Letter – John Erasmus Blackett to Diana Beaumont – 14 Oct 1803

Copy of Letter to Mrs Beaumont					Morpeth  14 Octr. 1803



Dear Madam

      I have been favoured with your letter of the 11th inst. enclosing the Mem[orand]um from Mr Davidson, in which I think that he has too far consulted the interest of his bank; In case we make a considerable sale of Lead during the remainder of the Year. I do not at present see that it will be necessary for Mr D’s Bank to advance £50,000 or near one half that amount for the sum which they possibly may advance they will I suppose receive 5 p ct. I should be of opinion that the sum of £5000 as a Balance to remain in their hands very ample and many Banking Houses would consider (with the other advantages) as fully sufficient. It certainly becomes necessary that some arrangement should be made with a bank at Newcastle & such an arrangement has already been made by Mr Bowns with the Bank of Sir Wm Lorrain & Co, as I informed Col. Beaumont in my last letter. I do not see that by Mr Davidsons arrangement I should be in the least relieved of Multiplied accounts nor do I think that the former arrangement made with the Bank of Surtees Burdon & Co should be the least guide or rule for this with Davidson & Co the former one was much too favourable to that bank but I was not privy to it.

      Mr & Mrs Blackett & My Daughter unite with me in respects & best wishes to yourself & Col. Beaumont & I am 

      Dear Madam Your most Obedient & Faithfull Humb. Sevt.

      John E. Blackett