[Draft] 
[London, after 5 June 1872] 

.. have every confidence in the character of Mr Glaser whom 
you will, I have no doubt, always find straightforward in all his 
dealings. As to his means I cannot give you any definite 
information but as I have the confidence in him that he would not 
order more than he was justified in doing, I should not hesitate to 
give him a moderate credit say a couple of £100—or even more. 
I think if you were to limit your credit at the beginning 
to £200—and then extend it afterwards as the business goes on 
and you get better acquainted with him, you would be pretty 
safe. 

It is what I should do in your case.