Letters – Michael Blackett to James Burkin – 13 Jun 1679

Mr  Jam: Burkin and Comp            Newcastle    June the 13th  1679 

Sirs    

I have at last had a meeting with Alderman Brabant, with whome had a a lardge discourse in order to this selling of yr business and defende the payment of Interest <Sticks> very much with Efbrabzanhim, though itt be a thing wch his letters seeme to Comply withal, and he hath desired me once more to move you to accept the payment offered without Interest, he hath been hard put to itt to raise monies to mannadge the Colliery and appears to be willing to give Satisfaction as far as he is able, he hath only a Moiety of the Colliery In his owne right for a Certain tearme of years, and proposed to gain a ¼ of the whole, It is a moiety of his moiety of the Coalmines for the securing the payment of the mony upon his bonds, this is all he can doe, for if he have not ¼ pt in his owne power, to give as Security to any, to advance mony to the Carrying on of the Colliery, the whole will be lost, and if the Colliery be Successful the mony will be well secured, I have brought him to Consent to this, to pay the £100 to me before the Last day of next tearme but more I could not stretch him to nor doe I think he hath strenth att present, to Exceed that Some, I hope all things will be well and to yr Content In the Conclusion, if you will have me to make a full End in the matter be pleased to give your further directions unto 

  MB