CD memorandum July 1857
July. 1857.—
I agreed to receive 2 per cent on the £250 from Ansted & Ransome; & in lieu of principal share which Coy. may divide—the final winding up to be deferred for 4 years, i.e in 18611
Footnotes
CD invested £250 in fifty shares in the Patent Siliceous Stone Company, owned by David Thomas Ansted and Frederick Ransome, in 1852. He made a loan to the company of £250 in 1853, and two separate loans, also each for £250, to Ransome in 1854 and to Ansted in 1855. CD by this memorandum recorded his intention to write off his investment in the company, and to reduce to 2 per cent the rate of interest on his loans to Ansted and Ransome, originally set at 3 per cent. Both men made interest payments at this rate between 1857 and 1861, but there is no evidence that any of the principal was ever repaid. See CD’s Investment book (Down House MS), p. 59; and Correspondence vol. 5, letter to J. S. Henslow, 8 March [1853] and n. 1. For the later history of CD’s dealings with the company, see Correspondence vol. 12, letter from Frederick Ransome, 7 March 1864 and nn. 1 and 2.
Summary
Memorandum about £250 investment in Patent Siliceous Stone Company, owned by David Thomas Ansted and Frederick Ransome.
Letter details
- Letter no.
- DCP-LETT-2115F
- From
- Charles Robert Darwin
- Source of text
- DAR 210.10: 23
- Physical description
- mem
Please cite as
Darwin Correspondence Project, “Letter no. 2115F,” accessed on 28 March 2024, https://www.darwinproject.ac.uk/letter/?docId=letters/DCP-LETT-2115F.xml
Also published in The Correspondence of Charles Darwin, vol. 13 (Supplement)
letter