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Charles Cocke letter to C.L. Mosby, 1844, Accession #11172, Special Collections Dept., University of Virginia Library, Charlottesville, Va.
This letter was purchased from Jerry N. Showalter, Bookseller, Ivy, Virginia, on April 27, 1995, by the University of Virginia Library.
This letter, April 2, 1844, from Charles Cocke, Esmont, Virginia, to C.L. Mosby, describes the shock and dismay of Cocke over the financial default of Sydnor, his worry over the amount of his own liability, and his anger at being swindled by a friend. He had entered into the arrangement and signed the bond only because of the assurance of T. Holcombe and C.L. Mosby that they would keep the interest down and that the bank would give him until the end of their charter to pay the debt.
Cocke goes on to describe how the circumstances of Sydnor's finances were not at all as he had been told. The amount of the loss was equal to the value of all his property and he fears he will be left a beggar. A lawyer told him that his liability stemmed from mistakenly signing the bond. Cocke believes that the fault lies with the bank which did not demand payment from Sydnor while the amount was still small. He also mentions that Sydnor had sixteen slaves at the time of his death but the sale price was conveyed by a deed of trust to Baskerville instead of being used as security for the bond. Cocke plans on contesting the claim of the bank which acted irresponsibly.