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Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)Drake, Francis S. (Francis Samuel)

History

Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)

Name: Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)
Author: Drake, Francis S. (Francis Samuel)

Drake, Francis S. (Francis Samuel)

Boston Tea Party, 1773; Tea tax (American colonies)

In consequence of my conversation this day, with the gentlemen of the
Committee of Warehouses, relative to the rate of exchange from Boston, I
beg leave to confirm the offer I made, of abiding by the standard
exchange of L133 6s. 8d. currency for L100 sterling, upon an allowance
of 2-1/2 pr cent., with the proviso of the intended exportation being
made by way of experiment, that is not exceeding 500 chests to Boston,
before the success thereof is known.

                              I am, gentlemen,
                                        Your h'ble serv't,
                                                           WM. PALMER.

Devonshire Square, 22 July, 1773.

To the Hon'ble the Court of Directors, &c.

       *       *       *       *       *

Sirs:

It is so perfectly contrary to all mercantile usage, to fix a certain
rate of exchange for commission business, that we must beg leave to
decline making any further proposals for your intended consignments to
New York and Carolina, because the revolutions in all exchanges cannot
be foreseen. We have known the New York exchange at 168 & 190, at
present it is 177-1/2, the par between Philadelphia and New York is, as
160 at the former, to 170-2/3 at the latter.

If you should hereafter adopt the regular and usual mercantile form--of
receiving your remittances at the current exchange of the place at the
time of remitting, we shall be obliged to you for your consignments to
Messrs. Hugh and Alexander Wallace, of New York, and Samuel Chollett, of
Charlestown, South Carolina, for whom we will become security for the
usual commission of guarantee of 2-1/2 pr cent.

                    We are, sirs,
                           Your most obd^t h'ble serv^ts
                                                  BOURDIEU & CHOLLET.

Lime Street, July 23^rd 1773.

       *       *       *       *       *

Sir:

The Committee of Warehouses of the East India Company desire you will
meet them at this house tomorrow morning, at eleven o'clock, relative to
the exportation of tea to America.

                           I am, sir,
                                   Your most obd^t servant,
                                                            WM. SETTLE.

East India House, 29^th July, 1773.

  TO WALTER MANSELL,
     WILLIAM PALMER,
     BROOK WATSON,
     JONATHAN CLARKE,
     JOHN BLACKBURN,
     FREDERICK PIGOU, Junr.,
     WILLIAM KELLY,
     SAMUEL WHARTON,
     GILBERT BARKLEY,
     GEORGE BROWNE.

       *       *       *       *       *

Sir:

I am directed by the Comm^tee to acquaint you that the Court of
Directors of the E.I.C. have agreed to ship for _Boston_ three hundred
chests of tea, and consign to your correspondents an equal proportion
thereof, of which please to inform them.

Shall be obliged to you to acquaint me the firm of your correspondents
at _Boston_. I am, sir,

                                 Your most hum. serv^t
                                                    WM. SETTLE.

Public-domain text, read in full here on John Shaqi.

Opening the text

History

Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)

Drake, Francis S. (Francis Samuel)

Boston Tea Party, 1773; Tea tax (American colonies)

In consequence of my conversation this day, with the gentlemen of the
Committee of Warehouses, relative to the rate of exchange from Boston, I
beg leave to confirm the offer I made, of abiding by the standard
exchange of L133 6s. 8d. currency for L100 sterling, upon an allowance
of 2-1/2 pr cent., with the proviso of the intended exportation being
made by way of experiment, that is not exceeding 500 chests to Boston,
before the success thereof is known.

                              I am, gentlemen,
                                        Your h'ble serv't,
                                                           WM. PALMER.

Devonshire Square, 22 July, 1773.

To the Hon'ble the Court of Directors, &c.

       *       *       *       *       *

Sirs:

It is so perfectly contrary to all mercantile usage, to fix a certain
rate of exchange for commission business, that we must beg leave to
decline making any further proposals for your intended consignments to
New York and Carolina, because the revolutions in all exchanges cannot
be foreseen. We have known the New York exchange at 168 & 190, at
present it is 177-1/2, the par between Philadelphia and New York is, as
160 at the former, to 170-2/3 at the latter.

If you should hereafter adopt the regular and usual mercantile form--of
receiving your remittances at the current exchange of the place at the
time of remitting, we shall be obliged to you for your consignments to
Messrs. Hugh and Alexander Wallace, of New York, and Samuel Chollett, of
Charlestown, South Carolina, for whom we will become security for the
usual commission of guarantee of 2-1/2 pr cent.

                    We are, sirs,
                           Your most obd^t h'ble serv^ts
                                                  BOURDIEU & CHOLLET.

Lime Street, July 23^rd 1773.

       *       *       *       *       *

Sir:

The Committee of Warehouses of the East India Company desire you will
meet them at this house tomorrow morning, at eleven o'clock, relative to
the exportation of tea to America.

                           I am, sir,
                                   Your most obd^t servant,
                                                            WM. SETTLE.

East India House, 29^th July, 1773.

  TO WALTER MANSELL,
     WILLIAM PALMER,
     BROOK WATSON,
     JONATHAN CLARKE,
     JOHN BLACKBURN,
     FREDERICK PIGOU, Junr.,
     WILLIAM KELLY,
     SAMUEL WHARTON,
     GILBERT BARKLEY,
     GEORGE BROWNE.

       *       *       *       *       *

Sir:

I am directed by the Comm^tee to acquaint you that the Court of
Directors of the E.I.C. have agreed to ship for _Boston_ three hundred
chests of tea, and consign to your correspondents an equal proportion
thereof, of which please to inform them.

Shall be obliged to you to acquaint me the firm of your correspondents
at _Boston_. I am, sir,

                                 Your most hum. serv^t
                                                    WM. SETTLE.

Public-domain text, read in full here on John Shaqi.

Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)

Tea Leaves: Being a Collection of Letters and Documents relating to; the shipment of Tea to the American Colonies in the year; 1773, by the East India Tea Company. (With an introduction,; notes, and biographical notices of the Boston Tea Party)

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