From Smith, Elder and Company1 3 March 1863
[65 Cornhill, London]
March 3rd. 1863
We beg to hand you acc sales of your works showing a balance due to you of £11 13 1 which we hope you will find correct.2 In reference to your suggestion that we may make you an offer to purchase the remaining stock in hand of your Geology of S. America (76 Copies) & Volcanic Islands (99 Copies) we beg to say that the complete work comprising the whole 3 parts has been selling only at 10/6, or an average of 3/6 each part which price after all trade deductions leaves only about 2/– as the nett receipt for each volume sold— & the binding of each volume would cost 6d 3
Considering therefore the uncertainty of our selling the whole of the stock of the works referred to,4 in the ordinary course of trade, we are sorry we do not feel warranted in making you such an offer as we could have wished to make. If however you would like to dispose of the stock of both works for £5, we are willing to take them on our hands at that price— We delay remitting you a cheque for the balance due on the enclosed a/cts until we are favored with your reply
Sum due to CD is £11 13s 1d. Offer £5 for remaining stock of South America and Volcanic islands.