From W. E. Darwin 1 January [1881]1
Bank, Southampton,
Jan 1 1880
My dear Father,
It is a nuisance to have these bonds paid off; the simplest way is to sell them as the Manager proposes.
$10,000 = £20402
why not buy $10,000 Pennsylvania General Mortgage payable 1910 price is 127—therefore $10,000 will cost £2540 or $8000 will cost £2035 or, and will pay 4 per cent.3
Or Massachusetts state loan 5 per cent payable in gold as follows
1891—at 109
1895 at 111
1900 at 114
are perfectly safe, if they can be bought.
Metropolitan 3 per cent Stock4 is at 105 and will only pay 3 percent.
or Baltimore & Ohio 6 per cent Mortgage payble. 1910 at 121 is I believe quite safe.
Your affect son | W. E. Darwin
P.S. Southampton Dock5
Debenture 4 per cent
Stock is at 110
The liabilities of the company are as follows.
£82 300 Mortgage Debes.
£217.700 4 per cent Deb: Stock
£1,165,625 ordinary & prefce Stock
so that the Deb: Stock should be quite safe
CD annotations
Footnotes
Bibliography
Roussel, Mike. 2009. The story of Southampton Docks. Derby: Breedon Books.
Summary
Discusses possible investments.
Letter details
- Letter no.
- DCP-LETT-12392G
- From
- William Erasmus Darwin
- To
- Charles Robert Darwin
- Sent from
- Southampton
- Source of text
- Cornford Family Papers (DAR 275: 75)
- Physical description
- ALS 3pp †
Please cite as
Darwin Correspondence Project, “Letter no. 12392G,” accessed on 10 October 2024, https://www.darwinproject.ac.uk/letter/?docId=letters/DCP-LETT-12392G.xml