Letter – John Erasmus Blackett to Charles Bowns – 8 Oct 1803

Document Type: Letter
Date: 8 Oct 1803
Correspondent: John Erasmus Blackett
Recipient: Charles Bowns
Archive Source: TWA DF HUG 149
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Charles Bowns Esq					Newcastle 8th. Octr. 1803.

Darley Hall

near Barnsley, Yorkshire		


       I am favoured with your Letter of the 1st. Inst. and observe the Contents.

       The Bank of Sir Wm. Loraine & Co. have agreed to transact Coln. Beaumont’s local Business on the Terms that you proposed, but there is not a Probability that the Deposit of £5,000 can possibly be made for several Months; they have not at present quite £200 – of Coln. Beaumonts in their Hands besides a Bill on London for £4,454 -11-11 which will become due the 12th. Decr. next, & will answer for the Subsistence, Lead Carriage Pay &c. that Month, other Receipts for Lead &c. will about answer the several Payments for this & the next Month without having Recourse to the Bank.    The Affairs of the Bank of Surtees’ Burdon & Co. I am sorry to say are not likely to be soon settled, but I understand that three of the Extents are already satisfied & the last is in a Way to its Discharge; the Committee have disposed of the Surtees’ Share of Cowpen Colliery & of the Lemington Iron Works, & are relieved of the floating Paper of that Concern. – Mr. Burdon has disposed of a Fishery on the River Tweed to Mr. Davidson for £12,000 - & he is about disposing of his House in Town and other Property.   The former Proposal for the Purchase of the Lemington Iron Works went off owing to Mr. J. Surtees, & the Committee have been under a Necessity of disposing of that Property on Terms less beneficial, one fourth to be paid in the Course of a few Days, the Remainder by Instalments at 3,6 & 12 Months, which Sums shall on the Receipt be remitted to you.    Should the Bank of Surtees’ Burdon & Co. be declared Bankrupts, every Advantage that may arise from the Arkendale Mines would be lost.

       The present Demand for Lead is small; I have sold small Quantities at £32 & £33 p[er] Fo[dde]r. but in the present Situation of the Trade, it is not in my Power to make more advantageous Stipulations for the Payment.   I believe that Coln. Beaumont has Thoughts of making a Change of the Bank of Mess. Ransom Morland & Co. for that of Alexr. Davidson Esq & Co.  I am JEB

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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