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Office of Chubb & Schenck,
Washington, Sep 7th, 1850
His Excellency P.H. Bell
Gov of Texas
Sir
We wrote you on
the 19th ultimo offering you our services for the negotiation
of the ten million U.S. Stock offered to your State by
the Government of the United States
We would respectfully suggest that if this Stock be
disposed of in New York and London in such amounts
as the market will bear, will command a premium
of from 3 to 4 per cent thus netting to your state
a large profit, provided there will be no monetary chan-
ges at present unforeseen.
Should the State issue proposals for the whole
amount at once, it is evident that it would depress
the market, and afford very little if any premium.
We respectfully refer you to the enclosed letters from
the Hon. Geo. W. Jones and the Hon. R.W. Thompson.
Your Obt Servants
Chubb & Schenck
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