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Paul Jones

New Orleans 16th May 46
Col. R.C. Ballard
Warrenton
dear Sir
We have neglected to advise you
that Mr. Beck has paid us, on 6th inst $[?] on Mr Terrys
note which sum is placed to your Cr. Annexed we
hand our mornings P/c which reviews a gloomy market
Prices of every thing are tumbling, - good paper goes at
1 1/2 - 2 1/2 % pr month & we have seldom known a period
of greater tightness. Several failures have occured &
others we talked of, but we hope they are mere
rumours. For ourselves we are perfectly easy
& can defy any contingency Among the failures
are Merle, Baylee & Co, - Rivarde & Co & Smith Gorin & Co.
Perhaps to day may add to the list.
Very Respy
Yr. Odt Sts
Nalle & Cox