Dangos 3623 canlyniad

Requests Gwynne's Lease and Agreement to be sent immediately, also furnace and other papers, and estimates and plan relating to the new mill. Mr Taitt wishes the advance in (iron) price to be 40/- per ton, and recipient is urged to bring Mr Hill to the same view; and is instructed to blow in No. 3 furnace, prepare another to follow. Routine business.

Sends the account as requested. Concerning Hall's vacillations and obstinacy. "I have offered Hall £45,000 for his share but he will not sell it. He will stick to me tho' we can never draw well together".

Thanks recipient for his acquiescence in the project to erect the Mill at Cyfarthfa; restates his proposals as to recipient's purchase of part ownership of the surplus rents, and requests a statement of recipient's own ideas on the matter.

A statement of the interest due froth recipient.

Rebukes recipient for untrue and unmerited expressions in his letter to the writer; "let me be quiet and uninterupted and continue so yourself".

Replying to recipient, declares that if later Hall will sell out, he will attend to it; but at present Hall will not sell, cannot be made to sell, and could not possibly be paid. "I want no war with Hall or anyone just now, I have quite enough to think of to pay this £95,000". An enquiry as to whether another furnace can be blown with present resources, and instructions to deliver as much iron as possible, and other routine works matters.

Concerning transfer to recipient of Glamorgan Canal Shares, an Estate above Black Friars Bridge and other items, "in part payment of the Cyfarthfa Property".

Consols cannot be got at 67, and recipient is asked if they can be bought at a higher price for him, or, alternatively, whether Exchequer Bills may be purchased for him.

Instructions as to forwarding of Bills for discounting; as to making bars for April and May; and as to stopping the Romney Metal at the end of June and clearing up the Romney Debt, the Canal Debt and other arrears in the meantime. Concerning Hall's character and his attempt to secure the impounded Chancery Moneys' with which the writer dare not trust him, and which by agreement were to be transferred to Bacon in part payment for the Cyfarthfa interests. If Hall will sell out for £50,000 the writer will not wait an hour to call it a bargain.

Consents to increase in the price of the Romney Metal taken by Cyfarthfa. The Romney Metal will not be taken after June, unless Hall is inconvenienced and wishes otherwise.

Informs recipient that all parties have now agreed that the moneys impounded in Chancery should be transferred to Bacon, and instructs him accordingly. Matters connected with payment of Bacon.

Business and health reasons prevent his attendance at the meeting to discuss the tonnage charged on the River Thames, but he hopes the gentlemen at the meeting will see the propriety of a reduction to enable the South Wales makers to bring their iron to market as well and extensively as the Staffordshire Works.

Advises recipient of the purchase for him of £6,000 worth of "3% Reduced" (Consols?), and of the probable purchase of more. Concerning the Bankside Estate (i.e. Blackfriars Bridge Property) and the impounded moneys.

Directions as to making various entries in the Surplus Rental Account for the purpose of keeping that account "clear and straight".

The execution of a deed (probably Bankside Estate) which is despatched to Mrs Bacon; the offer of Exchequer Bills.

Matters relating to settlement with Bacon for the Cyfarthfa rents.

Personal; concerning the disagreement between recipient and Mrs Fay, the possibility of a Chancery Suit, or of buying out Mrs Fay's share in their concern, for which purpose the writer will not lend any money.

Refuses to accept the Bill drawn by recipients upon Cyfarthfa because of a mistake in the date and because the weight of ore, in respect of which the Bill is drawn, has not been ascertained.

Intimates that he has not the least hope either of employing her son or of obtaining him another situation; he has done enough for him.

Personal; concerning recipient's acknowledgement of quarterly allowances, and conduct in social and business life.