The Delegates of North Carolina just now offered for the Public Tobacco by Constable, Rucker & Co., three dollars and one third of a Dollar per Cwt., payable in such Bills on Holland as the Board of Treasury will accept as a payment from the State and as they will apply to the payment of the Interest due on the Dutch Loan in June next. One Condition is that the Tobacco shall be re-inspected under the Eye of an Agent of the purchasers by some one or more of the North Carolina Inspectors. Another is that 30,000 dollars shall be Advanced by the Purchasers on Closing the Contract, Otherwise the June Interest can’t be provided for in time. It is my opinion at present that the Delegation ought to accept the offer and I believe will, and if they do Vessels will be immediately sent from hence to the different Ports to receive it.
The Delegation will probably be able to write more fully by tomorrow’s post. I have the honor to be,