Letter to Horace Hotchkiss, 28 July 1840

  • Source Note
Page 163
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good title deed for the same, and who would be induced to  make purchases and make an effort to raise money for the sake  of getting a deed which effort they would not be so likely to make  if we could only give them a bond, this I think will work both  to your advantage and ours. and hope that we shall be able soon by  and by to make some cash sales. I hope this arangement with  Mr White will meet your approbation, altho it is a departure from  the common rules of business, but was induced to do so from the  advantages which will result from it and which I hope will  be mutual.
The amount of interest paid to Mr White after deducti[n]g  $61.50 which was coming from him to you for rents was eighty four  dollars and forty cents. Mr White told us, that you agreed to  pay him as much interest for the money as he could get elsewher[e]  we accordingly (in good faith) allowed him at the rate of ten per  cent.
Hoping the course pursued will meet your approbatio[n]—
I am respectfully
Your Obt Svt
Joseph Smith J[r]
To Esqr.
P.S. You will recollect the verbal agreement entered into by us  that the notes for the interest would not be exacted for at least  five years. Notwithstanding which we use our endeavoers  to meet them as fast as possible. and think that when I have  the pleasure of seeing you again, that you will be fully satis fied with the course we have taken and our endeavours to  meet all our engagements.
J.S. Jr. [p. 163]
good title deed for the same, and who would be induced to make purchases and make an effort to raise money for the sake of getting a deed which effort they would not be so likely to make if we could only give them a bond, this I think will work both to your advantage and ours. and hope that we shall be able by and by to make some cash sales. I hope this arangement with Mr White will meet your approbation, altho it is a departure from the common rules of business, but was induced to do so from the advantages which will result from it and which I hope will be mutual.
The amount of interest paid to Mr White after deducting $61.50 which was coming from him to you for rents was eighty four dollars and forty cents. Mr White told us, that you agreed to pay him as much interest for the money as he could get elsewhere we accordingly (in good faith) allowed him at the rate of ten per cent.
Hoping the course pursued will meet your approbation—
I am respectfully
Your Obt Svt
Joseph Smith Jr
To Esqr.
P.S. You will recollect the verbal agreement entered into by us that the notes for the interest would not be exacted for at least five years. Notwithstanding which we use our endeavoers to meet them as fast as possible. and think that when I have the pleasure of seeing you again, that you will be fully satisfied with the course we have taken and our endeavours to meet all our engagements.
J.S. Jr. [p. 163]
Page 163