Documents associated with: finance, loans
Record 8 of 18
System Number: 05269
Date: [2 or 9 December 1886]
Recipient: Horace Henry Cauty
Repository: Glasgow University Library
Call Number: MS Whistler R165
Document Type: ALc
My dear Cauty -
I have I fear no knowledge whatever of these details - but after all that matters but little - for you see the case is of the simplest - I mean to lend the Society five hundred pounds - and Mr George Lewis knows that I intend to do this thing - and Mr Richardson of course will not really make difficulties that are other than legal formalities -
I mean that no question of percentage shall vex the Society or myself, therefore that need not weary us -
Let Mr Pocock propose anything he likes, and I am sure that Mr Richardson [p. 2] will see that this is a simple transaction among gentlemen and not a question of my lending money at interest!
1. [2 or 9 December 1886]
JW joined the Society of British Artists in 1885 and was elected President on 1 June 1886. His loan to the SBA was discussed at their committee meetings on 12 and 21 December 1886 (#13416). 2 and 9 December 1886 were Thursdays.
3. Mr George Lewis
Sir George Henry Lewis (1833-1911), society lawyer [more]. He did indeed negotiate JW's loan to the SBA, with guarantees from council members of repayment (see Messrs Lewis to JW, 15, 16, 20, 21 December 1886, #02529, #02530, #02531, #02532, and draft loan agreement, #13401. On 10 February 1887 the firm received the mortgage of the SBA's Suffolk Street Galleries and signatures of five members as security (Messrs Lewis to JW, 11 February 1887, #02534).
4. Mr Richardson
Richardson, possibly a banker or lawyer.