Dangos 3623 canlyniad

His hope that there is nothing in the articles of recipient's partnership with the Chepstow (bank?) concern to hinder his determination that William Crawshay and Son shall issue their own notes at Merthyr and Cardiff; the ability of the market to absorb all Cyfarthfa's output at present prices; personal. [Footnote: Routine advices from the London House].

Instructions to pay off at once what is due from Cyfarthfa and Hirwaun to Pierce & Co. (the bankers), as he is resolved to issue his own notes. Routine advices and instructions.

His difficult position between the London House and the Works; his intention that recipient should complain about and even reject unprofitable orders; his hope of a fixed code of prices between the House and the Works. The clearance of the old stocks from Cardiff.

An emphatic order as to the prices to be put on various small iron and extras in spite of Guest's and Hill's desire for an advance these people will not really charge the higher price; a statement of stocks in hand - his alarm over the thieves in the Cyfarthfa counting house.

Routine advices and insturctions as to execution of orders, together with an extract from a letter of John Addenbrook, relating to a strike by miners at Bilston.

Concerning the prices of various small iron and extras to whose advance he does not object if it is adhered to by recipient's neighbours. The visit of George Crawshay; routine matters.

His extreme satisfaction with George Crawshay's report and recipient's management, with intimation that he will do nothing to decrease the stocks belonging to Cyfarthfa nor make any arrangements as to relations between Cyfarthfa and the London House in recipient's absence.

Concerning deliveries from the works stock to keep up the assortment needed by the London House, without depletion of the works stock; the quantities and prices for the London House in May; his refusal to lower prices, in the certainty of a rise; and the correctness of his policy of not allowing recipient to go to the Newport Meeting and agree to a price of £7 per ton for the next quarter.

Concerning a rise in price at Cardiff imposed by his London House his policy does not wait upon the assent of recipient's neighbouring ironmasters, although he hopes these will support the advance; the danger of selling to the Bristol middlemen, who undersell the makers, and to whom he will not allow another ton- his determination that the London House shall sell everything that Cyfarthfa can makes and that whatever is sold must be provided whether it comes from the Cyfarthfa or the London House's stock.

Concerning the approaching Balancing of Accounts of Cyfarthfa and the the London House, and the meeting of all partners to decide future plans; the first order at the advanced price; the kinds of iron to put into the stock; Routine matters.

Concerning the deaths of Sam Homfray and E. Forman; being indulgent to the Cyfarthfa men during the oppressive heat; preparing to issue Cyfarthfa's own notes in spite of Pierce's letter; the absence of orders at the advanced price; the visit of Dufand, an untrustworthy Frenchman (the father-in-law of George Crawshay) to Merthyr. Routine advices.

Concerning the irrevocability of his decision to issue notes to replace Pierce's, and his desire to prevent a marriage between Mary (Crawshay) and Wood in which task he requires recipient's cooperation. His intention to give no consent and no dowry and never to see the parties again if they marry. [Vide Letters 126, 127].

A plea that recipient should not cause any hurt by intercession between herself and Mr. Wood, and should express ignorance of Mr. Wood's whereabouts to her father.

G(eorge) Crawshay, London, to William Crawshay (II), his brother, Merthyr Tidvil, to thank recipient for his kindness and hospitality to Dufaud the writer's father-in-law and to protest strongly against his father's jealousy and suspicion of Dufaud as a spy; the presence of Crawshay Bailey in France, perhaps to buy a works; the undercutting tactics of Thompson of Pendarran. Personal, his intention to intercede with Mary Crawshay.

Personal and family matters. Routine advices as to a cargo of bolts for the Russian Government.

Recipient may act according to his own Judgement as to putting in another furnace, although Guest's breach of faith in cutting the price of iron will compel them either to follow suit or stock up with metal; and also as to the Canal Treasureship in which no act of resentment against Pierce should be made. The issue of notes, and the probable financial difficulties of Pierce, Personal.

Routine business matters - acceptance of an order for bolts from Brown Logan & Co. at a low price in conditions of secrecy; the absence of news from Dufaud as to French demand.

His decision to take all orders that come at a lower price than £8 in view of the hypocrisy of Guest and Hill and the others, and in view of his doubt of a French demand. [Inscribed on Letter 171(a)].

A visit of David Williams (of Price & Co. bankers) who has revealed the inability of his firm to convert its note-issue into cash, and who requires a year's notice to call in the firm's loans bonds and notes, has not weakened his decision to replace Perce's notes with his own as soon as possible. The extent of the notice to be given to Pierce and Co. will depend on their frank revelation of their position. His shame at having supported an inconvertible issue.

His strong protest against inconvertible paper issue, notwithstanding which he consents to give Pierce & Co. until March 1823 in which to withdraw their circulation.