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November 29, 1820

Good Wheat

29 Nov 1820

My Dear Friend,

When good wheat sells in Albany for 56 cents per bushel and pork for $2.50 per hundred, what is land worth! Nothing, but to him who holds the plough, and he must be successful if at the end of the year the balance be not against him. Under such circumstances, what can be dug or raised from the earth in Col. [unreadable]. By [Trusts] to pay the principal and interest of $50,000 in ten years! Boards if taken to Baltimore will not pay the Sawyer and raftsman and if the farmer takes his wheat or pork to Albany or New York he must go to bed supperless to save enough out of the proceeds of his farm to purchase a felt hat. How can he pay for a farm? He cannot, and you may every five years foreclose your mortgage and take your farm back. But the times may change so they may, when the Lord in his wrath shall blast the harvests in Europe, or suffer the nations in that part of the globe, to engage in wars for a prostituted Queen or debauched King. But when shall these things be! Until they shall happen, the only safe course is not to contract new debts; but try to pay off old ones. I could hardly be tempted to make [Mrs. Laight] an offer for the property which she wishes to sell, for the probability is, that the difficulty to raise money will continue to increase, and lands to decrease in value for some years, and it is wholly out of my power [to] satisfy myself, to what degree of depression real estate must depend. As you and [he] are both interested in those lands why not go before the Rev Doctor Mason and unite your interests? You want a wife and she probably would not be unwilling to have a husband. I once gave a letter of hers and that satisfied me that she possessed no ordinary mind. You are on the spot and can judge of the graces of [her] person. If she does answer all the qualifications which you demand in a wife, collect all the marriageable ladies in New York into one large room and take you choice of them. I have no doubt that most of them would most readily purchase a ticket in a lottery in which all the prizes were husbands, than in literature [lotting No: 4?]

Gerrit appears to enjoy glass making and to consider that as the only mode of making money during the hard times. I hope he may [unreadable] no more Brown's as purchasers.

I am My Dear Friend
Yours Sincerely
Daniel Cady

Hon Peter Smith-

Johnstown 29 Nov 1820

November 25, 1820

25 Nov 1820

My Dear Friend,

I have this moment opened yours of this 21st instant. I returned from Albany last night at 9 o'clock from attending the funeral of Mrs [China?] + taking an inventory of her estate [ln.?]. I wrote in answer to your first letter from New York, + forwarded to you my annual [account], but this morning on reading a letter from Gerrit, I find my letter to you [instead] of reading you at New York has found its way to Peterboro where it is waiting your arrival.

The written arguments in case of Robertson have been submitted to the judges + they will decide in January as is expected. McMichael + [Lustier?] have not yet answered. I shall compel them to do so as soon as may be.

I hope you may in New York find every thing necessary to consummate your happiness if not there to be found the claim may be given up as hopeless.

I am My Dear Friend
Yours Sincerely
D Cady

Hon P Smith

Johnstown 25th Nov 1820

November 10, 1820

11/10/1820

Dear Nephew,

I have not nor shall I have time to go to Oppenheim to see land advertised by Malcolm. I have however seen the deed and that is so drawn that it will cover but 105 acres instead of 200. The mistake however in the deed may never be discovered by those who [unreadable] it. I find that Malcolm was advertised under the same mortgage about 300 acres in Oppenheim. That is worth I presume about the same as the other. I think it probable that Mr Cochran has a description of all the lands advertised, made by [?] a surveyor. As these lands were mortgaged as collateral security for the note you gave. I think you ought to call on Malcolm + [Lathrop] and tell them that you shall insist on being credited the $200 which you have paid and whatever the land shall sell for + that unless they at once make that arrangement you will take measures to compel them or do it or protect yourself on account of the usury in the note.

I have forwarded to your Father at New York my years account which I presume will reach him but not cure all his misfortunes. I have heard from him and he does not appear to be in possession of a great share of happiness.

I am Dear Nephew
Yours Sincerely
D Cady

Mr Gerrit Smith

10th November