This
Bank will, I believe, exist for ages to come; and I am persuaded the
annual dividends will not be less than from eight to ten per cent.
They may also have the honor and pleasure of seeing their names
enrolled among the first promoters of this useful institution, on
which the salvation of our country in some measure depends. Should any
of them incline to subscribe, they must send hither money at their own
risk; consigning it to whomsoever they please, with power to act for
them. I hope you will promote this business, and in order that you may
be able to show the profits arising from it, I am to observe, that
when once, by punctual payment, the notes of the bank have obtained
full credit, the sum in specie, which will be deposited, will be such,
that the bank will have the interest of a stock two or three times
larger than that which it really possesses. Should M. Miralles, or any
of the family be so inclined, I will put any part of their money into
the bank, which they may think proper.

By captain James Nicholson, commanding the frigate Trumbull, I send a
bill of lading and invoice of five hundred barrels of flour, which is
all fresh and good, and a considerable part of it superfine. This
flour I have caused to be shipped to your address, on account and risk
of the United States of North America. Be pleased to receive it as
quickly as may be from the ship, make the most advantageous sale of
it, which you can, and remit the net proceeds in Mexican dollars,
consigned to my order, for account and at the risk of the United
States. I expect you will not charge more than five per cent for
transacting the business, that is, two and a half per cent on the
sales, and the same on the returns.

I have also enclosed a bill of exchange, drawn by myself on Messrs Le
Couteulx & Co. bankers in Paris, to the amount of five hundred
thousand livres tournois; this bill is at sixty days' sight, and you
may depend it will be punctually paid, for I have the authority of the
Court of Versailles to draw it, and every assurance I could wish. You
will observe, by my letter to the Governor, that he is to have the
refusal of this bill; you will therefore offer it to him in the first
instance. When I consider the risk, which must attend sending money
from Havana to Cadiz, and the remittances, as well private as public,
which are to be made from one place to the other, I cannot but
persuade myself, that unless the government and the people ar