UTSA James Morgan Papers

New York Sept 10th 1836

James Morgan Esq. Texas

Sir

I had the pleasure, a few days since, by water via New Orleans, under cover to [?] [Reed of?]. Enclosing copy of Resolutions, passed at a meet ing of the Stockholders in the New Washington Association and according to my then promise. I now hand you a second copy, duly certified of the same.

The proceedings of the meeting, together with the Resolutions. (as you will perceive) are intended to cover the whole ground, or interval, between your departure from this city, and the latest dates from you, in as much as there has been no occasion for any specification on the part of the Shareholders, and all my communica tions having been made unofficially, thought generally after consultation with the Managers of the concern.

The result is, (and this was the object) that your acts and mine are hereby approved by the Shareholders.

This I thought would be satisfactory to you, and was rather called for under the circumstances.

The closing up of the Bermuda negotiation was a matter of course, being impracticable.

The resolution in relation to the extra credit of $2000 which I have opened for you with Cuculler Lepeyre & Co. (to be used in case of need) also required the sanction (which it now has) of the Board, and Mr. Lapeyre is duly advised that it is open for that amount. This I myself had done, long before the meeting and Lapeyre advised in conformity. You can draw if necessary. You will see by the Exhibit of the [?]. The 73 pr% already called in is expended, and my responsibilities in cluding the Company debt to you of $8000, absorb