Bedfordshire Archives Service Catalogue

Select

Reference
HF41/2/20/25
Title
General bundle of correspondence regarding Powers v. Race and raising of 3 separate accounts for 3 daughters of Charles Powers
Date free text
Jul 1884 - Feb 1886
Production date
From: 1884 To: 1886
Scope and Content
including E Leeds Smith of Sandy to T J Hooper consulted by Misses Powers regarding interests under Will of Charles Powers request detailed statement showing how investments secured and rate of interests upon investments 30 Jul 1884 same to same further requests the information 22 Aug 1884 same to same “each trust fund should be invested on security of adequate value and authorised by the Will” wants to know a) are 2 funds separately invested in favour of A A and M L Powers? b) in whose names, what securities? c) if these 2 sums remain simply charge on testator’s unsold real estate, what instruments executed to ensure safety of such charges? d) should be shown “that each of these trust funds has been and is so invested etc” “as that in the event of any other beneficiary under the Will taking proceedings and the estate proving insufficient to meet the demands on it, these trust funds would not be touched or diminished 11 Nov 1884 letter Andrew Woods Glasier, 8 St James Street, Bedford Row, London WC to T J Hooper regarding Hooper v. Race (see HF41/2/18) wants to know details of properties, liabilities etc. “any particulars as to depreciation or other reasons which induce trustees to postpone realization” “utmost importance to show that the trustees have acted well within their powers and with due discretions and as prudent men ought to have done” onus lies on trustees to show why £6000 not set aside for Mary Louisa Powers. 27 Feb 1885 Copy of letter, Church Rendell and Company, Bedford Row, London WC, to Andrew, Wood and Clasier country client tells us that the plaintiffs instructions to him to get 2 legacies of £6000 and £6000 or the security property representing the same into court are so definite that he does not think they will be satisfied unless it is done 16 Mar 1885 letter, Andrew, Wood and Clasier and Hooper Company either pay 2 £6000s into court or securities for them or contest plaintiff’s right to demand it 17 Mar 1885 same to same questions including request for: short statement why trustees postponed the sale, ie. to show they stopped the sale to favour residuary legatees at expense other interested statement regarding what trustees done with oil and milling business and terms under which handed over to G W and H E Powers. have residuary legatees charged their shares beyond the £500 by G W Powers and any money owed to Bank in respect of share of residue? 21 Mar 1885 same to same Chief Clerk somewhat against us not seen T J Hooper’s evidence, harped very much on lapse of time suggest offer to give a mortgage on whole real estate and present securities and surveyors opinion to value of real estate 13 Apr 1885 same to same Chief Clerk states either Declaration of Trust regarding Securities now existing or will order sale of real estate 14 Apr 1885 same to same Church and Company apprehensive lest as business is in such a pecuniary condition that estate may have to be administered under direction of Court and forced sale producing insufficient to cover £12,000 applicants have prior claim on all estate left undistributed do not think Court would oblige them to take mortgage of Mills and land valued by Mr Trethewy at £10,000 and cottages £600 Church and Company reckon if put sufficient pressure on the Bank (whom they reckon to be the financiers of the tenants of the Mill and mortgagees of residuary legatees) would find the money don’t think can avoid making declaration of trust 15 Apr 1885 same to same Judge adjudicating Powers v. Race Chief Clerk wanted deeds etc. deposited in Bank. plaintiffs wanted them brought into Court. Order by Chief Trustees should comply with Summons to set apart 2 sums of £6000 within 6 weeks Church and Company will reconsider deposit question 29 Apr 1885 same to same set apart – ie. execute declaration of trust 1 May 1885 same to same agree to deposit deeds at London and Westminster, Bloomsbury Bank (where both Andrew etc. and Church etc. bank) costs out of residue or £12,000? 