the note if the agreement he made with you to extinguish it by quarterly payments is not complied with. I asked him directly if he would have it put in suit, to which he only answered that you could judge best. At all events he wishes you to write and express his sense of the hard manner at which he has been treated and his surprise that a person so honorable should have failed to meet the engagement which he made with you as the condition of forbearing to sue the note. If however you think yourself pretty certain of collecting it, I say sue it. 3
You ask if 7 per cent can be collected on the note. Seven per cent is our rate of interest, and can be collected in all courts of the United States on notes given here. You speak in one of your letters of lending, money in Illinois at 25 per cent and taking land as a pledge. I thought the usury law forbade so high a rate of interest.
I have communicated to Mr. Sedgwick what you say about his business.
I am very glad to hear you are so comfortably established at last and hope to find you on my return still more prosperous. You will not forget to make as good an investment of my money in lands as you can when the lands come into market. I shall write to you on my arrival in Paris and tell you where to direct your letters.
My regards to your wife--
WM C. BRYANT
MANUSCRIPT: UVa ADDRESS: Mr. John H. Bryant / Princeton / Putnam Co / Illinois POSTMARK: NEW-YORK / JUN / 21 POSTAL ANNOTATION: 25.
New York June 23 1834
Mr. William Leggett
Please deliver to Russell C. Wheeler Esq. a box lying in the office of the Evening Post on which is the following direction:
"For Wm. C. Bryant Esq To be left at the office of the Evening Post William Street N Y."
WILLIAM C. BRYANT1
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Book title: The Letters of William Cullen Bryant. Volume: 1. Contributors: William Cullen Bryant II - Editor, Thomas G. Voss - Editor, William Cullen Bryant - Author. Publisher: Fordham University Press. Place of publication: New York. Publication year: 1975. Page number: 407.
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