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BRIGADIER GENERAL ISAAC J. WISTAR - TYPED LETTER SIGNED 01/19/1888 - HFSID 279454

Isaac J. Wistar signed this letter on his personalized stationery in Philadelphia in 1888 regarding the purchase of a tract of land by the Pennsylvania Railroad Company. Accompanied by an interoffice communication by the president of the Pennsylvania Railroad Company on this purchase.

Sale Price $637.50

Reg. $750.00

Condition: fine condition
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ISAAC J. WISTAR
Isaac J. Wistar signed this letter on his personalized stationery in Philadelphia in 1888 regarding the purchase of a tract of land by the Pennsylvania Railroad Company. Accompanied by an interoffice communication by the president of the Pennsylvania Railroad Company on this purchase.
Typed letter signed "I J Wistar/ Pa Canal". Pencil notations on verso in unknown hand. 1 page, 8¼x10¾, on Wistar's personalized letterhead as President of Pennsylvania Canal Company and Vice President of four other companies. Philadelphia, Pennsylvania, Jan. 19, 1888. Addressed to George B. Roberts, Esq, President of Pennsylvania Railroad Company. In full: "Dear Sir:- I enclose you the correspondence relating to the Reservoir Lands belonging to the Canal Company, near Holidaysburg, as desired, including your own endorsement upon them, of 17th inst. As usual in all such cases, I consulted the Railroad Officials about the sale of these lands some years since, and understood they had concluded to do without them. After that, we received an absolute offer of $40 per acre for the entire tract, which we declined, the late Mr. Wierman considering that they were fully worth, and would readily bring $60 an acre. We have since been leasing them for farm purposes, deriving a considerable annual revenue therefrom. If the Pennsylvania R. R. would like to control them by ownership, I think the medium price of $50 an acre would be a fair investment adjustment. We could probably get fully that for the entire tract, and a good deal more by selling it out in farms; but I should think that price for the whole tract, from a good purchase, would be fully justifiable. If you so direct, I will cause a deed to be made out, embracing the release of Mr. Wm. J. Howard, Trustee of the Canal Mortgage. Respectfully yours,". Lightly toned and creased. Folded twice and unfolded. Lightly dented at right edge along folds. Otherwise in fine condition. Accompanied by: Autograph letter signed "G. B. Roberts/Pres't". Pencil notations in unknown hand. 1 page, 10¾x8½, on Pennsylvania Railroad Company inter-office communication stationery. Jan. 20, 1888. From Wistar to Charles E. Pugh, General Manager. In full: "I think it would be in to the interests of the Canal Co. to see the Reservoir property, and w [sic] the interests of the Penna. R. R. Co. to purchase it. If if it be found afterwards that it is not need [sic] for use as a reservoir, or for other railroad purposes, the Railroad Company can dis-pose of it. If you are satis-fied with this conclusion, please request Mr. John G. Wilson to negotiate for a purchase, and to bring the nation to the attention of the Real Estate Committee." Lightly toned, soiled and creased. Light impressions in upper left corner. Folded twice, comes folded once. Lightly nicked and dented at top and bottom edges along folds. Otherwise in fine condition. Wistar (1827-1905, born in Philadelphia, Pennsylvania) was part of the 71st Pennsylvania Regiment, rising to the rank of colonel. He was wounded twice at the Battle of Ball's Bluff (Oct. 21, 1861) and again at the Battle of Antietam (Sept. 17, 1862) and was promoted to Brigadier General of Volunteers from 1862 to 1864, when he resigned. After the war, he rose to Vice President of the Pennsylvania Railroad Company and made a fortune in financing railroad building. In 1892, established the Wistar Institute of Anatomy and Biology in Philadelphia with an endowment of $1 million.

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