Dear Sir!

I have before me yr two favrs of 9 & 16 Inst the Contents of which I duely observe. You have now some Franks to inclose my Nephews Acct have no doubt my Br will think them reasonable, as I suppose the whole years expences is included in your dft. indeed we can scarcely be too frugal in these critical times. The perilous situation of American affairs, keeps most things at a stand particularly Tobo for which I never knew so slack a demand tho' we have very little at this Market. If Messrs Chambers & Eilbacks Cargoe is all from the upper part of James River, we cannot be wrong in buying it at the French price of 3½ P lb with their allowance but it shd be deld in London if required as this is the best port for making the most of the different qualities. The paymts to be in 3 or 4 Mos after delivery by bills on London at 60 daies. I shd imagine the best method would be to get from the lowest term & then one may be able to make judge whether to accept or not and also it may be advisable to strike the bargain before the ship arrives, as it is possible she may bring advices that will raise their demand. 'Tis not likely we can lose by buyg at the above price with the usual alowance on buying at the Mast, but the times are too precarious to venture higher  I am &cー