Dec 24# 1886
John Muir Esq Martinez Cal Dear Brother:
Yours of Dec 5 th came safely but during my absence from the City. I will try to state the can[illegible] which I have taken with your $2000.0 and the present condition, After receiving your money I bought for you 3 acres of land at 2000# per acre ($6000) paying 2000.$ each and your notes for 4000.$ later I traded it for the house and lat. 909 Lydia Ave in this city which we called fifteen thousand dollars but which is really worth about 13,000.$ on this there was a mortgage for 5000.$ resuming about four years and our for 2000.$ which fell due Oct 5th this I have been carrying at the Bank since this I have tried to replace by sending notes and mortgage to you to sign (after orginatiting through with a money [illegible]).
The 4000.$ which you gave your notes for was assured by Mr. W.S. Brown, with whom I traded So you are not held for these.
You now have a house worth 13,000.$ which rents for 75.$ per month and you owe on it 7000.$ You also have a note securred by
Second mortgage on our and our half acres of the land you sold, for 250.# A 8% interest for a[illegible]. You also have in my hand at this date #926.83/100 (See Statement) but of that [stricken word] I must pay out within a few days about 270.$ for interest on 5000.$ mortgage and state and county taxes.
The other money or remaining is no more than I shall likey need to pay expenses and com- -missions when I trade the house off, the rent is paid until Apr 1st 1887 (See Statement) Now I do not like to carry this 2000.$ at the Bank for it diminishes my credit just that much. I have secured the Quit Claim deed only a day or two since and it cost 150.$ (See Statement) The three other acres which I put in were on a contract which I got in consideration of Mr. [illegible] the 3 acres purchased for you so it is yours, as much as the land actualy brought, but by the contract I only got for you one half of the profits on the 3 contract acres above 2000.$ per acre, thus the 3 contract acres does not cut any figure as it quickly increases your profits, so you have in the house and lot about 6000.$ one note 250.$ and about
650.$ each on hand making a total capital of 6,900.$ in round numbers, after paying all of your incumbrances Now if you have received all of my letters you will find these facts stated at different times.
Now please date [stricken word] the mortgage and notes to take effect Jany 15th 1997 to [illegible] over year and be careful that they are all right and acknowledged properly and hand them at once to me as I want to get this matter closed as soon as possible. As I have told you [stricken word] in my letters you are not charged one cent for my serives.
Hoping that I have made it all clear to you I am Very Truly Walter Brown
Kindest regards to you and yours and Annie Muir. B.
the #2000. mortgage which I want you to send is to take up the 2000.$ which I have been carrying for you at Bank and so does not increase your liability in the least. B.
To John Muir
1886 Dr Cr
Jany 6 By Dft $2000.00 July 27 " Notes from W. S. Brown 1500.00 " 29 " Rents from house 300.00 " 2 " " " " 300.00 " 29 " cash from W. S. Brown 158.80 Sept 27 To cash paid on 3 acres land 2000.00 " " " Recording Deed 75-¢-city taxes on 3 acres 26.42 July 22 " making Deed and Abstract 4.50 " 27 " Examining Abstract & Notary fees 20.50 " " " Recording Deeds and insurance 69.50 " " " Interest on 3 acres 124.42 " " " from sale of $1500, [illegible] $250 is not sold I hold it for you 250.00 " 30 " Nails, fixing Keys etc 2.00 " 31 " fix double doors and 2 laborers 1 day each 5.00 " " " two brass rods for front doors 1.00 Aug 11 " discount on $1250, late sold 127.55 " 14 " Examining Abstract and making lease 22.00 " " " paying Interest note to Carey 201.25 " " " Commission paid to L. A. Dodds 154.69 Oct 5 " Interest note paid to La Force on $2000 100.00 Dec 5 " " paid at Bank 60_day " " 33.89 " " " fixing walk & Electric Bill 4.00 " 9 " " furnace pipe 9.45 " 18 " Quit Claim Deed to 3 acres 150.00 " 20 " 40 days Interest at Bank (on $2000) 25.55 $3,331.97 4258.80 " 23 By Balance cash in my hands 926.83
Kansas City, Mo
1886 Dec 24
Original letter dimensions: 25.5 x 21 cm.
Brown, Walter, "Letter from Walter Brown to John Muir, 1886 Dec 24." (1886). John Muir Correspondence (PDFs). 1699.
Reel 05, Image 0736
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