Early Governors' Papers

Philadelphia T May 22th }

Paid 18 3/4

His Excellency [Governor?] William Hall Govrnr Nashville Ten

mail

M Nelson 21 May 1829 Recommend Cannon successor to Wilkinson

Philadelphia Gov. Cannon 13^th March 1838

DSir

We have just made a contract to have the state Bonds Engraved and after a careful examination of the charter we find a difficulty [presence?] as to the plan of payment of the principal, The charter [we?] express [terms?] have is discretionary as to when the interest may be made payable, and ^is [setent?] as to the principal

The question now arises are we at liberty to make the principal also payable at such place as we may designate - or are we to designate no place for the payment of the principal - or are we confined to the office of the Treasurer of Tennessee,

It is very important and induced we believe that our success depends as some degree on your discussion on thy [point? illegible] - We are sure the value of the stock would be greatly diminished if we should be [expelled?] to make the principal payable in Tennessee, on thy [illegible] we ask your immediate attention and hope to rec^d your reply by Express mail

As yet we have rec^d no [illegible] for the purchase of the Bond - It will be necessary to fix the interest at [Cpu? Circt?] I have no doubt at this rate we are not disposed to offer at this time more than one million which we hope will be sufficient to start