A receipt for the sale of thirty bales of cotton sold on behalf of Aaron Spell, February 9, 1840.
This document and the preceding document are receipts for cotton sold on behalf of cotton planter Aaron Spell on two separate occasions, one before the panic, in 1836, and one during the panic, in 1840. The numbers in columns on this receipt represent the weight of each of the thirty bales of cotton. The total weight is then multiplied by the price paid per pound of cotton, in this case seven and a half cents per pound. The notes at the bottom of the receipt detail additional charges deducted from the total sale price, such as shipping, storage, insurance, and broker’s fees. This receipt also includes a short note to Mr. Spell added by the cotton broker, Mr. Mount.
Account Sales of 30 Bales Cotton received by Steamer Vicksburg, from Manchester, Miss from Charles & Mount Esqs. and sold for account and risk of Mr. Aaron Spell of Holmes County, Mississippi --
Feb[ruar]y 3 Sold to Kohn, Daron & Co. [c/o] Schmidt and Holland, Brokers
A.S. 30 Bales, weighing
Sum of column 1: 4259
Sum of column 2: 4081
Sum of column 3: 4018
Total weight: 4259 [+] 4081 [+] 4018 [=] 12358 @ 7 ½ ¢ [=] $926.85
P[ai]d Freight on above at $2 per Bale...$60
[Paid] River Insurance, valued $1200 @ 1% + pol: 75¢...12.75
[Paid] Weighing 10¢ per Bale...3.00
[Paid] Drayage @ 12½ ¢ [per Bale]...3.75
[Paid] Brokerage for selling ¼% on $926.85...2.32 [Total Charges] 81.82
[Sale price minus total charges] $845.03
Errors Accepted, New Orleans, 4 Feb[ruar]y 1840
Mr. A. Spell
1840 4 Feb[ruar]y
In Acct. With A.M. Nathan
By [???] of 30 Bl Cotton...$845.03
less paid [account] bill charges to C.E. Mount... 18.00
Eight hundred and twenty seven 03/100 Dollars
To his credit in acct.
New Orleans, 4th Feb[ruar]y 1840
Have just returned from New Orleans and have seen Mr. Nathan who expects you to send him forty bales more, I assured him you would do all you could, and he has given me a regular power of attorney & I am fully authorised to give you any instruction you may [illegible].
You will see your cotton only sold for 7 ½ ¢, I sold mine at the same. It is still declining - if you have any in store let me know if any to send down, do it forth-with, as it will decline further. Do you know Mr. Coates’ intentions?
Sincerely y[ou]r fr[ien]d,
[Bmton?] 9th Feb[ruar]y 1840
P.S. I enclose your [bill & such] I paid [Robin? & Allen?] before I could get the cotton.