night, so that in case there should be more
buyers at one Province than the quantity will furnish, they may have an
opportunity of writing or going to the next sale at another Province.

I fear there may be an opposition made by some of the Provinces upon a
surmise that Government is aiding in this plan, and mean to establish
principle and right of taxation, for the purpose of a revenue, which at
present is very obnoxious, as such great care should be had not to
employ either paymaster, collector, or any other gentleman under the
immediate service of the Crown, to receive the money.

Garlick Hill, 1st July, 1773.

Gentlemen:

In compliance with your desire, we have reflected on the business &
expence which will attend the sale of and remitting for such teas as the
East India Company may ship to North America, and considering that none
but gentlemen of known property, integrity and of experience in trade
can, with propriety and safety to the Company, be employed therein, we
humbly conceive that five pr cent. commission, and one pr cent. for
truckage, warehouse rent, brokerage, and other incidental charges,
making in the whole six pr cent. on the gross sales, is as little as the
business can be transacted for. And we further beg leave to suggest that
no person ought to be employed who will not give security to the
Company, in London, for faithfully following such instructions, as they
may from time to time receive from them, for remitting to the Company
all monies which they may receive on account of teas sold, first
deducting the above six pr cent., together with such freight and duties
as they may have paid on account thereof, and interest thereon, till
reimbursed, such remittances to be made in bills of exchange, within two
months after receiving the money, which bills, to be drawn upon their
security in London, payable sixty days after sight, or in specie, at the
Company's risk and expence; if in bills of exchange, the security to be
obliged to accept and pay them. Should the Company determine to ship
teas on their own account and risk to North America, we presume to
recommend to their service, Benjamin Faneuil, Junr., Esqr., & Joshua
Winslow, Esqr.,[31] of Boston, _jointly_, to transact their business,
for whom we are ready to give security to the amount of ten thousand
pounds for their performance of the before mentioned conditions, and in
like manner a security of two