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almost the whole of the good Land on that River w^ch
was reserved for the Officers & soldiers, in No. Carolina.
There were formerly a number of settlements made
in that Country w^ch I imagine might now be got
for very little, as there is no money yet amongst
the Inhabitants; I therefore intend to visit them when
I go down the Ohio to superintend the surveying of
our Land in that Quarter; and if I find any thing
clever can be done there, my having a credit [in?]
N. Orleans to a small amount, might enabe
me to secure a Quantity of Land as good as the
Land here, five hundred miles more convenient
to navigation, convenient to the Missippi about
the Mouth; and excedingly well watered; which
is not the case in many Places: The spirit of
Emigration rages very high at present, and as there
is a Plan settled for establishing a Post still lower
down the River, the old settlers will probly sell
very Cheap, and there appers to be no danger of any
competition, nor of the Carolina Assembly's conforming
the Titles of such settles or their Ass^ees- so difficult
is it to locate Land here that as soon as soon as any Tract
is located it, will commnd four or five Pounds per Acre
^on Credit and I am convinced, that such Land as may now be pur-
-chased for less than two Pounds, on Credit, will sell for
three or four Times that sum before we should be
obliged to pay for it; you inform me there is a Pro-
-bability of Depeciation's continuing, if so the more Pur-
-chases I can make on Credit, of good land, the better,
as by those we cannot lose; indeed it is the Opinion
of some good Judges here that about the Falls, land
is now as cheap as it would be, were our money
to become equal to specie. Col. Peachey's & Col.
Byrds lands are all very valuable, as are two surveys
surveys for Cap^t John Ware on Bear Grass Creek near
the Falls, Henry Harrison's on the same Creek for
one