Smithfield Preston Foundation
Papers, 1784-1881, n.d., Ms1997-002
May 5, 1804 -- letter from James Patton Preston in Richmond, VA to James McDowell in Lexington, VA
Richmond May 5th 1804
You will herewith receive a receipt for the money which I brought down with me to payover to Carrington a duplicate I shall retain in my hands till I see you. You will abserve that it was not lost from friction in carriage. I also enclose you a blank power of attorney for inscription, in as much as the informality of the one I brought with me, but prevented me from making a final sale of the Bank stock, or rather a conveyance of it to a man to whom I had sold for $171. He now proposes to give the same, provided there should be no fluctuation in market between this & the time that a conveyance can be made. The County seal must be had to the letter of attorney, & I would recommend you to Authorize William Price register to transact for you, and pay to James the interest, and to Carrington the $532, & I shall speak to him to retain the balance for me.
Picket according to my expectation has pretended difficulties, to retain the money. He has written a letter explanatory which you will receive by Mr. Keith. I handed the deposition to the Clk of the Court of Chancery who informed me it certainly would not be read in the suit as it did not recite the taking by consent, or legal notice, have thereefore thought proper to send it to you again perhaps you may have a copy of the notice if so you can enclose it and forward it hereafter.
In addition to this Mr. Danl. Caul says that unless it had been read in the original trial it would not now be received or heard. I believe I have now gone through with the business you desired. I should transact so far as is in my power.
I think it is not improbable that I shall be back to Richmond before you can send forward your power of attorney therefore write to me & I will aid Price or any other person that you may think fit to authorize. The greater expedition with which you dispatch this, the better it will be for all parties. There is no news in the smallest degree interesting.
I am your friend
and relative James P. Preston
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