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Page 1 view page image
In accordance with the instructions received from you, we now send you a report of our proceedings since our arrival in Tenn. on the Gamble and Carter properties on our arrival here on the
It took us little time to consider, the ground being very hard Page [2] view page image and poor, with no distinct appearance of a Vein_ we quickly concluded to abandon it, as in our opinion___ not worth the risk of further investment____ this [gap] much regret after so many difficulties and hair breadth escapes for our lives but we are faithful to our opinions, and would gladly report better things were we justified in doing So___ By your request Mr Dowding took Father to the Carter lease and found it overflowed with water, and afterward to the Goan lease Jefferson Co [County] , which is near the river and on high grounds, his opinion of it is unfavorourable, though much lead has been smelted off it, yet the mineral is too widely disseminated over the mass of limestone, to be made available he does not recommend an investment there Mr Dowding was taken ill at Knoxville and could not remove but obtained the Lease of the Carter property which was promised the moment we found bottom and reported unfavourably of the [unclear: gamble ] shaft in the mean time we had removed to Carters A description here of the Carter lease is necessary that you may fully understand its position__ the Carter lease is situated on Fork Creek 10 Miles from the Tenn river, the last working was done Mr Carter (since dead) Mr Bell a brother in law and others 25 years since they sunk a shaft 20 feet deep and 12 ft in Page [3] view page image more water than the old part although equal to any emergency it cannot be expected we should overcome such insuperable difficulties by mere physical force as to make it profitable in the depth of winter but we hope to reach the bottom and if lead is found sufficiently abundant to justify the erection of a small engine or a water power in the Creek (which we believe practical) we do not doubt it would meet with your hearty concurrence, 3 months hence we should heed no other power than we now command, but this is a long time to want unless you put us on the copper or other property when one of us could return to it, we all believe in the abundance of mineral in this place_ we have been sufficiently low to see the lode in the side of the shaft it is composed of Quartz Feldspar, Sulphate of Baryton, and a very fine yellow Argillaceous clay with lead ore they are all favourable for lead and the ground is easily broken they have been doubly paid for all the work they have done as you will [unclear: percure ] mean while we are toiling hard to reach bottom and report with certainty we shall await your instructions and act accordingly hoping you will be renumerated tenfold for all your investments in Tenn_ which can be realized (certain) on one property, and believing you will trust implicitly and with confidence in the judgment skill, and integrity of your agents and their unanimous decisions
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