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Mrs Beaumont under Cover to Newcastle 21stMay 1804
Colonel Beaumont Portman Square, London
Dear Madam,
I thought it necessary to acquaint you that the Box contained no more than £250 in Dollars, I shall therefore expect a further Sum of £250 by the waggon the End of this Week as you mention sending £500.
I this morning rec[eive]d from Easterby Halls & Co. three Bills amounting to £1,523-3-10 due in Sept & Oct which I shall by this Post send to Messrs Glyn Mills & Hallington on Colonel Beaumont’s Account; Messrs Walkers Partner, Mr Parker is in London, on his return Bills will be got from him for the Amo[unt] of Lead sold, & f[ro]m Mr C. Blackett on Thursday. I have by this Day’s Post received Bills from Messrs Reads & Lucas of Sheffield for £426-1-10 for fine Silver, which shall be sent to Messrs Glyn & Co on the same Account.
Mr Miles who I mentioned in a former Letter to have contracted with the India Company for 2,000 Tons of Lead at £25-10 -0 per Ton, I understand purchased that quantity of Lord Grosvenor’s Agent at £24 per Fo[dder] & made Mr Ellill an Offer of 1,000 Tons at the same Price, allowing him Commission, which Mr Ellill declined; The India Company it appears have changed their Mode of purchasing their Lead; instead of advertising for Offers as formerly, they employ Agents to make the Purchase; I look on Mr Miles in that light, as I do Mr Irving ( who Mr Paris recommended) his Partner I believe is one of the Bank Directors; The India Company I am well informed will have Occasion for between 2 to 3,000 Tons more against the next Season; It is very probable that there will be an advance on the Welch Lead; but at all Events this Demand will take it all ( or the greater part of it) out of the Market; The London Houses must in Consequence of it, be supplied from the North which will be the Means of keeping up the Price of Lead; son on the whole I am of Opinion that the large Quantity of ELCH Lead which will be secured etc. tho[ugh] at a reduced Price, will be a Benefit to the Lead Trade in this Country.
I am etc. J. E. B.
