Franklin County: Edward McPherson to John B.
McPherson, September 3, 1857
Summary:
In a letter to his father, Edward McPherson tells of his plans to buy Cumberland
Coal stock and mentions that his Reading stock is improving.
September 3d. 1857
New York
My dear Father --
I did not get off yesterday afternoon, & will be detained until this afternoon.-- This morning we meet to complete the business for which I came.
I intend buying some Cumberland Coal stock. It has been selling at 13 @ 14, & is very low. [unclear: Beyond] doubt, it will rally.-- Please send me (to Philadelphia) a draft for the money I still have in Bank.-- It is not much, but I do not recollect the amount. I had to pay exchange or by check to Drexel. Reading is improving. I will not lose on it. Drexel offered to pay all the loss on it, within five months, if I gave him half the gain.-- He is pretty good authority.
Yours
Edward
