Gentlemen:

We are obliged to you for your Communication of the agreement which you proposed to enter into with Messrs. Constable, Rucker & Co., for the purchase of Tobacco collected by the State of North Carolina for the use of the United States. It gives us pleasure to find that you have obtained a better price for the Tobacco than what was offered last year, and that you have Negotiated the sale so as to secure an advance to the United States at a very Critical period for the Payment of the Interest which will be due on the Dutch Loans on the 1st of June next. From the Solidity of the House with which you have Contracted we have no doubt that these Bills will be punctually paid, and the whole Contract on their part be fulfilled. It will be necessary that Duplicate Receipts of the Tobacco, received under the Contract, should from time to time be transmitted to this Office that the State may obtain a credit in Specie Dollars for the amount of the Tobacco delivered at the Contract price, without having any Relation to the rate of Exchange as fixed by the Contract.