UNIVERSITY of GLASGOW

The Corresponence of James McNeil Whistler
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Documents associated with: finance, loans
Record 10 of 18

System Number: 01822
Date: 5 November 1887
Author: Algernon Graves[1]
Place: London
Recipient: JW
Place: [London]
Repository: Glasgow University Library
Call Number: MS Whistler G187
Document Type: ALS


MEMORANDUM

FROM
HENRY GRAVES[2] & COMPANY,
PRINTSELLERS AND PUBLISHERS,
6, PALL MALL LONDON, S. W.

LONDON, Novr 5th 1887

TO J McN Whistler Esq

Dear Sir

The Carlyle picture[3] is now here, and is in the Same Condition as when it left here - I have had a memorandum drawn up as to howe we stand as regards this picture, the Mrs Whistler[4] [p. 2] and the two Nocturnes[5], in case you see your way now to clear it up and to have the Carlyle delivered to you

I remain
Yours faithfully

A. Graves


This document is protected by copyright.


Notes:

1.  Algernon Graves
Algernon Graves (1845-1922), of H. Graves and Co., print dealers [more].

2.  HENRY GRAVES
Henry Graves (1806-1892), print dealer and founder of H. Graves and Co. [more].

3.  Carlyle picture
On 10 October 1878 Graves lent JW £120 accepting Arrangement in Grey and Black, No. 2: Portrait of Thomas Carlyle (YMSM 137) as security (#01806). Later loans brought the sum to £300 by 1881 when he repaid £50 (#01827); on 29 September 1887 JW repaid £30, but interest at 5% came to £98.2.6 (#01827); JW retrieved the portrait on 29 January 1891 on payment of £220 (#01832) and sold it to Glasgow Corporation.

4.  Mrs Whistler
Arrangement in Grey and Black: Portrait of the Painter's Mother (YMSM 101). The surviving documents and letters recording loans involving JW, Charles Augustus ('Owl') Howell (1840? - d.1890), entrepreneur [more], and H. Graves and Co do not entirely correspond. However, on 1 September 1878 Graves apparently lent £100 to Howell on security of Arrangement in Grey and Black: Portrait of the Painter's Mother (YMSM 101) and two Nocturnes of Battersea, one probably Nocturne in Grey and Gold (YMSM 155) (#02184, #01806). Further money was advanced, making £200, with Arrangement in Grey and Black: Portrait of the Painter's Mother (YMSM 101) as security. Repayments of £50 in 1881 (#01800), and £50 in 1882 (#01827) left £100 plus £41.13.4 interest to be paid. On 1 February 1887 he handed the portrait Arrangement in Grey and Black: Portrait of the Painter's Mother (YMSM 101) to R. D'Oyly Carte as security for a loan of £500, probably redeeming this in July 1888. JW may have settled Graves' final account in December 1888 (see #01827).

5.  two Nocturnes
As a result of negotiations between C. A. Howell, JW and Graves, the latter had written to JW on 9 September 1878 asking for Arrangement in Grey and Black: Portrait of the Painter's Mother (YMSM 101), Arrangement in Brown and Black: Portrait of Miss Rosa Corder (YMSM 203) and seven Nocturnes to be delivered to him (#01797). Arrangement in Brown and Black: Portrait of Miss Rosa Corder (YMSM 203) was substituted for two Nocturnes on 6 November 1878 (Howell to Graves, #02185). It is not at all clear what happened next but by this date (1887) apparently two different Nocturnes were being used as security on loans, namely Nocturne: Black and Gold - The Fire Wheel (YMSM 169) and Nocturne in Black and Gold: The Falling Rocket (YMSM 170).