These are the outlines of a proposed grant, which you see contains more than 25,000,000 acres of land, the one fifth of which, if a settlement is carried on vigorously, will soon be of prodigious value. At this time a company might be formed in France, Germany, &c. who would form a stock of one hundred thousand pounds sterling, to defray the expense of this settlement. By such a step, you, in the first place, extend the circle of your connexion and influence. You increase the number of your inhabitants, proportionably lessen the common expenses and have in the reserve a fund for public exigencies. Further, as this company would be in a great degree commercial, the establishing commerce at the junction of these large rivers, would immediately give a value to all the lands situate on or near them within the above extensive description, and future grants might admit of larger reserves, amply sufficient for defraying the expenses of the war, and possibly for establishing funds for other important purposes. It may be objected that this is not a favorable time for such a measure. I reply it is the most favorable that can happen. You want money, and by holding up thus early to view a certain fund on which to raise it, even the most certain in the world, that of land security, you may obtain the loan and engage the monied interest of Europe in your favor. I have spoken with many persons of good sense on this subject, which makes me the more sanguine. As to a loan, I will now dismiss this scheme to speak of that, only adding, or rather repeating what I have in a former letter written, that a large and generous allowance ought immediately to be made to the officers and soldiers serving in the present war, in which regard should be had to the wounded, the widows or children of those that fall, and to the term or number of campaigns each one serves. This will make the army consist literally of a set of men fighting for freehold, and it will be a great encouragement to foreigners, with whom five hundred or a thousand acres of land has a great sound.