To Jaquelin Ambler
Mount Vernon 22d May 1785.
I had the honor to receive your favor of the 12th in time for the meeting; and in consequence of the power given me by you, represented the State on the 17th inst.
I have the pleasure to inform you that the subscriptions (including those in behalf of the two States) amounted to upwards of four hundred shares; consequently the company became legally constituted & incorporated—a president & Directors were chosen—& the business, we persuade ourselves, will be advanced as fast as the nature of it will admit.1 I have the honor to be &c.
1. For the meeting of the Potomack Company, see GW to Thomas Johnson and Thomas Sim Lee, 18 May, n.1.