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[Page 185]

Syllable having been written to Buckles, notwithstanding
the Expectations held out to them by James in his Letter
to me that he would do so. Add to this without knowing
what Course Buckles might take – perhaps, compelled by
Circumstances, which they could not control – to endorse
Bills of £2000, without security for their payment upon
the Wool, on account of which they were drawn – appears
to me a transaction so incautious – so marked with
wrecklessness of the consequences of attaching your Names
to Bills – that it fills me with disquietude, grief, annoyance
and the extremest alarm. What is done cannot be undone.
The wise course is to consider how the threatening mischief is
to be prevented – and first to determine whether Mr. Bowman's
Estate does or does not pay the interest of the sums, in
which it is indebted – and if it do not discharge those
indispensable obligations – how is it to be made to do so,
without increasing its existing Burthens.

Next – what prospect there is of the Market rallying
before the Stipulations entered into with the Bank expire.
If it rally and the Property in Land can be sold without
an extreme sacrifice – so far well – but assuming there
should be no indications of the Market rallying – may