532 Journal and Correspondence
Water Grist Mill proposes instead thereof to erect a powder
mill and retain the property in the premises on the sum of one
thousand pounds Convention money being advanced to him
without interest for the space of four years to be repaid in the
following manner: — one fourth part thereof in Gunpowder at
the price given by the Continental Congress at the expiration
of one year from this date; one other fourth part thereof in
the same Commodity at the expiration of two years from the
date hereof, one other fourth part thereof in the same Com-
modity at the expiration of three years from the date hereof
and the other fourth part thereof in the same Commodity at
the expiration of four years from the date hereof.
The said Elisha Tyson proposes to appropriate a large part
of the above £1000 to the purchase of Salt petre and other
materials from private hands in this and other colonies.
He also proposes the province shall furnish him with one
half of the salt petre imported into or manufactured in this
Province as also one half of the Sulphur that shall become
their property.
He will engage to manufacture powder at as cheap a rate
at it is in the Province of Pennsylvania and in equal quantities
in proportion to the quantity of materials found him for the
use of the Province of Maryland.
He will give bond with good security for the performance
of the above propositions.
June 28th 1776. Elisha Tyson.
|