|Cunningham, Waddell to Hyde & Hamilton, 1756
|Letterbook of Greg & Cunningham_1756-1757 [T. Truxes]
|Hyde & Hamilton
|To Hyde & Hamilton, Manchester
10 May 1756
I am favoured with yours of 9th December & 6th January & observe
Gum Seneca is not to be got here at present. There was a Large Parcel
brought here from the Coast which was shiped to London. I dont know
of any expected soon, yet I would be glad to know if any should drop in
what would be prudent to give for it.
Agreeable to your desire, I applyed to Messrs. Wallace & Bryant for
payment of the Draft of theirs of £140 on Mr. Hillhouse you returned
Protested, & for the charges of Protest & Damages on it, & received for
Answer as follows:
Your favour of the 23rd April is before me, & after due consideration
I give my reply.
You demand on the part of Messrs. Hyde & Hamilton of Manchester
that a Bill drawn by us on London to pay them for goods bought by us on
credit being Protested be made good to them with Damages &c. This I
take to mean 20 per Cent Damages allowed to the owners of the Bills
remi ted from home to London &c. in like cases. If so, those Gentlemen
must be mistaken, for they were not owners of the Bill, stood no risk, &
consequently coud suffer no other ways then by delay of payment of the
Debt. I further say, if they seek this advantage, their intentions are mean, scandalous, as well as rediculous, the Claim being void of equity or Law to support it. But if the original sum augmented with Interest & Charges is sufficient, you shall be remitted. In either Cases, please set down the sum expected. The damages of Tweniy per Cent will be contested. The Loss of the first sum by Hillhouse is too much. Signed, George Bryan.
In answer to this Letter, I wrote them [that as] I looked upon it, you
had A just demand to the damages, but that if they would remit me the
Original Sum with 7 per Cent Interest from the date of the Protest to the
6th August & the charges of Protest & Postage, I would put up with it
till I heard from you. This They have agreed to do & to leave the further
damages to arbitration,7 if you desire it. They have remitted me A bill
of £80, now enclosed, & promise to send the remainder next Post, which
shall be forwarded you by first opportunity. I hope youl approve of this
I shall pay the greatest regard to your Interest in executing the order for
the Cotton, if it comes within your limitts.
If I cant execute your order for the Logwood this Month, shall remit
you £250 Sterling which I hope will nigh balance what I am due you with
what Mr. Haliday will pay you & Captain Stewart9 remit you from Jamaica
by the Ross.
I have offered your quantity of Logwood at £9.10.0 per ton.
I have now to inform you that Mr. Thomas Greg & I are in Partnership
in the bussiness Carried on here from the 1st May. The Firm of our House
is annexed. I hope for the continuance of your favours to us. You may
always depend upon the utmost care for your Interest. WC
per 2d & 3d Packet