« | | Case of James Robertson »

Foreclose Glass house


My Dear Sir,

Your father supposed it might be necessary to foreclose the mortgage against the Glass house in Chancery, but as there is not other incumbrance on the property, it will be less expensive and equally advantageous to foreclose by advertisement and sale. You will have the above [purchased] and a copy put up on the outer door of your Courthouse. The person who puts up the copy must make affidavit of the fact. Although I have very little interest in the half [million] contracts, yet I should like to hear from you after and learn whether you are in the full tide of successful experiment and feel no apprehensions that you may find difficulty in meeting all your engagements. The convulsions of the old world, which for the last thirty years have very much influenced all pecuniary concerns in this country, have left us unable to calculate with much certainty as to the future. I cannot believe that lands will for many years to come, command the price they did seven years since. All the capital in the country appears to be pledged, and a new and increased capital must be created by industry before lands will be much sought after.

Your father feels anxious respecting your health. He thinks you are not sufficiently inclined to drive about, either to preserve your health or estate. I hope he misjudges. I understand that Peter has obtained an exemption from imprisonment. Is there no way in which his activity can be rendered useful?

I am My Dear Sir
Yours Respectfully
Daniel Cady

Mr Gerrit Smith

Johnstown 29th Feb 1820