Letter – Nicholas Walton to John Holmes – 3 Jul 1770

To Mr John Holmes. 							Farnacres 3rd July 1770



Dear Sir

      We have this day drawn upon you for £136.8.6 being for 450 Ounces of Bullion at 6s . 1/2d and Carriage 9s/9d. There is another Small Piece at Newcastle but whether we shall be able to send it this Week or not we yet determine.

      Mr Walton us much Obliged by your Attention to the Steel Yard and for your information in regard thereto and we are the same for the trouble you have had concerning the Beam; the Value of the Beam may be deducted out of the next Cake of Bullion and youll be pleased to send us the Receipt for it when you acknowledge the arrival of the next Bullion.

      Respecting the risque of the Silver as you say there is none but the insolvency of the Carrier, but you know this is possible. You say you are willing to refer it to us but allege that as the Hospitals Profits are better than yours, you would like the Hospital to bear it. We don't find that making Silver any more than Selling it is the most profitable of all Trades; and youll be pleased to consider that it is only for the Sake of what you give us more than we can Sell it for at Newcastle that there is any risque at all if therefore you give us a penny more and we give or Spend to a penny insurance you leave us where we were however as we apprehend it is for a mutual advantage we think that fairly and honestly the risque should be equally divided, which will in itself be a Kind of Insurance. We are with best respects to yourself and Family

      Dear Sir Your Obliged Hble Servts

      Nich Walton Junr

      J Smeaton







Sir 

Ten days after Date Pay to the Order of Messrs Bell, Cookson, Carr, Airey and Saint One Hundred and Thirty Six Pounds Eight Shillings & Six Pence.

      Value received as advised by Sir your most Hble Servts

      Walton & Smeaton



To Mr John Holmes. Strand London

Delivered the Bank 4July 1770