American statesman (1759–1817) who served as Secretary of the Treasury under James Madison. ALS signed “A. J. Dallas,” one page both sides, 8 x 10, February 10, 1798. Handwritten letter conveying his opinion on a mortgage, in part: "The question proposed is— 'If Mr. Pratt sells and assigns his Notes and interest in the mortgage to A.B., and A.B. sells and assigns the same to the Mortgagor (the original instrument of Mortgage accompanying the several transfers) will it impair the rights of the Holders of the other Notes issued…not the property of Mr. Pratt?' The answer:—Mr. Pratt has, unquestionably, a right to sell and assign his notes and interest in the Mortgage…whoever takes such assignment, with the original Mortgage would be considered in Equity as a Trustee for the Holders of the other Notes, after satisfying the notes belonging to Mr. Pratt, independent of the positive provision for returning the original Mortgage." Impressively cloth-matted and framed with a portrait and plaque to an overall size of 34 x 22.5, with a window in the backing for viewing the reverse. In fine condition, with minor paper loss along the folds and hinge.
This item is Pre-Certified by PSA/DNA
Buy a third-party letter of authenticity for
(inquire for price)
*This item has been pre-certified by a trusted third-party authentication service, and by placing a bid on this item, you agree to accept the opinion of this authentication service. If you wish to have an opinion rendered by a different authenticator of your choosing, you must do so prior to your placing of any bid. RR Auction is not responsible for differing opinions submitted 30 days after the date of the sale.
