January 13th, 1862

September 24, 2007

Mr. Douglas agreed with me that I had better write Mr. Ballard and accept the securities for the Horace White Professorship, which he had informed me were placed in his hands for Hobart College. I have written to New York to Mr. Swift and got a broker’s estimate which makes the market value about $12,500. I accordingly wrote to Mr. Ballard, the agent of the executors of Mr. White, this evening. Rev. W. Ayrault called. We talked over matters relating to his Uncle’s will and estate, and the recent suit, &c. He said to my great satisfaction, that he now thought that the executors would divide the residuary heirs – postponing the division to the College and societies till a convenient season. He expressed distrust of investments in U.S. securities, and preferred bond and mortgage for his Uncle’s subscription and bequests – in which I agreed with him.

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