[ Thames and Medway Canal Company, London. ] Five items: Autograph Letter Signed from chairman J. Moxon to Sir J. E. Harington, and four printed circulars, regarding 'commuting and clearing the whole incumbrance of debt on the undertaking'.

Author: 
Thames and Medway Canal Company, London [ John Moxon, Chairman; Edmund Collier, Clerk; Sir John E. Harington of Ridlington ]
Publication details: 
[ Thames & Medway Canal Office, No. 35, Great Winchester Street, London. ] Moxon's letter from 69 Old Broad Street, 19 May 1831. Two circulars of 7 and 18 May 1831; third circular relating to a meeting on 3 May 1831; fourth circular, 30 July 1831.
£500.00
SKU: 19368

The five items in good condition, lightly aged. ONE: ALS from 'J. Moxon' to Sir J. E. Harington. 2pp., 4to. On bifolium. Addressed, with three postmarks, on reverse of second leaf, to 'Sir John E. Harington Bart. | Berkeley Square'. Docketed on same page: 'Thames & Medway | Loans | to be kept by trustees. | refers to the Notes'. Thirty-eight lines, closely written. He begins with regard to Harington's 'Thames & Medway Loan Notes', observing that they have 'been for so long a time out of your custody & remembrance that it has probably escaped your memory that they are too numerous & bulky to transmit by the post'. He turns to 'the Judgments obtained by our friends', which he considers 'of importance certainly to the tranquil conduct of the Canal business, but of none whatever to us individually in a pecuniary sense (either individually or collectively) only so far as they protect the Canal itself'. He continues with reference to 'hostile parties', and considers the 'true course to adopt' to be 'to favor the quiet working of the concern, & to leave the Canal under the protection of the Judgments to go on as before'. The letter concludes with reference to 'the absolute ruin which must have resulted from successful hostility'. TWO: Circular of letter from 'E. Collier, Clerk', Thames & Medway Canal Office, No. 35, Great Winchester Street, London, 7 May 1831. By 'Batchelar, Printer, Hackney Road.' 2pp., 8vo. Bifolium. Addressed to Harington on reverse of second leaf, and docketed by him 'Loan Notes | Wrote to Mr Moxon Monday 16 or 17 May /31 for Loan Notes'. The letter covers the first page, and the second page carries 'Receipts and Expenditure of the Thames and Medway Canal Company, from the 2d of June, 1830, to the 23d of April, 1831.' The letter begins: 'I am directed by the Committee of the the Thames and Medway Canal to transmit to you, as a holder of Shares or of Loan Notes, the enclosed Extracts from the Report made to the Special Assembly held on the 3d Instant; and to draw your attention particularly to that portion of the Report which contains provisions, under which it seems expedient, and in the view of the Committee absolutely necessary, that the whole debt, without excepting a single note, should be funded and exchanged into shares, on terms which cannot injure the interests of either species of security.' THREE: Circular of letter from 'A HOLDER OF LOAN NOTES | Of every creation, to an amount exceeding £5000', dated from London, 18 May 1831. By 'Taylor, Printer, 39, Coleman Street.' 3pp., 8vo. Bifolium. In small type. Addressed, wtih three postmarks, to Harington on reverse of secon page, and docketed by him 'Loan Notes'. Putting forward the view that 'indifference or obstinacy will convert your stake in this security into an irrecoverable debt sooner than you imagine, but that you have the power in your own hands of aiding the Canal in what I trust is a course of improvement, if you will pay some present attention to your own interest'. No other copy traced, either on OCLC WorldCat or on COPAC. FOUR: Circular, signed in type by 'J. MOXON, CHAIRMAN', headed 'Thames and Medway Canal. | At a Special General Assembly of the Company of Proprietors, holden at the George and Vulture Tavern, St. Michael's Alley, Cornhill, London, on Tuesday, the Third day of May, 1831; convened for the purpose of considering a plan lately submitted to the Committee of Works for commuting and clearing the whole incumbrance of debt on the undertaking; the following Report and Statements of Account were read: viz - | [...]'. 4pp., 8vo. In small print. FIVE: Circular by 'Edmund Moxon, | By order of the Committee of Works of the Thames and Medway Canal Company'. Dated from the company's office, 30 July 1831. 2pp., 8vo. Bifolium. Addressed to Harington with three postmarks. Letter in small print on first page, regarding 'The adjourned General Assembly of Share and Note Holders', which took place on 20 July. The resolution of the meeting is that 'the Committee should [...] be authorized to propose to the Holders of Loan Notes to raise by Subscription, among themselves, a Loan of Money not exceeding £8000'. It is an 'alarming fact that the Capital and Interest of their Loan Notes will be speedily extinguished altogether as a property, if means are not found to raise the funds required to pay off claims now outstanding against the Company', and 'this is the last appeal which we shall have the power of making'. From the papers of the Harington baronets of Ridlington.