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On front of document: “Penn Yan Feby 18 1853 J L Lundy Esq Dr Sir Your letter relative to S E Lapham of this village has been received In which you say I assured you that there was no doubt I could collect the debt of the Waterloo Cotton Company against Lapham. In this you are mistaken I told you that I knew Lapham had a debt owe him of from $75 to $100 which I thought I could get hold of & apply in paying this demand of the Co & immediately in the receipt of the demand from you I took measures to procure this debt but before I could get a [payment?] against Lapham he disposed of this debt to another creditor I have obtained a [illegible] against him but he has [200] [property?] at present which can be [useless?] Lapham is at [illegible] & should he live will I think from time to time have means which maybe obtained, the only course further so is to keep watch of him They have a [profit?] & are in a situation to seize any property which he may hereafter regain better by [illegible] or by Industries before a [illegible] – Lapham I understand is anxious to [compromise?] with his creditors if he willl pay a reasonable [amount?] I think the co had better [compromise?] with him & release their demand, he has attempted to [illegible] to obtain a discharge of his debts by paying or offering to pay the trifling sum of 10 or 15 cent on a dollar which his creditors have very properly refused to accept Yours & c BM, Franklin" On back of document: "B.M. Franklin 2mo 16th 53"
Content Location: Penn Yan, NY
Women's Rights National Historical Park, Seneca County, New York Latitude: 42.9025993347168, Longitude: -76.8444976806641
Women's Rights National Historical Park, Code: WORI
Organization: US National Park Service Role: Curator Address: Women's Rights National Historical Park, 136 Fall Street
Seneca Falls, NY 13148 Email: https://www.nps.gov/wori/contacts.htm
U.S. National Park Service
Public Can View
Public domain
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