Letter – Peter Bulman to Thomas Richard Beaumont – 4 Oct 1803

Sir

      Having this Day completed the Arrangement of the Tyne Iron Co's. Affairs which I mentioned in my Letter of yesterday by the Parties having signed a Dissolution of Partnership and expected an Assignment of their Shares in the Iron Works.

      I hope I shall succeed in asking your Indulgence to the following Proposals, viz, to pay immediately on the Creditors agreeing to my Letters of Licence 5/ in the £  5/ more the 5th April   5/ the 5th July & 5/ the 5th October.

      As this first payment is made intirely by the kind Assistance of my Friends lending me £20,000 which is at this time raised by considerable Exertions on Condition that I can procure my Letter of Licence.     I hope I shall not ask in vain your Support, particularly as I can assure you I was ready to fullfill my Part of our late Proposals the failure of my Partners in which has obliged me to take the whole Concern upon myself.

      I am authorised to inform you that if I am so happy as to obtain the general Assent of the Creditors, I am promised further Assistance to a considerable Extent which will only be advanced as well as the first 20,000£ on Condition that the Creditors will accept my Proposals as I shall commence paying in London instantly upon receiving their Acceptance to my Proposals

      I hope you will favour me with your early reply directing me where to pay the Money in London and I shall ever esteem myself

      Sir,  Your most grateful and obliged Serv.

                    Peter John Bulman

                    

Newcastle Oct. 4   1803



PS   I go to London tomorrow morning I request the favor of your addressing me at the York Hotel Bridge Street  Bl’k Friars