Dear Sir!

I have just recd yr favor of May 20 & am greatly obliged by yr consignmt P the Adventure. In consequence of orders from my Br. R H Lee I had insured for you £1000 in the Adventure but on rect. of yrs. £145 more was added makg. in the whole £1145 wch. in case of loss will cover abt. £1100 nett, Unless yr Tobo is of a very good quality I cannot flatter you with the prospect of gaining as much by its safe arrival for notwithstanding the very alarmg. prospect of public affairs, the price of Tobo. is just as it was some months ago nor do I think it will rise till after Xtmas & then it will depend a good deal on the quantity that is actually made this year, for the buyers will never believe you are in earnest about not shipg, if you make it, untill they experience yr resolution by their want of the commodity; However you may be assured of my exerting myself to return you a pleasing Acct. of Sales. We every day expect to hear of the Spaniards besieging Gibraltar. Shd this be the case a Genl European war will take place in 12 Mos  I am &c