Letter – Henry Richmond to William Darwin – 23 Nov 1770

To Mr Darwin  Greys Inn  London                                   Newcas.   23rd   Novemr 1770

   in  London



Sir     Inclosed is Bell Cookson & Cos. bill on Glyn & Hallifax  for Four Hundred Pounds, as above; which I desire you will place to my Account & advise me of the receipt of.  This £400 is part of my Sister Lowthians Fortune, & was, on her Marriage, settled in Trustees, of whom I am one; & having been lately lent on Mortgage in my Name, & now paid in again, My Sister has approved and consented as she has a power to do by the Deed of Separation , that this Money shall, to prevent further Changes be vested in the public Stocks, & remain there for the uses contained in the Marriage Articles.  I have for that purpose sent it to you & desire you will inform yourself, & then advise me, which of the Stocks will best answer the End proposed, I mean rather of securing the Principal than obtaining the highest present interest.   I am told the  3 p cent Consolidated Annuities are the likeliest to do this; but shall in a great measure be governed by what you advise.  This may be determined on, I hope, before the Bill becomes due, & that we may get the Money vested with as little loss of time to my Sister as possible after you are in Cash for the Bill .  You will be so good therefore as get the proper Instrument sent down for me to execute; and consider to whom the power of accepting etc (but not selling) should be granted.  I say this because I do not know how to ask it of you to receive the dividends Yearly tho’ My Sister will willingly pay your Expence and trouble in doing it & I shall think myself obliged to you.  I hope you reced my Letter of the 14th instant - the Mail was taken from the Boy between here & Durham, but returned to him, as the Scotch Bag was not in it.   PS.  What Expence you may be at in negociating this Matter you will place to my Account,     I am etc    HR



£400 .  . Newcastle Bank  23rd   Novemr 1770

Twenty days after date pay to the Order of Mr Henry RichmondFour Hundred Pounds           Value received For Bell Cookson Carr Airey & Self Jos. Saint

Pay the Contents to Mr William Alvey Darwin or Order value in Acct. Hen Richmond

Messrs  Glyn & Hallifax London                               

No  33787