To John Chaloner
[New York, November 22, 1786]
I received your letter1 with the draft on Mr Ray2 which I presented immediately. He would not accept it payable in specie. I did not protest because by your letter it appears to be an affair of accomodation and that you retain the money in your hands. Nor do I now return the draft because Mr. Ray tells me endeavours are making to turn paper into specie for the payment of it; if these do not succeed in a few days I will send it back to you.
I remain with great regard Yr Obed ser
ALS, Historical Society of Pennsylvania, Philadelphia.
1. Letter not found.
2. Cornelius Ray was a New York City merchant.