Cyrus W. Field, His Life and Work [1819-1892] — John Shaqi
Cyrus W. Field, His Life and Work [1819-1892]
History
Cyrus W. Field, His Life and Work [1819-1892]
Cables, Submarine -- History; Field, Cyrus W. (Cyrus West), 1819-1892; Inventors -- United States -- Biography
"Allow me to add, individually, my sincere thanks; and I am
requested to ask if you will allow us to make mention of it, to
show that such high moral principles in business have much to do
with a man's prosperity.
"With great respect I remain,
"Your obedient servant,
"J. D. ADAMS, Cashier."
"At a meeting of the directors of the Housatonic Bank, held at
their banking-house on the 7th day of March, 1853, the cashier laid
before the board a letter from Cyrus W. Field, Esq., dated 1st of
March instant, enclosing a check on the Union Bank, New York, for
seven hundred 62-100 dollars, being an unpaid balance and the
interest in full on a note against the late firm of E. Root & Co.,
due in 1841, which note had long since been given up to Mr. Field,
the firm having become insolvent. Whereupon it was unanimously
"_Resolved_, That the conduct of Mr. Field in voluntarily paying a
debt for which the bank had no claim evinces a high degree of moral
integrity, alike honorable to him as a merchant and gentleman.
"_Resolved_, That such an instance of high-minded magnanimity
should be held up as an example worthy of the more commendation
because of rare occurrence.
"_Resolved_, That we tender to Mr. Field our congratulations in
view of his present prosperity, and our best wishes for its
continuance.
"_Voted_, That the foregoing resolutions be entered on the records
of the board, and a copy signed by the president and cashier
transmitted to Mr. Field.
"C. M. OWEN, President.
"J. D. ADAMS, Cashier."
"LEE BANK, _March 7th, 1853_.
"CYRUS W. FIELD, Esq.:
"_Dear Sir_,--Your favor of 1st inst. was duly received, with draft
on Union Bank, $1142 49.
"I have been delaying acknowledging receipt of same, hoping to get
our directors together and lay the matter before them, that I might
communicate to you their feelings, but have not as yet been able to
do so; shall have an opportunity soon.
"Our stockholders will appreciate your generosity, and permit me to
thank you in their behalf, as well as my own, for your magnanimity
exercised towards us.
"I remain
"Truly yours,
"L. A. BLISS."
"LEE BANK, _March 8th, 1853_.
"At a meeting of the directors of the Lee Bank held at their
banking-house this day the following resolutions were unanimously
adopted:
"_Whereas_, During the last week, a draft was received by the
cashier of this bank from Cyrus W. Field, Esq., of New York,
amounting to eleven hundred forty two 49-100 dollars, it being the
balance with principal and interest due upon a draft given by E.
Root & Co. in 1841 of fifteen hundred dollars; and
"_Whereas_, The Lee Bank had given Mr. Field a full discharge of
the above debt by his paying the sum of nine hundred forty-two
7-100 dollars in the year 1845; therefore
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