One-page ALS, 7 ¾ x 9 ½, Washington, May 17, 1848, boldly signed W.W. Corcoran and addressed to E. Riggs, Esq. of New York, regarding a payment of $30,000 and concluding with a reference to the Treaty of Guadalupe Hidalgo, which ended the war between the United States and Mexico.
Reading in full, “I yesterday sent you $20,000 Try notes, and now enclose the remaining $10,000 for Messr C Whitehouse viz 10 notes No. 14,698 for $1000 ea dated May 17th 1848 and payable to the order of Corcoran Riggs. Letters received here today from Mexico say ‘we shall have the treaty satisfied.’” Research indicates that Corcoran and Riggs received some federal contracts under the treaty.
With docketing on verso.
Uneven toning and some modest paper loss on verso from where the wax seal was broken.
The Treaty of Guadalupe-Hidalgo resulted in Mexico ceding 55% of its territory to the United States. Part of the land would become the present-day Arizona, California, New Mexico, Texas, Colorado, Nevada and Utah.
WILLIAM WILSON CORCORAN (1798 – 1888) took over his father’s business of Corcoran Bank in 1817. The company went bankrupt in 1823, but Corcoran was able to make back his money and pay the outstanding debts in 1845. This business success earned him an excellent reputation and gained him a partner in George Riggs, who joined the firm in 1844 with the company becoming Corcoran and Riggs. The firm eventually became Riggs National Bank.
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