Letter from Joshua Coffin Chase to Sydney Octavius Chase (January 5, 1923)

Dublin Core

Title

Letter from Joshua Coffin Chase to Sydney Octavius Chase (January 5, 1923)

Alternative Title

Chase Correspondence (January 5, 1923)

Subject

Chase, Sydney Octavius, 1860-1941
Bonds--Florida
Chase and Company (Sanford, Fla.)
Chase, Joshua Coffin, 1858-1948
Sanford (Fla.)
Banks and banking--Florida

Description

An original letter of correspondence between brothers and business partners Joshua Coffin Chase and Sydney Octavius Chase. Topics discussed in the letter include a paving bond for property in Sanford and the offer made by B. H. Barnett.

Chase & Company was established in 1884 by brothers Sydney Octavius Chase and Joshua Coffin Chase. The company sold insurance and later invested in storage facilities and fertilizer sales. Chase & Company was known mainly for its agricultural interests and maintained a series of citrus groves throughout Central Florida. The company was based out of Sanford and became one of the city's largest employers into the early twentieth century. Randall Chase joined in the family business soon after his brother, Sydney Chase, Jr., did in 1922. Randall became the president of Chase & Company from 1948-1965.

Creator

Chase, Joshua Coffin

Source

Original letter from Joshua Coffin Chase to Sydney Octavius Chase, January 5, 1923: box 173, folder 2.51, Chase Collection (MS 14), Special and Area Studies Collections, George A. Smathers Libraries, University of Florida, Gainesville, Florida.

Date Created

1923-01-05

Is Format Of

Digital reproduction of original letter from Joshua Coffin Chase to Sydney Octavius Chase, January 5, 1923.

Is Part Of

Chase Collection (MS 14), box 173, folder 2.51, Special and Area Studies Collections, George A. Smathers Libraries, University of Florida, Gainesville, Florida.
Sanford Collection, Chase Collection, RICHES of Central Florida.

Is Referenced By

Folder referenced in Chase Collection finding guide, http://web.uflib.ufl.edu/spec/pkyonge/chase.htm.

Format

image/jpg

Extent

127 KB

Medium

1-page typewritten letter

Language

eng

Type

Text

Coverage

Sanford, Florida

Accrual Method

Donation

Mediator

History Teacher

Provenance

Entire Chase Collection is comprised of four separate accessions from various donors, including Cecilia Johnson, the granddaughter of Joshua Coffin Chase and the children of Randall Chase.

Rights Holder

The displayed collection item is housed at Special and Area Studies Collections at the University of Florida in Gainesville, Florida. Rights to this item belong to the said institution, and therefore inquiries about the item should be directed there. RICHES of Central Florida has obtained permission from Special and Area Studies Collections at the University of Florida to display this item for educational purposes only.

Contributing Project

Digital Collections (UFDC), University of Florida

Curator

Cepero, Laura

Digital Collection

Source Repository

External Reference

"Sydney Chase Sr. (1860-1941)." Florida Citrus Hall of Fame. Copyright 2012. http://floridacitrushalloffame.com/index.php/inductees/inductee-name/?ref_cID=89&bID=0&dd_asId=600.
"Joshua Coffin Chase (1858-1948)." Florida Citrus Hall of Fame. Copyright 2012. http://floridacitrushalloffame.com/index.php/inductees/inductee-name/?ref_cID=89&bID=0&dd_asId=960.

Transcript

Jan 5th 1923

Mr. S.O. Chase,
Sanford, Fla.

Dear Syd:

I am returning herewith your letter of Jan. 4th with all papers attached regarding $300,000 Sanford, Florida, Improvement 5-1/2% paving bond issue for paving certificates due in one to ten years. I have just returned from a talk about them with Mr. D. H. Barnett, President of the Barnett National Bank.

Mr. Barnett would not be interested for the bank in such an issue without knowing more about it. There was an uncertainty in his mind whether such bonds were tax free as you claim. There was also a doubt in his mind whether it was a regular recognized obligation on the part of the State. In event of any default, he was under the impression that suit would have to be instituted and a levy of some kind made in order to collect.

He appeared to think that the price submitted through the Atlantic National Bank was just a preliminary bid and there was no obligation upon your part to accept. Bonds of this kind are being sold on about a 480 to a 5% basis for those that expire within a short time, with a better premium on those of longer time to run.

Why don't you turn this offer down as being unsatisfactory and advertise for new offers, unless you have already advertised and this is the best proposition that came. In the meantime, Mr. Barnett appeared to think that it would be advisable for you to secure an opinion from Mr. John C. Thompson, of New York City, or some other authority as this would add value to the security and enable you to obtain a premium.

The writer is under the impression that Mr. LaMater is now boarding at the Munoz[?] House, with a son at Princeton. The writer has met the father and mother but does not know them very well.

Yours very truly,

JCC/s

Document Item Type Metadata

Original Format

1-page typewritten letter

Locations

Categories