Chavaete, Father P.S. ?, Woumen, Belgium, to Archbishop Anthony Blanc, New Orleans, Louisiana, 1852 January 5

Chavaete received the letter of exchange for 7470 francs, due on February 27. This will pay some debts. For some time the house he built has been occupied by the Sisters and they have 8 orphans. He will put off the other construction until a more suitable time. The land and building has cost 52,000 francs. Blanc wrote in June that he had received a dividend of 1725 francs from the Union Bank and had placed this sum at 6 percent interest. He hopes Blanc will continue to act in like manner. He hopes there will be no upset in America. The insurance company did not pay what Chavaete expected last year. As Blanc said, this revenue is not regular. He leaves it to Blanc's judgment whether to buy more stock in the Bank of Louisiana. Blanc wrote that there would be less rent for the house; Chavaete will try to get rid of it as soon as the Union bank liquidates it or after 3 years. Blanc asks him if he could place 40 or 50,000 francs with a guarantee and mortgage of a church. It is impossible. Blanc said in his letter before last that he might make a trip this year to Europe. Chavaete hopes he will come to his house. :: VI-1-c A.L.S. French 4pp. 12mo.