On the subject of coffee I would remark that, owing to the increase of the culture of that bean, together with the immense imports of tea into the several ports of Europe, the price of that leaf has been lowered to such a degree as to induce the people of those countries, principally of the north, to use the latter article in preference to the first.
That circumstance has, for these past three years, created a gradual deduction from the consumption of coffee, which has augmented the stock on hand throughout every commercial city of the northern part of the globe, so as to present a future unfavorable prospect to the importers of that article. Indeed, I am convinced that, within a few months from this date, coffee will be ten per cent. cheaper in the United States than what it has been at Batavia for these two years past; nevertheless, being desirous to employ my ships as advantageously as circumstances will permit, and calculating also that the price at Java and other places of its growth will fall considerably, I have no objection to adventure.
Therefore, you must use every means in your power to facilitate the success of the voyage.
Should the invoice-cost of the entire cargo of coffee shipped at Java, on board of the ship ——, together with the disbursements of that ship (which must be conducted with the greatest economy), not amount to the specie funds and net proceeds of her Liverpool cargo, in that event you are to deliver the surplus to your consignee, who will give you a receipt for the same, with a duplicate, expressing that it is on my account, for the purpose of being invested on the most advantageous terms, in good dry coffee, to be kept at my order and disposal.
Then you will retain the original in your possession, and forward to me the duplicate by first good vessel to the United States, or via Europe, to care of my correspondents at Liverpool, London, Antwerp, or Amsterdam, the names of whom you are familiar with.