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Updated: May 6, 2025
R. has promised to be in Albany in a month. Things are in statu quo. I am unsettled, and at present at Witbeck's. One would think that the town was going into mourning for your absence. I am perpetually stopped in the streets by little and big girls. Where is Miss Burr? Won't she come up this winter? Oh, why didn't you bring her? &c.
A few weeks subsequent to this duel, however, be received from a friend a kind letter, asking confidentially an explanation of these transactions, to which he replied, New-York, 6th October, 1799. I cannot refuse to the manner of your request, nor to the friendly motives which have produced it, to satisfy your inquiries with regard to Witbeck's bond and the Holland Company.
The covenant contained a penalty of twenty thousand dollars; as security on my part for this penalty, in case it should become due, I mortgaged to Cazenove, or the Holland Company, twenty thousand acres of land in Presque Isle, being one hundred shares of two hundred acres each in the Population Company, and I assigned to him Thomas L. Witbeck's bond, payable to me, for twenty thousand dollars, as further collateral security.
By those who know me, it will never be credited that any man on earth would have the hardiness even to propose to me dishonourable compensations; but this apart, the absurdity of the calumny you allude to is obvious from the following data, resulting from the deeds and known facts: That at the time the Alien Bill was under consideration, and long after, the bond, the covenant, and the penalty were objects of no concern, as we had reason to believe that the lands were or would be sold in Europe, so as to leave me a profit: That Witbeck's bond was never given up, but exchanged for one more safe and valuable: That I had not, nor by possibility could have, any interest in this exchange, as it was relieving one friend to involve another still more dear to me: That, so far from any understanding between Cazenove and me, we had controversies about the very bond and penalty for more than a year after the passing of the Alien Bill: That no part of the penalty was ever due from me to the Holland Company; and that of course, they could never have demanded the bond, which was expressly a security for the penalty, and not for the payments: That nevertheless I did finally give Cazenove a valuable and exorbitant compensation to induce him to cancel the covenants and discharge the penalty.
The covenant contained a penalty of twenty thousand dollars; as security on my part for this penalty, in case it should become due, I mortgaged to Cazenove, or the Holland Company, twenty thousand acres of land in Presque Isle, being one hundred shares of two hundred acres each in the Population Company, and I assigned to him Thomas L. Witbeck's bond, payable to me, for twenty thousand dollars, as further collateral security.
R. has promised to be in Albany in a month. Things are in statu quo. I am unsettled, and at present at Witbeck's. One would think that the town was going into mourning for your absence. I am perpetually stopped in the streets by little and big girls. Where is Miss Burr? Won't she come up this winter? Oh, why didn't you bring her? &c.
Cazenove took time to consider and inquire; and finding, in fact, that Prevost's bond was a much better one than Witbeck's, agreed to take it. Prevost accordingly executed to me a bond for twenty thousand dollars, of which Harrison drew a special assignment to the Holland Company.
A few weeks subsequent to this duel, however, be received from a friend a kind letter, asking confidentially an explanation of these transactions, to which he replied, New-York, 6th October, 1799. I cannot refuse to the manner of your request, nor to the friendly motives which have produced it, to satisfy your inquiries with regard to Witbeck's bond and the Holland Company.
By those who know me, it will never be credited that any man on earth would have the hardiness even to propose to me dishonourable compensations; but this apart, the absurdity of the calumny you allude to is obvious from the following data, resulting from the deeds and known facts: That at the time the Alien Bill was under consideration, and long after, the bond, the covenant, and the penalty were objects of no concern, as we had reason to believe that the lands were or would be sold in Europe, so as to leave me a profit: That Witbeck's bond was never given up, but exchanged for one more safe and valuable: That I had not, nor by possibility could have, any interest in this exchange, as it was relieving one friend to involve another still more dear to me: That, so far from any understanding between Cazenove and me, we had controversies about the very bond and penalty for more than a year after the passing of the Alien Bill: That no part of the penalty was ever due from me to the Holland Company; and that of course, they could never have demanded the bond, which was expressly a security for the penalty, and not for the payments: That nevertheless I did finally give Cazenove a valuable and exorbitant compensation to induce him to cancel the covenants and discharge the penalty.
Cazenove took time to consider and inquire; and finding, in fact, that Prevost's bond was a much better one than Witbeck's, agreed to take it. Prevost accordingly executed to me a bond for twenty thousand dollars, of which Harrison drew a special assignment to the Holland Company.
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