Manuscript letter, referring to the Gothic Hall Labour Bank which opened in February of 1832, and particularly to a difference of opinion with Owen regarding this venture. King explains, that he and his friends have no intention whatsoever of "throwing difficulties" in Owen's way and cannot understand how their proceedings could be said to do so. He asserts that "one and all" they hold Owen in the highest regard, and are sorry to see that Owen apperas to have "forgotten his own principles" and does not have the same feelings for King and his allies. King believes they were right [to start the Labour Bank] as there was an "urgent necessity", and he will continue "pursue the steady course" until it is proven wrong they did so.
King believes Owen has a "useful Lecturing Department" at Gray's Inn Road, enough friends to aid him with his "dancing department". This being the case, King wonders could they be "spared to endeavour to do something in the Labour Department" instead.