DIY History | Transcribe | Building the Transcontinental Railroad | Chouteau, Jr., Sanford & Co., Thomas C. Durant and Henry Farnam correspondence regarding railroad iron, New York, N.Y., 1855

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Chouteau, Jr., Sanford & Co., Thomas C. Durant and Henry Farnam correspondence regarding railroad iron, New York, N.Y., 1855

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New York   May 12th 1855.
   Mess, Henry Farnam &
              Thos. C. Durant-
                     now at New York.
   Gentl.
                 In accordance with our verbal understanding we hereby 
   sell you One thousand (1000) Tons Rail Road Iron of the Eric pattern
  to weigh from 58 to 59  pounds a lineal yard of the usual length.
   We agree to procure the shipment of the Iron from Great Britain to 
   New York with all practicable despatch, if possible before the 15th 
   of July next.
                Price of the Iron to be fifty five (55) dollars per ton of 
   2240 lb delivered in New York.-
                Payments to be made as follows:
   On the arrival of each Invoice at New York you are to enter the 
   same at Custom House & pay the freight & pay or become liable 
   to the United States for the duty thereon which amounts of freight  
   & duty we will credit you with as payments on accounts & for the 
   balance that may be due on each Invoice you are to give us 
   the acceptances of T. C. Durant of Henry Farnam's  drafts endorsed 
    one half of the Amount by Thos . E. Shefield &  one half 
   of the amount by Clark Durant Esqre. or other satisfactory 
   endorsers or Securities, said Acceptances to be made payable in 
   New York at Six months from the arrival of each Invoice 
   with Interest added at the rate of seven per cent per annum.
              Should any of the Iron be lost while in transition   
   between Great Britain & New York, we are not to be held liable 
   to replace the same except by future Agreement between us,
   to be entered into on receipt of intelligence of such loss

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New York May 12th 1855. Mess, Henry Farnam & Thos. C. Durant- now at New York. Gentl. In accordance with our verbal understanding we hereby sell you One thousand (1000) Tons Rail Road Iron of the Eric pattern to weigh from 58 to 59 pounds a lineal yard of the usual length. We agree to procure the shipment of the Iron from Great Britain to New York with all practicable despatch, if possible before the 15th of July next. Price of the Iron to be fifty five (55) dollars per ton of 2240 lb delivered in New York.- Payments to be made as follows: On the arrival of each Invoice at New York you are to enter the same at Custom House & pay the freight & pay or become liable to the United States for the duty thereon which amounts of freight & duty we will credit you with as payments on accounts & for the balance that may be due on each Invoice you are to give us the acceptances of T. C. Durant of Henry Farnam's drafts endorsed one half of the Amount by Thos . E. Shefield & one half of the amount by Clark Durant Esqre. or other satisfactory endorsers or Securities, said Acceptances to be made payable in New York at Six months from the arrival of each Invoice with Interest added at the rate of seven per cent per annum. Should any of the Iron be lost while in transition between Great Britain & New York, we are not to be held liable to replace the same except by future Agreement between us, to be entered into on receipt of intelligence of such loss