Stephen F Austin to Nicholas Biddle, 04-09-1836

Summary: Concerning Texan loan

Philadelphia April 9, 1836

N Biddle Esqr.


I send you enclosed a proposition for the negociation of a loan of $500,000 to which I ask the favor of your consideration provided the one cannot be effected on the basis, of which we conversed in our interview this day—

The kind expressions of feeling and sympathy which you expressed in conversation today, in behalf of my Struggling country have induced me to submit this proposition to you, for the purpose of ascertaining whether in your opinion it is a feasible one, whether any, and what amount of money can be raised by it among your friends in Philadelphia, and whether the Bank would probably be willing to assume the trust and negociate the paper.

My anxiety to do something for the country so soon as possible has induced me to leave this proposition with you, before the other is acted on, and I would beg the favor of an answer as early as convenient—

(N.B.) The above letter is substantially the copy of one sent to Mr. Biddle on Monday 11th April.