29

With interest at 7 per cent, payable annually on the 1^st of January
each year. The first payment of $10.000 to be forfeited in the
event of ultimate failure to pay the $ 44.000, and the debt to be
cancelled be that for feiture, provided the interest is annually
paid. Possession to be given on the 1^st of January 1853 -
but if the cotton crop is not then ready for market the hands
are to be employed in it until it is ready, and for which
no charge is to be made. The corn & pease [sic] on hand on the 1^st of
January to belong to Miss Corbin. If the $10.000 is paid be-
-fore the 1^st January 1853, interest at 7 per c. will be allowed
on it.

I expect to be in New York on the 8^th of July
and to sail for Savannah in the Alabama on the 10^th as I
wish to give M^r Corbin your decision before leaving the North.
I shall be glad to hear from M^r King by the 8^th of July, di-
-rected to the care of M^r J. Couper Lord, 49 South 8^th N. York

I observe William's name among the arrivals at New Y.
yesterday, and whence infer your safe arrival at Philadelphia,
where you no doubt met Lord, as he called on us Fri-
-day evening in New York.