Letter – John Erasmus Blackett to Alexander Davidson – 5 Nov 1803

Document Type: Letter
Date: 5 Nov 1803
Correspondent: John Erasmus Blackett
Recipient: Alexander Davidson
Archive Source: TWA DF HUG 149
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Alexr. Davidson Esq				Newcastle 5th. Novr. 1803.

St. James’s Square London.			

My Dear Sir

       I have the Favour of your Letter of the 2d. Inst. & observe that Col: Beaumont has opened an Account with your Bank for the transacting the whole of his Business for the future in the Manner which you describe, which I assure you is a great Satisfaction to me; but I have some Doubt whether the Bank of Sir Wm. Loraine & Co. after having accepted of the Terms proposed to them by Mr. Bowns, will think it an Object worth their engaging in, to transact Col: Beaumonts Money Concerns at this Place in the Manner which you propose.

       At the great Lead Pay, as well as the monthly Mine Payments of between two & £3,000 – in Notes, one half, & probably three parts, instead of circulating in the Country as formerly, will probably come back to them in a Week or ten Days, for which they are under a Necessity of either paying Cash or Bills on London at a very short Date, ten or fourteen Days; this they have already experienced.

       The Balance at present in the Bank of Sir Wm. Loraine & Co. in favour of Col: Beaumont will not be £200; they have Bills which will become due the end of this Month, which may about answer for the Payments at that Time; the same will be the Case in Decr.; I would beg leave to recommend that the Balance should then be finally struck, & the Amount, with such Bills as I may possibly receive at that time be remitted to your Bank, to which I sincerely wish every Success.   I am &c. –J.E.B.

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The Dukesfield Smelters and Carriers Project aimed to celebrate and discover the heritage of the Dukesfield Arches & lead carriers' routes between Blaydon and the lead mines of Allendale and Weardale. A two year community project, it was led by the Friends of the North Pennines in partnership with Hexhamshire and Slaley Parish Councils and the active support of Allendale Estates. It was funded by the Heritage Lottery Fund and the generous support of other sponsors. Friends of the North Pennines: Charity No:1137467