since my letter of the 4th Inst inclosing a sketch on the difference between continuing G K’s $8,000. Penna Bank stock, with its being made sale of a 40 ⅌Ct and converted into the New Loan, a 88 for $100—bearing 8 ⅌Ct—I was induced to apply Thro a friend to a Mr Parker a Clerk in the Treasury departmt a Gentn well qualified—with Calculations on finance—Copy of his statemt with a Counter one of mine—with my several Minutes—on the probable result Accruing—from all such well regulated Established Institutions (barring unforeseen accidents.)—I am still compelled, to adhear to the latter—for the several reasons—therein assigned—

still however—you will be pleased—on your close examination—to determine for your self

from 800 a $900. ⅌ annm1 instead of $762—without any extra exps or trouble—in making Sale of the one, and placing it in the other—with the loss of Int. on both, from 2 a 3 Mos for although you pay the whole Amt at Subscribing—you are not allowed an Inst2 but on the sum Stated ⅌ Instalmt would not be less—I presume than ^⅛ of the $762—⅌ annm3 say ’95 to $100—

my hoarsness & cold—tho much abated—have not quite left me—but I promise my self soon, to have the Honor of presenting your letter &c to the Secty of war—for the good purpose, mentiond in your favr of the 22d Ulto—