Payment and an Advance
Document 1795Dayton sends Hodgdon a bill of exchange and duplicate for $1500 from a Mr. Ludlow. Dayton requests an advance of half this sum, and comments that he will enter into a contract if necessary that allows for interest or damages to be paid if Hodgdon deems this necessary. Dayton remarks that he does not feel this would likely happen as Ludlow has informed Dayton that the money is in his possession and Dayton may simply draw from it.
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[Samuel Hodgdon Esqr]
Friday morng 4
Dear Sir,
I enclofe a bill of exchange & Duplicate for 1500 Dollars upon Mr Ludlow. It would feem reasonable & proper that the half of the fum should be advanced to me now, & the other paid upon notice received that the bill is discharged.
It would accommodate me much if you would fo arrange the matter, and if you deem it neceffary, I will enter into an engagement to make good any intereft or damage which fhould accrue in cafe of non payment. This however I do not at all apprehend as Mr Ludlow has informed me that the mony is in his hands, & has requested me to draw for it.— With regard Yours
Jona: Dayton
Samuel Hodgdon Esqr
Type
Letter Signed
Description
Dayton sends Hodgdon a bill of exchange and duplicate for $1500 from a Mr. Ludlow. Dayton requests an advance of half this sum, and comments that he will enter into a contract if necessary that allows for interest or damages to be paid if Hodgdon deems this necessary. Dayton remarks that he does not feel this would likely happen as Ludlow has informed Dayton that the money is in his possession and Dayton may simply draw from it.
Date
02/27/1795
Author
Recipient
Collection
Document number
1795022780001
Page start
1
Notable persons
Samuel Hodgdon
Jonathan Dayton
Ludlow
contractor
Notable items
bill of exchange
sum
interest
money
duplicate
contract

