Franklin’s Ostensible Withdrawal from the Walpole Company (II)
ALS: New York Public Library; draft: Library of Congress
Cravenstreet, Jan. 12 [i.e., on or after Jan. 24]. 1774
Sir,

Being told that some Persons in Administration have suggested, That my Conduct in Affairs between this Kingdom and North America do not by any means entitle me to such a Mark of Favor from Government, as that of being a Proprietor in the Grant of Lands on the Ohio, to be made to yourself and Associates, I think it necessary to inform you, That I never considered the Agreement with the Treasury for these Lands as a Matter of Favor, unless it was such from us to Government, by showing them that the Lands they used to give away might produce something to the publick Treasury. The Agreement for them was fair and publick, at a Price fully adequate to their Value; and as the Lords of Trade have superadded several considerable Charges more than are immediately relative to the Expence of supporting the Government of the Colony (which, besides the Purchase-money and Quit Rent, is all we contracted to pay) and have rated that Support enormously high, in my Opinion, for an infant Colony, I can never consider the Purchase of those Lands as a Favour from Government, nor a great Bargain to the Purchasers. I do therefore desire that you will strike my Name out of the List of your Associates, and hereafter not look upon me as one of them. I wish you however all Success in your hazardous Undertaking, and am, with great Esteem, Sir Your most obedient and most humble Servant

B Franklin

Honble. Thomas Walpole Esqr
Endorsed: Paper that may be of Consequence to my Posterity
626435 = 021-033a.html