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Feby 21st 97 My dear Sir, I have seen Sir Wm Ridley and Mr. Burdon this morning who mentioned to me the circumstances of the Banks at Newcastle having had a great run upon them & that Mr Brandling had wrote down as his rent day was near at hand for any Bills that might be offered, to be taken as usual in payment. As the stopping of the Payments at the Banks does not arise from the want of capital but from the want of specie I hope it will only be a temporary embarrassment, & therefore hope you will not suffer much in the way of Business. You will please to use your own discretion in the way of receiving the Bills, but should think it highly necessary for persons of property in the County to give all possible assistance in giving Credit to the Banks, for should there be any serious alarm in the Country we should be most terribly embarrassed was the paper Credit hurt. Inclosed I send you another letter respecting Kidd &c. if what is true Mr Emerson is surely to blame, but I can not suppose he would stand it much in his own light. It is reputed that the French have been seen in the Coast but I don’t hear anything authenticated. I am happy to say Mrs Beaumont and the Children are very well. She writes with me in best respects. I am My dear Sir Your sincere Hble Servt. Tho. Rd. Beaumont.
