JB/539/031/001

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Petersburg April 11th MS1 17780.

How exceedingly do I wish now that you were here with me.
The usefull information & experience you would to have opportunities of acquiring,
are greater than you can conceive.

The same expence of Carriage & servants which I must necessarily
be at would serve you also. You would have nothing to buy
but cloaths. If you would make the same determination as
I have made and kept, never to play at cards &c a Capital
of 3 three thousand pounds would yield interest enough
to bear all our expences both together, except that
of Cloaths. I think there we might between us be able
to raise that Sum of our own. The thousand or perhaps
1400£ which my father might be disposed to advance
me. What you could raise upon your estate or
sell it for, and what my father might be kind
enough to advance you in lieu of his making
good the nut of the Malthouse, upon his taking
the Malthouse it into his own hands, might perhaps
make together amount to that Sum. If besides we have
either of us or both of us together any friends who would trust us with some
of their money upon our paying them the same or a
Little more interest than which they receive from for it at
present. We should be quite at our ease You are to understand that the manner of
putting the money out to interest here is much
more secure than of lending it to any person in trade.
and yet with the latter such security it is uncommon for
friends to lend one another money. Another advantage
attending this methoding of putting money out is that the
money is <del. more attainable at the end of every year
and the interest is taken for the year is taken out kept back of the
money before it is given and always paid advanse,
so that there would be no difficulty either in getting
the money back in case of its being wanted for
more advantageous purposes. neither would there be
any difficulties from the waiting till the interest
is due. The instant the money is presented at the
time of paying it you deduct the interest for the
year. I suppose you us not to be obliged to pay any
interest for these three thousand pounds, but supposing
it be necessary that so much cannot be mustered up without
paying 5pc lent for a part of it then that part must
be doubled. for example if you can get but 3 two thousand without
interest than as you would have to pay interest for the rest,
two tho0usand more would be necessary instead of one. The interest
which one of the thousands would produce here would be sufficient
to pay the interest for the both the thousands in England.

If any of our friends would lend us any money after that
at the rate of 5pr C t we should gain the other 5 clear.
Instead of your being the poorer at your return you would be
just twice as rich. I mentioned your raising money.

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Identifier: | JB/539/031/001"JB/" can not be assigned to a declared number type with value 539.
Date_1	1780-04-12	Marginal Summary Numbering
Box	539	Main Headings
Folio number	031	Info in main headings field
Image	001	Titles
Category	Correspondence	Number of Pages
Recto/Verso		Page Numbering
Penner	Samuel Bentham	Watermarks
Marginals		Paper Producer
Corrections		Paper Produced in Year
Notes public		ID Number
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