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" New York, March 6, 1539. « Jeremiau Goodwin, Esq.

Treasurer of the State of Maine :

Dear Sir-After you left here on Monday, we found it impossible to renew our loans on stock, and found ourselves compelled to pay up, or submit to a sale which would have been ruinous to us. Under these circumstances, we thought best to allow a protest on the note due to to the City Bank, [for $3972, and interest from December 12, 1838, to March 4] rather than suffer a heavy actual loss.

By taking this course, the security of the State of Maine for the payment of the balance which we owe them, is better than it would have been otherwise ; and we believe we have ample, and more than ample, if we do not sacrifice it.

But it is absolutely necessary that the knowledge of the protest should be confined to you and to the City Bank, (of which I have taken care here) otherwise we shall be disabled, for a very long time, from making any negotiations to advantage. We are willing to give every satisfaction, but cannot submit to making heavy sacrifices for the sake of promptness, for that course we have always found to result unfortunately. Will write you again in day or two, when we see what may be done. Resp'y your ob't serv'ts,

PARKER & CO.

The foregoing is a true copy of the original, received by mail at office early in March, 1939. (Attest) JEREMIAH GOODWIN,

late Treasurer February, 1840.

[Copy.]

“New York, February 23d, 1839. “ JEREMIAH Goodwin, Esq., Boston:

Dear Sir- The cashier of the Wool Grower's Bank has handed us your letter of the 21st, from Boston, and desired us to reply to you at Boston, and explain our intentions with regard to the note of $10,000, on demand, held by said Bank for collection.

The Stock we received from your predecessor, we placed in several of the new Banks going into operation in this city. The delay which has been experienced by the Banks in getting their notes of circulation, has been a great disappointment to us in obtaining that accommodation which we expected; and our means, in consequence, remain locked up in them.

We expected to have paid that note before now, but under the circumstances of the case, we think best to propose to you, that as there will be $8,500 interest due on the first day of May, on the stock held and disposed of by us here, to allow that notc to remain on interest till that time, and we will pay the interest here, and forward to you the Comptroller's certificate of its having been paid.

“ There are two other notes,"-(each dated Dec. 12, 1333, for $3,972, due the 1-4 of March, and 1-4 of April, which will be promptly taken up when due. We do not see what we can do better at the moment; and the accommodation will greatly oblige us.

The delay in signing notes for the new Banks, in the Comptroller's office, has been much increased of late by the change of officers in the Department. The time for several weeks, as we are informed by the deputy Comptroller himself, having been taken in arranging accounts, &c., preparatory to that change.

Mr. Whitman, Cashier of the Wool Grower's Bank, wrote you not long since at Augusta, and requests me 10 say that, having made this explanation ourselves, he deems it unnecessary to reply himself to yours of the 21st inst. Your ob't servants,

PARKER & CO."

The foregoing is a true copy of the original letter addressed to me at Boston, to which no written reply was given, because I arrived in New York and saw Mr. John A. Parker, the writer, on the 26th February, 1939, and continued to see him till afternoon of March 2; during which time he promised to pay the note for $3,972 and interest, due March 1, 1839. It was not however paid while I remained there, and it was protested for non-payment at the City Bank, where payable, on March 4, 1839. The other note due April 1, 1839, for $3,972 and interest from December 12, 1838, was by me, as Treasurer, conditionally endorsed to Mechanics' Banking Association at New York, March 1, 1839. Efforts were made at the same time, to procure payment of the ten thousand dollar note. Promises were made to pay it soon, or to pay the interest

, $8,500, on our Stocks held in that city; neither of which has been performed.

I have seen Mr. Parker in New York, in May, June and July, 1839, and renewed and repeated efforts were made to procure payment, but without success. Since leaving New York in July last, several letters have passed between us upon the subject, and a copy of my last letter to him is hereto annexed. Attest,

JEREMIAH GOODWIN, late Treasurer.

[Copy of Treasurer's letter to John A. Parker.]

“SANFORD, Maine, Nov. 27, 1839. “ John A. PARKER, Esq.

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Dear Sir,-Your letter of the 25th instant, forwarded from Boston to Alfred, and thence hither, has reached me this evening. I am gratified to learn that you are making, and will continue to make efforts to pay the notes of John A. Parker & Co. to the State of Maine ; and it is sincerely hoped I shall be spared the necessity of alluding to their non-payment in the annual Treasury Report to the Legislature.

The reasons why I have not exchanged the $20,000 Stock in the Comptroller's office, as requested in your respective letters of July 17, October 26, and 2d, 9th and 25th inst., are assigned in my replies from Boston, July 24th, and the 6th instant; to which I will now add, that I have no exchange certificates with me, and if I had I should be unwilling to incur the risk and expense of transmission by mail of $20,000 Stock, to and from Albany.

I will forthwith exchange it, on presentation at the Office, where I shall be in a few days. If you will authorize the Comptroller to transmit the Stock to the Office in Augusta, free of expense, the exchange Certificates, with coupons attached, shall forth with be returned to his order. Or, if practicable on your part, I will receive fifteen thousand dollars of our five per cent. stock, at par, (you giving up the interest from May 1,) and pay you therefor in your notes, and the balance in cash. If you have not paid, you must pay, your note for $3,972, and interest from December 12, 1838, to the Mechanics' Banking Association, and furnish me with evidence of its payment. For the two remaining notes, amounting, interest included, to about

$14,900, I will take five per cent. Stock, at par, as above
proposed.

Respectfully,
Your obedient servant,
JEREMIAH GOODWIN,

Treasurer of Maine."

Augusta, February 5, 1840. I hereby certify, that the preceding is a true copy of my last letter to said John A. Parker, to which he replied under date of December 7, and a copy of his answer is herewith submitted. Attest,

JEREMIAH GOODWIN,

late Treasurer of Maine.

" New YORK, Dec. 7, 1839. “ JEREMIAH GOODWIN, Esq.,

Augusta, Maine. Dear Sir,--I have your favor of the 27th ult. from Sanford. The proposition you make of receiving Maine Stock at par, for my notes, is a very liberal one. The difficulty in complying with it, is that I have not the means of relieving the Stock of my indebtedness upon it, otherwise I should embrace your offer with alacrity.

I do not think that I can persuade the Comptroller of this State, to send the Bonds he holds, to Augusta to be exchanged. His objections, I think, are reasonable. In the first place, he says if he parts with the security in his hands, and the Bonds should be lost, he renders himself personally liable. In the second place, if the present Bonds were lost, payment to be sure might be stopped ; but new ones could not be recovered without a special act of your Legislature for that purpose ; and then he would

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