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Title Letter to H. R. Duval from W. N. Thompson
Object Name Letter
Scope & Content Florida Central & Peninsular R. R. Co.
W. N. Thompson, Treasurer
Jacksonville, Fla.
Nov. 28th 1893
Subject: Payment of January Interest
H. R. Duval, President
New York
Dear Sir:
This three page letter discusses the "gravity of this situation and the importance of paying our interest on January 1st,....it would be impossible to set aside enough money from our current receipts to meet this large amount." Thompson further notes the costs of rebuilding the Archer Branch, the $17,008.00 Bethlehem note, the large mount of our Car Trust notes in addition to operating expenses. "...which strain would not have been so great but for the financial panic and the demoralizing influences of the yellow fever." He states that the increase over the earnings for the same periods this year have been greater but not enough to cover the expenses. He notes unpaid vouchers and pay roll numbers. He expresses concern over non-payment of vouchers (especially wood, cross ties, stock, Loss & Damage) and "the postponement in paying off our November rolls until after January 1st, will cause much dissatisfaction and hardship on those concerned, especially as they are looking forward to the holidays." He concludes he will carry out instructions received from Duval in letter of the 20th. He concludes: "I believe we are now passing the crisis and if we can get over it safely I feel that a bright future awaits us and that the F C & P R R will be one of the most prosperous roads in the country.
Yours truly,
W. N. Thompson, Treasurer
Catalog Number 2004.032.051
Collection Thompson Collection
Accession number 2004.032
Caption Letter to H. R. Duval from W. N. Thompson
Number of images 3
People Thompson, W. N.
Duval, H. R.
Search Terms Florida Central & Peninsular R. R. Co.
Yellow fever
Financial panic (of 1893)
Subjects Letters
Railroads
Business & finance
Classification Correspondence/Letter
Business & Commerce