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Title:[Letter] 1837 Dec. 8, Nashville [to] Charles F. Welcker, Talladega, Alabama / R. J. Meigs : a machine readable transcription of an image
Author:Meigs, R. J.

This work is the property of the McClung Historical Collection, Knox County Public Library, Knoxville, TN. It may be used freely by individuals for research, teaching, and personal use as long as this statement of availability is included in the text. For all other use contact the Manager of the McClung Historical Collection, 500 West Church Avenue, Knoxville, TN, 37902-2505. (865) 215-8801.

Date: December 8, 1837
Extent: 2 p
Summary:This document is a letter dated December 8, 1837, from R. J. Meigs in Nashville to Charles F. Welcker in Talladega, Alabama. Meigs is writing in response to an inquiry of Welcker's regarding the currency exchange rate between Tennessee, Alabama, and Kentucky money.
Collection:Welcker Papers
Box:MS-12, b2

Page [1]  view page image

Nashville , December 8, 1837
Dear Sir:

I this moment received your letter of the 25th of November, asking "what per cent, if any you would probably have to give between Tennessee or Ala. [Alabama] paper, to obtain Seven or eight thousand dollars in Kentucky paper?"

I find on enquiry, that Kentucky paper sold today at 10 per cent for Tennessee; and the brokers say it varies from 9 to 10. They buy in small amounts at 8, and sell at 9 or 10. One to whom I spoke said he could accommodate you with 7 or 8 thousand dollars at almost any time in Kentucky paper for Tennessee & Alabama at 10, or in U.S. paper, so as to enable you to get Kentucky paper at about the same difference. The difference between U.S. paper & Ky. [Kentucky] here is 2, so that you would have to pay 12 for U.S. in Ten. [Tennessee] or Ala. paper.

Give my respects to [unclear: Chilton ], Hogan, Genl. [General] Bradford their families, and all my friends.

Yours truly
R. J. Meigs
Mr. Charles F. Welcker .

Page [2]  view page image

Mr. Charles F. Welcker Talladega Alabama

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