that the second year's subscription money
should be paid on or before the 24th of August.

Two sites were regarded with favor for the town, Grimross and St.
Ann's Point. Both places had been originally cleared and settled by
the French. Glasier states in one of his letters: "At Grimross there
is timber and lime, which the French had prepared to build a church;
there is cleared land three miles in length, an old settlement where
our Principal Town must be built, if we can't have St. Anns Point,
which is the finest spot on the River for our purpose. There are many
difficulties to surmount, which you will know hereafter; there is but
one good stream on all the River fit to erect Mills upon, which I have
got for us, and, between ourselves, have been obliged to pop them
between two other grants (by the assistance of Mr. Morris). There is
about 100 Families in the Township of Peabody, they have not one mill
of any kind, nor can there be; they have been obliged to bring all
from New England. These mills must be our first object; we shall be
able to furnish our neighbors with Lumber as well as ourselves. I
have arranged for the Timber and all other materials to be prepared
and inclose you Mr. Simonds estimate of the cost. * * * Mr. Simonds is
perfectly acquainted with the business of Saw-mills and knows every
minivar [manoeuvre] belonging to them. I think we are lucky in having
him on the spot to manage so material a part of our establishment.
These Mills properly managed will pay for themselves at least four
times a year, besides we can't carry on our Settlement without them."

James Simonds' estimate of the cost of the mills will be found in the
letter which follows. It was probably considerably under the mark for
people are usually optimistic in such things:--

"Passamaquoddy, August 20th, 1765.

"Sir,--Agreeable to your desire I have made the nearest
calculation I could of the cost of two mills and dam on Nashwog
River, and am of opinion that two hundred pounds currency will
complete them. The first cost is very great, which will be mostly
for the dam, yet as the stream is sufficient for an addition of
three or four mills on the same dam, it will be cheaper in the end
than to build the same number of mills and a dam to each on small
brooks that will be almost dry near half the year.

"I must advise you Sir to have your Iron work made of the best
Iron, as breaches in any part of mills is of fatal