James M. Hall to William Mackinnon. On return from Manchester and Liverpool calling C & B Co. meeting regarding new steamer order; question of size. Anxious to hear about William's negotiations with Indian officials. Notes William's great difficulty in selling price-goods because of the panic sales at low prices - best to adopt J.P. Co. waiting tactics, even though a profit will show at any present prices. Doubts possibility of American Blockade being broken - Brit.Govnt will not act. Manchester will be saved by North's exhaustion. Since any textile production profit-losing, Manchester asking too high prices for any orders - with well stocked warehouses JMH not ordering. Acknowledges £4,000 remittance William borrowed in India; important to cover Bank Bills within 3 months. C.G. Bank acceptances not discounting at London rate. Re Wyllie's attempt to secure William Lloyd Agency. Missed Liebert in Manchester - sick - looking before he went