| Title | William Longsdon at Liverpool to his father, James Longsdon, senior, at Longstone. He thinks it nearly out of Hope's power to assist them in Prince Edward Island. William will discuss his stay in Liverpool when he meets his father. He has no ideas on which they can make a firm decision. He is surprised by his father's account of Matthew and Peter Longsdon's incapacity to prove on Barnsley's estate. They are getting on now as well as possible, and their conduct now is a credit to them.
There have been no more failures of consequence since William's letter of 31st of last month. The price of cotton will rise in a month or two. Importers are bearing 25% or 30% loss on great part of stock. Price will rise as soon as there is the least relaxation of pecuniary distress. His father should buy now if he can. |