TALBOT6601

Copy answer ¹ 25 March 1852

Sir

I have rec^d your letter of 23^d. inst. I am not prepared to give a decided answer in either of the conditions you propose.

With all defference [sic] I cannot help think you much overrate the perfection of your Process & that certainly you put your terms too high.

I was led to understand that you had given a license to M^r Cole Regent Circus upon an agreement of 5 percent such induced me to make you a similar proposition.

I have the honor to be &c

M^r Fox Talbot Esq