NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2002 Apr 06 @ 07:00UTC-8 : PST/AKDT
<p><b><span style='font-size:12.0pt;font-family:Arial;color:windowtext'>JAMES K. POLK </span></b><span style='font-size:12.0pt;font-family:Arial; color:windowtext'><BR><BR></span><b><span style='font-size:14.0pt;font-family:Arial; text-transform:uppercase'>Polk <i>“ Considerably Indebted”</i></span></b><span style='font-size:12.0pt;font-family:Arial; color:windowtext'><BR><BR>ALS 1½pp, single sheet, 4to, Washington City, Mar 17, 1832. To Samuel H. Laughlin responding to his letter regarding a land deal, political news, and other matters. With regard to a delegation to West Point, “...<i>Major Easton and Wharton are to be visitors at West Point from Tennessee...My friend and constituent Dr. Thomas (who has a son at the Academy) was also an applicant, but he has been disappointed</i>...” Polk, a Tennessee Congressman, had in fact visited the Secretary of War a few days earlier on Thomas’s behalf. Regarding a farm known as Royal Place that Polk and Laughlin had purchased from John Royal in 1831, he writes, “...<i>It will not suit me to purchase your interest in our partnership land. I am as well as yourself considerably indebted and will have use for all my funds</i>...” He goes on to speculate on the value of the land, mentioning the contract with Royal. In 1832, crop failures in Tennessee led to severe financial problems at a time when the government was trying to reduce excessive loans. Thus, money was scarce and farm owners were in crisis. Responding to Laughlin’s request for inside political news, Polk tells him, “...<i>I do not know that I can communicate to you any thing more in politics than what you see in the newspapers.</i>..” Boldly penned and signed in full with paraph. Also initialed after postscript. Light general toning; occasional minor foxing; o/w VG. Laughlin was a newspaperman himself who published, among other things, the Banner, a paper for which Polk had put up some of the money. The two had engaged in several business ventures together, and Laughlin’s newspapers had been seen as vehicles for Polk’s platforms. A fine letter to a longtime associate reflecting both Polk’s official and personal activities at the time.</span></p>
Auction Location:
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March 29 to April 5, 2002 from 9:00am - 5:00pm
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1. Auction Catalogue No. 19 is a Mail, Fax, Phone, Email and
Internet Live Bid Auction and is conducted under the laws of the State
of West Virginia by Gil Griggs, Licensee of Charleston, W. V. License
No. 002.
2. Absentee bid closing date is April 5th, 2002, 10:00 PM EST.
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