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Sir,

I have recd. your letter of the 17 ulto. inclosing <​a copy​> one from “the High Council of the ,” in which they propose to secure the payment of the Judgment of the ag[ains]t. Jos. Smith & others for $5212.49½, by giving

In your letter you state, that if this letter proposition is acceded to, it will be unnecessary for you to further oppose his obtaining a discharge under the bankrupt act; and under express the opinion that under the Circumstances it will be best to accept the proposition.

In reply I have to state, that from the facts Communicated in your previous letters I am satisfied that it will be in your power successfully to defeat his application for a discharge under the Bankrupt act, and by proceedings in Chancery <​to​> set aside the fraudulent Conveyances he has made <​of his estate property to secure the payment of his debts.​> and subject his properties to Execution— It is true that this would require some time, and expense,— to avoid which I should be willing to grant a reasonable delay, provided the debt were placed on a <​proper​> footing that seemed of security, and I could rely upon the punctual Compliance of the parties with their engagements— but I am obliged to say that the proceedings of the parties have been such as to destroy <​from facts which have come to my knowledge I have​> confidence in all their promises <​only​> so far as the law will [p. [1]]