Robert Carter writes to London merchant Micajah Perry, August 26, 1723, directing him to purchase bank stock with Carter's annuity if he will not take the money himself at the interest Carter had proposed. Carter wants to move ahead on this because he plans to give the sum to his younger children. Carter mentions the sum due him in the arbitration settlement with Wise's executors, and that he has written Perry about the extremely poor crop. He also notes that he hopes his tobacco will bring better prices because the crop will be smaller and much had to be thrown away because of the new Act of Parliament banning the importation of stemmed tobacco into England. Finally, he reports a bill of exhchange (not present) that he sends, and that he also sends his account for the administration of John Lloyd's estate for 1722.
I give You a great deal of troublesome Entertainmt.
My last Via
is not above a week old, This brings you my final
resolutions relateing to my Bank Annuity, If it must be returnd
to You & You wll not take it into Yor. own hands upon my proposal,
then my Desire is that You make it [ . . . ] teen hundred pound [ . . . ]
Bank stock, the reason I am so Earnest my Designe being to give it to
my Younger children,
I have already hinted to You the Accot. my Son
me of one hundred & Eighty pound Orderd into Yor. hands by the arbitra=
=tors between me and Wise's Execrs.
I have also acquainted You wth. the great destruction
there is among Our Tobo. in all parts of the Country that I hear from
I cannot think there will be much above half Crops & that to be
sure will be mean and Spotted, & yet I dare not give any direcs.
Abot. keeping my Tobo. having Smarted so severely upon that Accot.
of late Years, I believe the News both from Virga. & Maryland is genly.
of this strain & our Naval Officers tell us, there was not neer
so much Tobacco went out this Fleet as the last, add to this the Time
is Expireing for stemming Tobo. Surely all these things put to=
gether will make me some amends for the poor prices I mett
with last Year, Your reasons to the Parliament are now to a
Demonstration upon us, a great deal of good lugg Tobo. must
be hove away which we cannot tye in==to Bundles.
Herein is a Bill of Exchange for £16"6"10 drawn by Mrs.
Colston upon Yourself which shall be all at present from