Letter from Gray Dawes and Company to Henry Shelton Sanford (August 11, 1887)

Dublin Core

Title

Letter from Gray Dawes and Company to Henry Shelton Sanford (August 11, 1887)

Alternative Title

Letter from Gray Dawes to Sanford (Aug. 11, 1887)

Subject

Investments--Florida
Insurance--Florida

Description

A letter from Gray Dawes and Company to Henry Shelton Sanford (1823-1891), dated August 11, 1887. The letter acknowledged receipt of Sanford returning four promissory notes in the amount of £6,423.17.6, extended for an additional period of six months. The letter also acknowledged that Sanford had "given instructions to have the amount of the discount of £200.14.4 remitted" to Gray Dawes and Company. This correspondence demonstrates the ongoing business relationship between Sanford and London-based financial institutions. Sanford, confronted with numerous financial difficulties later in life, relied on generous loans from close business partners, like Sir William MacKinnon (1823-1893).

Gray Dawes and Company was founded in 1865 by business partners Archie Gray and Edwyn Sandys Dawes (1838-1903). Located at 13 Austin Friars in London, England, the company was focused, at least initially, on maritime insurance. By the mid-1870s, the company had also expanded its operations into shipping, overseeing a fleet of steamships that circulated within a trade network including London, Calcutta, Madras, and elsewhere. The company was closely linked to the Scottish shipping titan, Sir William MacKinnon. Gray was Mackinnon's nephew. Dawes, meanwhile, went on to become a close and trusted business partner to MacKinnon. As such, the firm became a useful means for MacKinnon to reward his friends and business associates. The company availed insurance accounts to these select individuals, accounts that could be used as a source of credit to be paid at a later date. The company became associated with Henry Shelton Sanford thanks to the mutual connection to MacKinnon. In 1880, MacKinnon lent Sanford, who was faced at the time with financial difficulties, some £8,000 to facilitate the founding of a Florida land investment company. The money offered by MacKinnon was in fact loaned to Sanford by Gray Dawes and Company. Additionally, at the behest of MacKinnon, both Gray and Dawes became reluctant subscribers to Sanford’s land investment scheme, the Florida Land and Colonization Company (FLCC).

Creator

Gray Dawes and Company

Source

Original letter from Gray Dawes and Company to Henry Shelton Sanford, August 11, 1887: box 53, folder 7, subfolder 53.7.18, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.

Date Created

1887-08-11

Is Format Of

Digital reproduction of original letter from Gray Dawes and Company to Henry Shelton Sanford, August 11, 1887.

Is Part Of

Box 53, Folder 7, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.
Florida Land Colonization Company Collection, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.

Format

image/jpg

Extent

157 KB

Medium

1-page handwritten letter

Language

eng

Type

Text

Coverage

Gray Dawes and Company, London, England, United Kingdom
Chateau de Gingelom, Gingelom, Belgium

Accrual Method

Donation

Mediator

History Teacher
Economics Teacher

Provenance

Originally created by Gray Dawes and Company.
Donated to the Connecticut Historical Society after 1901.
Loaned to the Tennessee State Library and Archives for processing until June 1, 1960.
Acquired by the General Henry S. Sanford Memorial Library, Sanford Museum in 1960.

Rights Holder

The displayed collection item is housed at the General Henry S. Sanford Memorial Library, Sanford Museum in Sanford, 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 the Sanford Museum to display this item for educational purposes only.

Curator

Fedorka, Drew M.

Digital Collection

Source Repository

External Reference

Locations

Categories