MacKay_Letter_123
Item
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Title
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MacKay_Letter_123
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Description
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Letter from Isaac N. Coffin of Brooklyn to Colonel Geroge W. Mackay discussing a Steam Ship Company that Mackay was involved in. The Company seems to have dissolved or stopped and Coffin needs very specific information regarding the company so as to advise Mr. MacKay. April 9, 1827.
Transcription:
[page 1]
Brooklyn April 9th 1877
Col. George W. Mackay
Caledonia Livingston Co. N.Y.
Dear Colonel:
The agreement and power of attorney transmitted by you I duly received. Now to enable me to act effectively, I request you to give me the following information necessary, and I will be careful not to trouble you unnecessarily.
1st How many shares of stock did you actually own in the Steam Ship Company, that is, which were on the books of the Company in your name and that you held Certificate of Stock for: not surplus share, which belonged to the Company and not to any individual member
2nd Please inform me how many shares belonged to the Company and not to any individual member; that is deducting the amount of all the shares belonging to individual members from the whole amount of the stock
3rd Where the Books of the Company now are, that is in whose hands, Please inform me
[page 2]
if you have some of the blank Certificates of Stock - and whether you have any of the Books or Papers which belonged to the Company, because as the Act of Incorporation enacts - “George Mackay, James H. Walton, and “N. B. Bryant are hereby appointed Commissioners “to open the books and receive subscriptions to the “Capital stock of the Company,” and as James Walton was resident in Philadelphia and N. B. Bryant a resident of Boston, of course you was the only resident in New York, the place of the Company’s existence and therefore I suppose you have the books.
4th Where the Secretary Hiram Dixon is, or where was he when you saw him last - and what procession was he.
5th Where the former General Manager Charles M. Wilkins is, or where was he when you saw him last - and what profession is he.
6th Please look over your papers very thoroughly to find any particulars whatever and inform me of the result.
[page 3]
7th Please answer as fully as you can every one of the questions as they relate to necessary information on which to found practical action. And therefore Please take up every one of these questions, one by one in this way Answer to Question 1st—------- Answer to Question 2nd—---
8th Please inform me what was the cause of the Company stopping or making no progress and be as particular as possible on this point, as it will enable me to overcome obstacles
I have looked thoroughly into the law on the subject and find that there are certain circumstances which would dissolve a company, - but it would be exceeding - impolitic for us to admit that this Company was dissolved, because, it would be almost impossible to get so good a charter again, as this therefore it is better to lose the stock that the old members own rather than in our efforts to destroy them, to pull down the temple on our own heads.
[page 4]
Thanking you kindly, Dear Colonel for your promptitude in sending the papers and wishing you Health and Happiness
I am cordially and truly yours
Isaac N. Coffin
156 Wyckoff St.
Brooklyn
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Identifier
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MacKay_Letter_123.1-2.jpg
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Creator
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Kristen Walker
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Subject
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Letter
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Publisher
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Izzy Moyer; Kristen Walker; Jill Johnson; and Renee Guerin
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Date
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1877.04.09
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Date Created
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2023.10.30
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Type
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Correspondance
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Letter
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Format
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.jpg
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Medium
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Paper
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Rights Holder
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Genesee Country Village & Museum
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Rights
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Genesee Country Village & Museum creates opportunities for material, object, and place availability from their collections and location accessible to the public for personal and educational research purposes pursuant to U.S. Copyright Law. Within the stipulations of the museum and related rights legislation that applies to your use, it is your responsibility to obtain permission from the copyright holder to publish or reproduce images in print or electronic form; and, it is strictly prohibited for commercial use without prior communication and agreement with the institution first.
