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Sign up freeThe National Intelligencer And Washington Advertiser
Washington, District Of Columbia
What is this article about?
A letter to the Federal Gazette editors corrects a report on an English Court of Chancery decision regarding Maryland's claim to 250,000 stock in the Bank of England, stating that the King is willing to relinquish rights, so only part may be lost, per communication from U.S. Minister Mr. King to the governor.
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The editors have received the following letter from a correspondent, which they have much pleasure in laying before their readers:
Messrs. Yundt and Brown,
The following is an extract of a letter which I received from a friend, on whom the fullest reliance may be placed.
Your obedient servant, A. B.
" I intended immediately to have written to Messrs. Yundt and Brown, the conductors of the Federal Gazette, published in Baltimore, but as you are on the spot, I wish you would be good enough to give them the information I wished to communicate :-I observed some time ago, in their paper, an article of intelligence, which they appeared to give with regret--that a late decision of the court of chancery in England would deprive this state of all hope of recovering the 250,000 stock in the bank of England, which it had long been contending for. I do not know that any determination has been made on this subject at all; it ought however to be known, that, in any event, a part only of the sum will be lost to the state, as the king of Great Britain authorized Mr. King, the American minister at his court, to say that he was ready to relinquish any right that the court of chancery might award to him on the subject. A communication to this amount has been made by Mr. King to the governor of this state."
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Domestic News Details
Primary Location
Baltimore
Key Persons
Outcome
only a part of the 250,000 stock sum will be lost to the state, as the king of great britain is ready to relinquish any rights awarded by the court of chancery.
Event Details
A correspondent informs the Federal Gazette editors via letter that a previous report on a Court of Chancery decision in England depriving the state of 250,000 stock in the Bank of England is inaccurate; no final determination is known, but the King authorized Mr. King to state readiness to relinquish rights, and this was communicated to the governor.