Mr. Memminger to Mr. Mason, October 25, 1862

Mr. Memminger to Mr. Mason.

Dear Sir: Your letter of 1st August, enclosing
triplicate of yours of the 22d April last, is just received. That of 22d
April is now for the first time received, and this fact will excuse the
seeming neglect to Mr. James Smith, of Glasgow, in returning him a bond
for his investment of £100. The sterling is now worth 150 per cent.
premium, which makes the bill for £100 worth in dollars $1,100; for
which sum a certificate of government stock has been issued in favor of
Mr. James Smith, and will be retained in this department, subject to his
order, and a bill drawn for the £100.

Your letter of the 1st August also advises of the desire of Mr. James
Brown, of Edinburg, to contribute twenty-five pounds sterling. I have
made the same arrangement for this amount, and have directed a
certificate of stock to be issued in his name for $250, as we cannot
issue for fractions of less than fifty dollars. This certificate will be
retained, subject to his order, and a bill drawn for the £25.

Respectfully, your obedient servant.