[Extract]

I have not received any Goods from you or him ² Neither have I heard of any being sent by you either for this place or the West Indias, if you have from any cause that I am unacquainted with Neglected doing it, You may have leisure to repent hereafter that you missed so fine an opportunity of making a Fortune, the prices of all Imported Articles have been enormously high, I coud have sold any quantity of European Manufacturies for 500 to 700 pCt and bought Tobo for 25 /to 30 / pCt it is not yet too late, but Goods are becoming rather more plenty & Tobacco is rising, but there is plenty of room to make as much Money as you please, and if Insurance cou'd be obtained in Europe it might be reduced to a certainty even if you gave a premm of 50 pCt which however is vastly too high I think some good hand might be found to go over to London & manage such Insurances there, they love high premiums & will insure any thing for Money but this wou'd really be to their advantage as I dont think we have lost above a fourth or at most a third of the inward bound Vessells.

I am sorry to tell you there are now two or three British Men of War in Chesapeak Bay, they have taken the Ship Farmer, Cap Dashiel which had onboard 500 hhds of Tobo on the Public Account & 50 hhds on my Accot was bound for Nantes Consigned to Messrs Pliarne Penet & Co they have for the present blocked up several others there but we shall get them away by & by, some ships have lately got away from hen[ce] and we shall keep waiting all opportunities to push remittances to you. I do not like to enumerate the different Concerns going forward because it opens our designs to the Enemy should the letters unfortunately fall into their hands