Letter – Colonel Thomas Richard Beaumont to John Erasmus Blackett – 4 Oct 1803

      Tuesday 4th Oct[obe]r

My dear Sir

Mrs Beaumont & myself are much obliged by your kind congratulations and am happy to say that She & the Child are going on as well as I could wish, we are indebted to You for several letters during her confinement and are much pleased to hear of the Sales you have made I hope to hear of others soon. I thank you for the Statement of the Intrest, I <observe> to Bills in Bank due Dec[embe]r 4454£.11s.11d. which I <imagine> is the Bill in Morlands Bank as it precisely the same & due the 25th Oct[obe]r and not December as T. Crawhall states it. I don't observe the sum of 750 which you was to receive the 5th of <Oct>from the Iron Company being half the amount of the Bill Mr Bowns left with you having so very lately <smarted> from the Stopping of the Bank, I must own I feel alarmed about Morlands, but this much only to Yourself, a great rum is expected to take place upon them, as it is well known they are deeply concerned with Burdon, & the Stratford place Bank is removed into Pall Mall with Davison at their head, & will be most powerful opponents. Mr Davison told me yesterday that before he <entered> his name in the Firm his lawyer had examined their property & found their land was upwards of 53,000£ per An[num] & he showed me a receipt which he had paid in to the Bank for his Share for 165,000£. & from the very handsome manner in which he has behaved to us in offering us money at any time & to any amount I think we cannot do better than make use of their bank wch would be more disposed to accommodate us than Morlands either could or are disposed to do. If you recollect they even hesitated when Burdon stopped to let us have 2000£ at his request on our own Acct. if this Idea shd meet Your wishes & will let us know, we can speak to Mr davison on the Subject, & he will probably come forwards with the proposal, & I think we can get very well off with Morlands, by saying how the very bad state of Burdons Bank, we may probably want a very large sum of money in may for our pays, & we apprehend they would not wish to assist us to that amount, & have therefore made other Arrangements without intending any disrespect to them – could there be any impropriety in my asking them for 4454£.11s.11d.& keeping it in my own possession until it becomes due, & then placing it in Davison's hands the remaining 1400£ I could draw out as I may have occasion for it which is all they have in their hands. I should be glad of Your Answer as soon as you can, as no time is to be lost with Regard to <M-de>. Mr Bosville is alarmed at what he hears & means to change when we do. Mrs Beaumont unites with me in best regards, to Yourself & Mrs Collingwood.

I am My dear Sir

Most Sincerely Yours

Tho. Rd. Beaumont 



Mem[orandu]m

In consequence of an advance of 20 to 50000£ for the month of May, a floating balance of ten thousand Pounds should always exist on the Accounts and every sum above that shall be entitled to Interest at the rate of four per cent we establishing a credit with a Newcastle Bank for this  purpose and to issue to Your orders from time to time such Sums of Money as may be required by You, so that by such an arrangement you would be relieved of <multiple> accounts, having one only with us to be adjusted annually, & whatever Balance of Interest may be due, the Amount thereof to be earned to the Credit of Your Account on 31st Dec[embe]r in each Year.