Sir,

I am willing to hold an Eighth Share of your New Ship Putnam¹ Commanded by Cap^t. Thomas Allon; And As you cannot as yet assertain her Cost & outfits, I shall leave it between said Cap^t Allon And you to fix the Sum I am to pay for it which I hereby promise to Confirm.

For payment of my said Eighth I have put into the hands of Cap^t Andrew Breedin the Sails—rigging—Cables And Anchors of two ships now Laying in Providence for sale; with orders to pay the money into Cap^t Allons hands for your use As fast as it can be collected.

I am desirous of holding a quarter instead of an Eighth in the Putnam, but as I must first Consult my partners in Carolina, I purpose writing them immediately for their consent, and hope in about six weeks to obtain it, in which case I shall write you further and order the payment of such further share into your hands—I am Sir [&c.]