London 4 Augst 75
Gent
I am duely favd with yrs of the 27th Ulto & hold myself obliged by yr care in filling up the indorsemt of the bill. ー I find Mr Russell pd Wm Pierces dft: on him to Thos Blane for £13 the 10th of last Sept wch was indorsed thus ー "Pay the contents to Messrs John Ballantine & Co." "John Waterson" ー Witness for Dimsdale & Co." (a name I cannot make out). Sr Robt Herries has speculated largely in buying Tobo in Virga & Maryld wch wth some Glasgow Cargoes clog this market. The common price is 3½ to 3¾ & very fine 4d wch is lower than any market in Europe. Our ships are dropg in every day wch helps to keep us at a stand, but those who can forbear to sell, in my opinion, will before Xtmas make good Intst for their money. We have not recd of late any material intelligence from America ー but I am sorry to say the designs of Administration agst that devoted Country are as inimical as ever ー they mean to make the brave Highlanders of Scotland & the Roman Catholicks of Ireland & Canada the instruments of their vengeance; therefore, (untill there is a change of Ministers) we must bid adieu to American Commerce. I am &cー
1. William Lee Letter Book, VHS.