(u) As neither the lot in the town or common have any improvements on them, it is not easy to fix a price; but, as both are well situated, it is presumed that the price annexed to them in the schedule is a reasonable valuation.
BATH.
(v) The lots in Bath (two adjoining) cost me, to the best of my recollection, between fifty and sixty pounds, twenty years ago; and the buildings thereon, one hundred and fifty pounds more. Whether property there has increased or decreased in its value, and in what condition the houses are, I am ignorant; but suppose they are not valued too high.
STOCK.
(w) These are the sums which are actually funded; and though no more in the aggregate than 7566 dollars, stand me in at least ten thousand pounds, Virginia money; being the amount of bonded and other debts due to me, and discharged during the war, when money had depreciated in that rate,—
and was so settled by public authority.
(x) The value annexed to these shares is what they have actually cost me, and is the price affixed by law; and, although the present selling price is under par, my advice to the legatees (for whose benefit they are intended, especially those who can afford to lie out of the money) is, that each should take and hold one; there being a moral certainty of a great and increasing profit arising from them in the course of a few years.
(y) It is supposed that the shares in the James River Company must be productive. But of this I can give no decided opinion, for want of more accurate information.
(z) These are the nominal prices of the shares in the Banks of Alexandria and Columbia; the selling prices vary according to circumstances; but, as the stocks usually divide from eight to ten per cent. per annum, they must be worth the former, at least, so long as the banks are conceived to be secure, although from circumstances they may sometimes be below it.