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[Page 6]
proposal from America to Furnish their Copper Coinage but they want only blanks & mean to apply to you for a press, if you furnish one we shall lose all the prospect of coining for them by which by which you may gain more than by 40 presses. I advise you to be [indecipherable] in this affair & come to England to enter upon your salary & house as soon as possible.
No. 5, March 15, 1788 - Agreement for 2 years
The reason I sent Collins to meet with you was to take me out of the suspense I was in on account of neither receiving the Coin nor the drawings of the Press. I repeat here my Terms, you are to have
1. 500 pounds beside the 200 which I have already paid for leave to set up 6 presses after your designs, you know the building into which they are to be put & that it can contain no more than 6. I have no intention at present to set up more & never mentiond so to Collins but if I should hereafter mount 10 I shall pay you £400 more.
2. beleiving that it will take 6 months to Finish the Presses the dies & all other necessary Tools & about 18 to compleat the coinage, I offer you on an Idea that you will prefer a certainty to the risk of joining in my projects & my contract £500 a year for these two years pour votre art & votre surintendance which will make profit £1000 & if more presses are set up it will be greater.
I confirm this my offer by my signature & am ready to enter into a Legal agreement before a notary but I mean by this that tour [indecipherable] ou tombera ensemble, father advantage must depend upon success & my own feelings. I am not capable of [indecipherable] or act as taking out a patent for your invention.
There is no idea in the copper coinage of the mark on the edge, the gold & silver coinage is not likely to [indecipherable] soon & for the multiplicity