Letter, George R. H. Hughes to John Augustine Washington III, 1861

Containers:
Box 78, Folder 1861.07.03
Creator:
Hughes, George R. H., 1832-1914
Scope and content:

Letter from lawyer George R. H. Hughes, Chicago, to John Augustine Washington III informing him that his investments in Chicago real estate and bonds have not been successful. His previous letters to John Augustine have been unanswered, and Hughes writes that bond prices are "ruinous" in the present crisis and the best he can hope to realize for John Augustine is $37,500.

Hughes discusses the market in detail, warning John Augustine, "I have no idea that you will be able to get your money back the way things are going here, for five or ten years, and then prices would have to double to enable you to get back your outlay with interest."

Language:
English.

Access and use

Location of collection:
The George Washington Presidential Library at Mount Vernon
The George Washington Presidential Library at Mount Vernon
3600 Mount Vernon Memorial Highway
Mount Vernon, VA 22121
Contact for questions and access:
POC: Reference services
Phone: (703) 780-3600
Parent restrictions:
This collection is open for research during scheduled appointments. Researchers must complete the Washington Library's Special Collections and Archives Registration Form before access is provided. The library reserves the right to restrict access to certain items for preservation purposes.