Pullar Mortification 1811-1859 Minute Book - Nine Trades of Dundee

There was laid before the Trustees a letter from Mr John Peter offering his son as a
collateral security for payment of the Interest ii place of the late John Ramsay of which a Copy
follows:
Dundee 3 December 1846
To the Trustees of the late Mr Pullar
Gentlemen
The late Mr John Ramsay was co-lateral security for payment of the Interest on my
Bond over certain subjects for £600, to the Trustees of Mr Pullar’s Mortification. – As that
Gentleman’s Trustees have now almost completed their Trust, they have now called upon me
to relieve them from that obligation. I have therefore to request the favour of you to accept of
a missive from my Son John Peter Junior binding himself in Mr Ramsay’s place as Collateral
security for the Interest. – and as he is a Partner in an extensive Business in the Flax
Spinning at Rouen in France under a contract for 15 years with a sixth share in the Concern
and free House, Fire and Light his security may be considered good. The Company have a
Capital of £250,000 employed in the Business and his name is in the firm of I. Le Bandy.
I, Peter and Coy as acting Partners.
Your acceptance will oblige as I wish to acid all Expence of further papers till the
Bond is ultimately discharged. – And this is not the time to sell such property.
I am &c
(Signed) Jon Peter, Sen.
The Meeting resolved that they propose that Mr Peter should pay £200 to account of
the Bond, and they would allow he rest to remain on his own Security…
At a General Meeting of the Trustees in the late John Pullar’s Mortification
called by Circular and held within Mrs Hoods Hall St Clements Lane on Thursday the
11 th day of May 1848 at One o’clock of forenoon
Revd. James Thomson in the chair
A Letter from Mr John Peter wishing the Trustees to relieve The Trustees of the late
Mr John Ramsay as collateral Securities on his Bond was read to and laid before the meeting
of which the following is a Copy:
Dundee 2 nd May 1848
To the Trustees of the late Mr Pullar
Gentlemen
It was my intention agreeable to the offer of the Trustees sometime ago to have paid
you £200 of the Bond of £600 over my Property, but from the losses I have sustained since
that period it has been out of my power to do his and the Trustees of Mr Ramsay are
threatening legal process against me to compel it immediately as they intend throwing the
Convener of the Trust into the Court of Session, this would bring on heavy legal expenses
against me which I must by all means in my power endeavour to avoid.
Would you accept my son David as Collateral Security for the Interest on the place of
Mr Ramsay and your agent to collect the rent should the Interest not be paid regularly at the
term, but since I have heard this morning that the Interest had never lain over unpaid for a
day and was paid even without calling for it. Besides my intention still is to pay up the £200 as
soon as I recover myself a little to enable me to do so.
I will also allow your Agent to collect the rents or Mr Batchelor will do it and (blank)
them to (blank) in the Bank to (blank) payment of the Bond aver paying the Interest.
Your compliance will much oblige.
Your most obedt Servant
(Signed) John Peter Senr.
P.S. since writing the above I have received a very threatening letter from Mr D.
McLachlan to lay an attachment on all my Heritable Property wherever situated in Scotland &
by that I will be rendered powerless, this is a very harsh measure for so small a matter.
With a little assistance from a Friend I will be able to make up £100 on part payment
of the Bond at present and to allow the Rents commencing at Martinmas next to go towards
payment of the Bond to such an amount as the Trustees shall consider safe to remain on the
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