An Answer to the Pamphlet of Mr. John A. Lowell, Entitled "reply to a Pamphlet Recently Circulated By Mr. Edward Brooks" : With New Facts And Further Proofs
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Kirk Boott's operations previous to that time, I think the reader will see opportunity enough for him to have acquired, in the first four or five years of the Chelmsford speculation, with a title in the outset to ninety, out of six hundred, shares, sufficient property to enable him, with the aid of the $10,000 loan from me, to pay ofi" the $37,000 of debt, beyond his $20,000 of patrimony, which I suppose him to have paid to his brother in March, 1826, and yet to have had, as Mr. Lowell says he ...had, about 1 10,000 left, after that settlement, beyond his debt to me ; — espe- cially, when we see that $27,300, of the debt to his brother was paid in the stock of the Boston Manufacturing Company at $1300 a share, though then worth in the market only $900 a share. It is in perfect keeping with Mr. J. Wright Boott's character, to believe, that, from feelings of generosity to his brother, he had, considerately, waited till a handsome profit had been accuiriulated out of the Chelmsford specula- tion, before he pressed for a settlement ; and it is manifest, that repayment of the large advances made on that account, and for the settlement of losses in the old mercantile part- nership accounts, which proved " very heavy," could not 569 have been had at a much earlier period without stripping his brother of every thing, and indeed, until some considerable amount of profit had been earned, could not have been had at all.
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