18 May 1885 copy Andrew etc. to Church etc. strongly object to deeds being deposited in plaintiff’s name, question of access 1 Jun 1885 Andrew etc. Hooper and Company will be deposited in names of T J Hooper and Church etc. 18 Jun 1885 same to same refuse to deposit deeds regarding Elizabeth M (sic) Powers £6000 23 Jun 1885 same to same 10 days to show E K Powers money set apart to her satisfaction 1 Jul 1885 same to same Chief Clerk Order of deposit of E K Powers £6000 all trustees liable to attachment if deeds not delivered in 7 days (including mortgages) 10 Jul 1885 Church etc. want details re £1000 of E K Powers 20 Jul 1885 Affidavit of T J Hooper required regarding £1000 22 Jul 1885 same to same regarding Blunham Oil Mills mortgage (Oil Cake Mill and 40 acres of land - £600 per annum rental only possibility Warmington Q C 29 Jul 1885 De Jersey and Preston of 4 Tokenhouse Buildings Bank, London EC to T J Hooper won’t do the £6000 mortgage unless property let at £600 per annum to old and well established tenants 29 Jul 1885 same to same Warmington satisfied:- surveyor will be instructed (George Jackson of Hitchin) 31 Jul 1885 same to same received cheque for £350 to pay into court 3 August 1885 same to same Warmington won’t go on with £6000 mortgage 4 Aug 1885 same to same H E Powers signed transfer of mortgage deed for £4000 5 Aug 1885 same to same Mr Lindsell called – handed him transfer of mortgage for £4000 (which he paid into Bank of England to credit of Powers v. Race) handed over deeds 12 Aug 1885 Stibbard, Gibson & Sykes, 2 Leadenhall Street, London EC to Hooper and Company enquiring re £6000 mortgage 20 Aug 1885 letter, Henry Trethewy of Silsoe to Hooper and Company offering services as valuer of Blunham Mills 29 Aug 1885 Andrew and Company to Hooper and Company 6 months for raising the £12,000 expires on 8 November 21 Sep 1885 copy of letter, same to same summons to pay £915 into court “ and future dividends in £5350 Consols to trustees to be applied by them as income arising from residuary estate” 27 Oct 1885 copy of letter, Church to Andrew now elections for Bedfordshire are over hope client will instruct as to what is to be done regarding plaintiff’s legacies 2 Dec 1885 Andrew etc., Hooper and Company £5350 paid into court (£1,000, £350, £4,000) still £6,650 to raise 9 Dec 1885 same to same suggest use mortgage brokers Byrne and Company – will charge 6% “quite impossible to get an advance of more than 1s..3d on manufacturing premises” 18 Dec 1885 letter, Annie A Powers (from Hastings) acknowledges receipt of £116 18 Dec 1885 similar letter from M L Powers at Fairseat, High Wickham, Hastings for £116 same date covering note from E Leeds Smith same to same Byrne and Company no good, will try New Gresham Building Society (Andrew a trustee) £4000 on permanent mortgage £3000 on usual scale of repayments help if Mills leased anew for fixed term 21 Dec 1885 same to same by summons will ask for transfer of £1086..1s..10d Consols from Re Monoux to general account of the Powers 31 Dec 1885 same to same regardign above does not see how possessors acquired reversion 1 Jan 1886 same to same C Powers trustees won’t borrow from New Gresham Building Society 5 Jan 1886 same to same can arrange special meeting of above society’s directors. possibly would prefer to raise £7000 on whole rather than £6000 on part 7 Jan 1886 same to same directors of New Gresham Building Society declined to lend £6000 too much on single security 14 Jan 1886 H E Powers from 256 St Paul’s Road to Hooper and Company endorsed chancery drafts 19 Jan 1886 Andrew etc. to Hooper and Company left out Mill Lodge (let at £25 per annum) Salter and Son ask will mortgagors ask to reduce principal by yearly instalments of £300 till £4000 19 Jan 1886 same to same if offered 100 guineas might accept it in place of 2½% commission Church and Company only content when all 3 £6000s set apart 29 Jan 1986 Salter and Company will not accept less than 2½% 3 Feb 1886 same to same regarding costs 6 Feb 1886 same to same Child and Son acted for Monoux trustees 9 Feb 1886 3 single letters 30 Jul 1884 / 5 Feb 1886 and 3 bundles of correspondence in envelope marked “correspondence with De Jersey and Preston, Cambridge Building Society and others in abortive efforts to obtain the advance and prior to it being arranged” £6000 mortgage
Level of description
item