Unsigned, but the handwriting suggests the author is Henry Knox. Discusses financial transactions related to their land speculation venture.

Writes to discuss their business arrangements. Feels upset to hear about Smith's recent financial embarrassments, and hopes the rumors are untrue. Mentions a business letter he wrote to Mr. Hammond, a colleague of Smith's, and assumes Hammond told Smith about the letter's content.

Does not know why Colonel [William Stephens] Smith has not called on [Randall] for the acceptance, but hopes Randall will let Knox know when he finds out. Discusses making arrangements for paying his brother William's bills, and other financial issues.

Discusses financial business regarding bills.

Writes that he believes, from Smith's recent letter, that he would like information on the likelihood of the result. Suggests that certain principles must dictate a different arrangement from the one you contemplated. Trusts that Smith will act with the utmost propriety. (May be alluding to Smith's upcoming departure from America; see GLC02437.05251.).