[The Hon^ble General Knox] [London Capt Wilsey New York] [275] London Aug^t 13. 1790 Dear Sir, I am favoured with your Letter of the 2^d of June last, enclosing Yours & M^rs Knox's Letter of Attorney, to enable me to act for you, with respect to the Money that is in M^r Penwood's hands. This business has been attended with much longer delay than we had reason to expect, as the settlement cannot be still deferred, till your answer to M^r Penwood's last letter, which is anxiously expected, is obtained. I have had several meetings with Mess^rs Wright & Gill with some of the holders of the Bonds & Notes, they undoubtedly are for getting all they can, to get your consent, that the Money in M^r Penwood's hands should be first applied to the payment of their demands & the remainder then to go towards the discharging of M^r Parker's Bond, alleging that there are other Effects in America, that you can apply to the making of your demands, & in case of their request not being complied with, they propose filing a Bill in Chancery against M^r Penwood, if he parts with the Money in any other way, but this we are apprehensive they will not do, as the expenses of a Chancery Suit will be nearly equal to what they will only even if successful, this however would be Disagreeable, as the Money might be tied up for several Years, which should be avoided if possible, as all parties must be considerably sufferers by it. — As soon as your sentiments are known, every thing in my power shall be done to bring the business to a final issue, but at the same time Mess^rs Wright & Gill beg leave to join with me in requesting, that no means in Your power, may be neglected, in providing for the discharge of the remainder of said Debts & Dear Sir, Your much Oblig'd Humble Serv^t Tho. Longman