Chavaete, Father P.S., Woumen, Belgium, to Archbishop Anthony Blanc, New Orleans, Louisiana, 1851 October 13

Chavaete replied to Blanc's letter of August 21 and has received since another of September 13. Blanc said that one of his friends had found a tenant offering $?45 a month for the house in question and that she agreed to a lease for 13 months without the expense of repairs. This consoled Chavaete as he thought at first there would be an enormous loss which would have interfered greatly with his undertaking. Blanc's advice to loan? money here at 4 percent is very reasonable since one can place the revenue in America at 6, 7, or 8 percent. Chavaete authorizes Blanc to act; he only asks that the capital not be put in danger. He has borrowed a small sum here, adding another of 10,000 francs. He can finish the construction already begun and which could be left unfinished the way it is. Chavaete wrote in another letter that he had absolute need of money for the new year, but the owner from whom he bought the land now wants to defer payment of part of it to a later time so Chavaete is not so pressed at the moment. He asks Blanc that, in case of death, the establishment he has begun would be secure and that in America, a trustworthy person would manage the financial affairs. If Blanc will place the $?1500 in America, it could later pay from the revenue, if not all, at least part. Chavaete thanks Blanc for his interest in this charitable work. :: VI-1-b A.L.S. French 3pp. 12mo.