542.
To Lord Sheffield.
Lausanne, June 13, 1789.
*You are in truth a wise, active, indefatigable, and inestimable friend; and as our virtues are often connected with our faults, if you were more tame and placid, you would be perhaps of less use and value. A very important and difficult transaction seems to be nearly terminated with success and mutual satisfaction: we seem to run before the wind with a prosperous gale; and, unless we should strike on some secret rocks, which I do not foresee, we shall, on or before the 31st July, enter the harbour of content; though I cannot pursue the metaphor by adding we shall land, since our operation is of the very opposite tendency. I could not easily forgive myself for shutting you up in a dark room with parchments and attornies, did I not reflect that this probably is the last material trouble that you will ever have on my account; and that, after the labours and delays of near twenty years, I shall at last attain what I have always sighed for, a clear and competent income, above my wants, and equal to my wishes. In this contemplation you will be sufficiently rewarded. I hope Sainsbury will be content with our title-deeds, for I cannot furnish another shred of parchment.*
ANXIETY FOR HIS STEPMOTHER.
What difficulty can arise about our family Wills? My father made none, and I took out letters of administration as heir at law: my grandfather's may be found at the Commons for a shilling: but it is not worth that shilling, since I joyned on coming of age with my father to cut off the entail. Our fine and recovery (in the year 1758) are doubtless registered in the proper courts. I as little understand the want of my father's marriage settlement. With his first wife? she has been dead above forty years, and I am her sole representative. With his second, the present Mrs. Gibbon? From her it may be easily procured, and you are not ignorant that *her jointure of £200 a year is secured on the Buriton estate, and that her legal consent is requisite for the sale. Again and again I must repeat my hope that she is perfectly satisfied, and that the close of her life may not be embittered by suspicion, or fear, or discontent. What new security does she prefer,—the funds, the mortgage, or your land? At all events she must be made easy. I wrote to her again some time ago, and begged that if she were too weak to write, she would desire Mrs. Gould or Mrs. Holroyd to give me a line concerning her state of health. To this no answer; I am afraid she is displeased.* By the channel of Mrs. H. you might convey some idea of my real anxiety.
The Saint seems ripe for heaven: could you not learn from Law, what people are about her, and what measures can be taken to have the earliest intelligence of her departure to prevent a Will being secreted, &c.? Yet I am her heir-at-law.
*Now for the disposal of the money: I approve of the £8000 mortgage on Buriton; and honour your prudence in not showing them, by the comparison of the rent and interest, how foolish it is to purchase land.* If you can obtain from Lord S[tawell] the four and a half, tant mieux. In case you cannot, I will suggest an odd but I think a rational scheme. Let four and a half, or rather five per cent. be stipulated in the mortgage deed, with a proviso in a separate act that, as long as the interest shall be paid on or before the day appointed, I will be satisfied with four per cent. As long as Lord S. is punctual (and this will be a stimulus) he will pay no more; and should I ever be forced by his neglect to transfer the mortgage, which will, I suppose, be in my power, I shall easily find a substitute at the advanced interest. For how many years do I lend? Do I reserve a right of putting in my own receiver? Six thousand more will be vested in the three per cents, and if Mrs. G. chuses them, that sum will not be too large a basis for her jointure of £200 a year. The additional hundred which I pay her is a separate account. The remainder, between two and three thousand, may be trusted to private security.
Did you wish for the whole, or part, or more? it is perfectly at your service; but as you are indifferent, I write to you in the third person.
"I have some knowledge of the Lord Sheffield whom you mention, and though he is poor, I believe him to be honest, and I should therefore prefer his four and a half regularly paid at Gosling's, without trouble or application, to a more doubtful five per cent. which might perhaps be found on bond security."
But I had rather wait some weeks before I absolutely determine, as *there is a chance of my drawing the greatest part of the sum into this country, for an arrangement which you yourself must approve, but which I have not time to explain at present. For the sake of dispatching, by this evening's post, an answer to your letter which arrived this morning, I confine myself to the needful, but in the course of a few days I will dictate to Severy a more familiar Epistle. I embrace, &c. Adieu. Ever yours.*