Informs Knox that he has not been able to obtain the deed of land from Mr. Barthlmy de Grgoire, who has run off with the money they already paid. Provides updated information on that land deal, and his attempts to satisfy their creditors. Discusses other business arrangements, including his insistence on their eliminating [William] Duer from their ventures: I am clear with you that Duer must take his name & management out of the business, or he will Damn the most favorable prospects, for I assure you the bare mention of him will distroy every confidence & make us the objects of ridicule. Also mentions a faltering business deal with Madame de Leval, who apparently considers their agreement broken by Knox and will only make new arrangements on her own terms. Plans to try to negotiate another deal with de Leval, but will leave Knox's name out of it. Free stamped on address leaf with no signature.