James Madison Papers

To James Madison from Maury & Latham, 2 October 1821

From Maury & Latham

Liverpool 2 Octor 1821

Sir,

Enclosed we beg to hand you the valuations of your Tobacco per Glide—also the account of some which have been sold—to which we may add No. 14 @ 4¾ d.

The Tobacco is certainly good, but our manufacturers run now entirely upon long leafed perfect in the points &c; for such we are getting 7½ & the writer knows that your land will produce as fine as Mr Rives1 in Nelson.

We would recommend your planting in future the Big Frederick or some large description for really this parcel sells below its intrinsic value from prejudice.

Your Bill for £250 has appeared & met due honor.

We are now holding your Tobacco for ¼ d advance owing to the loss of a Cargo off our Port.

We think there is no prospect for our Ports opening to Flour now & would advise your selling in preference to holding.

We have sent you the annexed circular merely supposing that the view of our operations in your great Staples might afford you some amusement. We have the honor to be Sir Your most obedient servant[s]

Maury & Latham
per William Maury

4 Octr. Tobacco has rather advanced & we sold 1 Hhd No. 13 @ 4¾. We hold the remaind[e]r at that price.

[Enclosure]

28 Sept. 1821

Weights & Valuations of JM 14 Hhds of Tobacco P Glide on a/c of Mr. Madison.

Value No. Cwt yrs ℔s
3¾ d 1 11 3 26 } ordinary quality, rough & strong
" 6 11 1 22
" 10 11 3 7
12 12 2 1
" 13 11 "
11 11 3 16 rather better
4¼ to 4½ 4 12 3 6 strong useful leaf, rather soft
8 12 " 12 } ditto, & a little better
" 9 13 " 16
3 12 1 21
2 11 3 2 sold at 5d
5 10 1 26 sold at 4¾
7 11 2 " sold at 4¼
4¾ d 14 10 3 7 good planter’s stem’d
165.2.25 Total Landing weight or 18,561 lb.
Shrinkage 17 lb.p hhd 238   "
Nett Sale weight 18,323   "

RC and enclosure (DLC). RC addressed by William Maury to JM, and franked. Postmarked 19 Nov. at New York. Docketed by JM. Filed after James M. Bell to JM, 25 Sept. 1821. JM made figure calculations in the lower left margin of the enclosure.

1This was probably Robert Rives (1764–1845), a Revolutionary War veteran, proprietor of the plantation Oak Ridge in Nelson County, Virginia, and the father of William Cabell Rives (Alexander Brown, The Cabells and Their Kin: A Memorial Volume of History, Biography, and Genealogy, 2d ed. (Richmond, Va., 1939), 236–44).

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