Discusses their shaky situation with land speculation. Mentions the committee's desire to hold me strictly to every point and condition of the agreement. Reports having trouble collecting money owed to him, and believes some of their financial associates will take advantage of their weak position. Mentions that Mr. de Grgoire has disappeared ever since I tendered him the money, so he plans to use the law to make Grgoire uphold his end of a previous agreement. Continues to discuss a variety of business affairs concerning their land.

Expresses worries over their situation with making payments on their contract and Knox's business with William Duer. Continues to discuss their financial situation and developments in their land speculations.

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.

Forwards a copy of a journal kept by a Mr. Pierpont, one of the surveyors of the Maine lands (journal not included). Comments on the success of an acquaintance's land speculation and continues to discusses similar business.

Informs Knox that Madame de Leval has yet to arrive and he is at a loss to determine where she is or what after. Notes if she does not arrive soon it will be too late to make an establishment this fall that will give strength and consequence to the settlement. Mentions Knox's other business matter (land deals) is progressing nicely so far and that he is looking for trustworthy people to survey the lands. Comments the search for such men has been rather difficult so far. Continues to discuss financial business.