Dear Sir!
I only recd yr oblig: favor of the 1st Inst on the 6th & note its contents. A Duplicate of yr Occot: agst my Nephews shall be sent to my Br as soon as an oppty offers which may not be these 9 or 12 Mos, therefore if any quicker conveyance to the Virga side of Poto[mac] or Rap[hannoc]k shd happen from yr Port, it will be esteemed very obligd: in you to forward a duplicate yourself. The dft: to S. Potter £45.11.3 is this day paid. The price of Tobo is already so high that a speculation is dangerous, for if a moderate qty is imported, the value cannot increase ー Sir Robt Herries is now selling merchantable at 3 3/8 & good at 3 5/8 P lb: he has abt 1000 hhds on hand; no other person has any thing worth mentioning, still the demand is so small owing to the State of the European markets, that Sr Robts Tobo goes off slowly. Notwithstanding I am of opinion something may be made of Mr Chambre's Tobo at the price of 3½ P lb; deld at the Kings Scale in London allowing as is usual 12 dft & Sample with the Trett. The Buyer to appoint his own Cooper & Broker ー to abate ¼ P lb on the price for every Hhd that is cut 100lb & upwards ー 2 P Ct Disct to be allowed on the purchase & to be paid by bills at 60 daies after the delivery in London or 3 Mos after the Ships Arrival & report here ー Bills on me acceptd at 3 Mos will be readily discd On this plan you will observe the Ship must not enter at Whitehaven but come round immediately to London & the supposition is, that her whole Cargoe is from the upper Warehouses on Jams River none below Appomattox. I expect a Ship of my own in 15 or 20 daies from Virga therefore shall fear being pushed in the paymt for Messrs Chambre & Cos. Cargoe, unless you can help me out of it shd be requisite; for most of my Tobo will be for Home Consumption & will consequently require a large Sum for paymt of the Duties. If on maturely considering what is premised you chuse to engage on the terms mentioned, with Messrs Chambre & Co I will be one half concerned with you in the same Should it be absolutely required to name a Broker, before the Bargain is compleated ー You may mention Mr T. Williams who is well known to many Gent in Whitehaven.
The papers will tell you our proceedings in Common Hall, Yesterday for the first time, the Common Council of London agreed to address the Throne on American Grievances & to pray a Suspension of Hostilities ー Their address &c will be delivered some time next week ー The truest & latest American intelligence you will find in the Public Ledgers of this Week I am &cー
