System Number: 03513
Date: 21 November 1888
Recipient: Algernon Graves
Repository: Glasgow University Library
Call Number: MS Whistler LB 7/42-44
Document Type: MsLd
Nov. 21. 88
I hope to be able shortly to hand you the £100 more on account of our transactions.
I don't at all understand what you mean in the foot note in your letter about the "arrangement" made at the time of purchase of Carlyle that if sold Mr Whistler and H. Graves & Co. were to divide all over three hundred pounds (£300) unless Mr Whistler settled up before.
I have no copy of any such agreement. I remember no arrangement of the kind, and I cannot possibly see how any such proposition could have been entertained even in thought.
I have copy of your first I buy the Thomas Carlyle for three hundred pounds (£300[)] You ask me three hundred pounds (£300) for a picture upon which you had advanced. I have the copy of your transaction with Howell in which you advanced him [p. 2] one hundred & twenty pounds (£120) upon the Carlyle; when I came to you and proposed to buy the Carlyle it back you charged me three hundred pounds for it (£300) and that what further and I have your receipts for my one hundred & thirty (£130) pounds paid on account. what reason could there be for any further hold share A large sum at the time "as you know you thought it" for any work of mine whose sale could only be vaguely looked forward to in the dim future. Again Upon what plea could you found your proposal to share any profits that I might make in thatsuch future sale! Again, when a year or s for awhile ago I forget the price fixed of the Carl there was a question for e these past years the price of the Carlyle was fixed at four hundred pounds guineas (£ 400420) what earthly inducement would there ever have been for me to have made its purchase if it had been understood [p. 3] that we were to share the hundred guineas (£105) over the price I was to pay you after you had taken out the interest that has accrued since the transaction. This must be clear to us all why it would have been more than eaten up and I should still be in your debt. This is so evident that if so the matter seems to me to require no further comment And I must return to the fact that I have no copy of any such [ dr?] agreement between us. Now I hope shortly to hand you the one hundred pounds (£100) more on account of our transactions - and again thanking you for all your courtesy and kind patience
Believe me to be
Very faithfully yours
Graves & Co