Discusses a possible purchase of 300,000 acres of land, and reports that proposals are being drawn up to Knox and William Duer by Mr. [Thophile] Cazenove and Madame de Leval. Assures Knox of his belief that Duer has nothing to do with this purchase, and probably knows nothing about it. Address leaf has calculations written all over it.

Informs Knox that Mr. Cazenove is absent, but is expected this day. all negotiations are suspended until you & he arrives - Extensively discusses business regarding their land holdings especially in regards to Mr. William Duer.

Informs Knox that he has not been able to obtain the deed of land from Mr. Barthlmy de Grgoire, who has run off with the money they already paid. Provides updated information on that land deal, and his attempts to satisfy their creditors. Discusses other business arrangements, including his insistence on their eliminating [William] Duer from their ventures: I am clear with you that Duer must take his name & management out of the business, or he will Damn the most favorable prospects, for I assure you the bare mention of him will distroy every confidence & make us the objects of ridicule. Also mentions a faltering business deal with Madame de Leval, who apparently considers their agreement broken by Knox and will only make new arrangements on her own terms. Plans to try to negotiate another deal with de Leval, but will leave Knox's name out of it. Free stamped on address leaf with no signature.

Encloses the deeds for the two million acre land purchase executed by Flint and himself. Has also forwarded Knox his own transfers for the twenty shares (not included). Will forward Peirce's 20 shares when he is back in town. Says the shares are selling at [Dollar sign]180 now. Notes he has received the [Dollar sign]5,000 from William Duer to make the first payment to the committee. The deeds are likely GLC02437.05043 and .10230.

Reiterates that Mr. Duer and I myself authorized you and Mr. Flint to purchase for us and not for any other person - in relation to a land purchase. Continues discusses the circumstances surrounding the buying of the land. Mentions Madame la Val and that she is still working in New York to see whether any advances can be made her. Watermarked G R under a crest.

Signed and initialed by Jackson. References Knox's letter of 9 March. Tells him not to worry about the sheriff selling the land for taxes, as he heard he has no authority to do so. Says I wish you had closed your business with Mrs Laval as I want your mind relieved from her pressing and unreasonable importunities. Was hoping to receive information on the purchase by Soderstram and McComb as his note to William Tudor is due today. Assumes Tudor will demand payment tomorrow. Will fight Tudor's demands. Reports I expect to be able to obtain an Act of the Legislature respecting the admission of Foreigners in this Commonwealth - and also a modification of the articles of agreement - agreeably to Mr. Binghams memorial on that subject. Says if he can get these two points passed, it will help their speculation. Says some persons from Philadelphia put in an application to purchase a million acres between the Penobscot and Schoodie Rivers. The committee said they were unsure if they had the land to sell. Hopes Knox and Bingham will take measures to pay his [Dollar sign]5,200 note which is due 29 April. Mentions the present situation in Europe makes for good speculating prospects. Informs that other notes are coming due next week for the purchase of Mount Desert from Gregorie. Postscript suggests selling their last purchase if they can make a profit.