William M. O'Hara to Stephen F. Austin, 07-22-1818
Summary: Concerning notes in the Bank of St. Louis.
The note, received with your favor of
Directors, as well as those of other individuals. They have however
agreed to renew your notes at present for the whole amount,
subject to 20 per cent reduction at the next renewal; but they require
that the original forms of the notes (as to endorsers) shall be
preserved—rejecting the proposition to consolidate them. In order that
your object may in some measure be effected I have made out the
enclosed statement of interest computed to this day; at which time
the notes can be all dated, and the extra trouble of attending to their
renewals at different times can be saved.
P. S. I also laid the proposition before the Board to renew Mr. Bryan's notes, but, as the notes intended to be renewed are not yet due, they did not act upon his proposal: consequently I could not send you his old notes (as requested) by Mr Brown. Mr Bryan has a note payle next week, for which Mr. Ficklin has a notice.