To James Wood
Richmond Feby. 3d. 1781.
The inclosed letters will sufficiently explain to you their object: I shall be much obliged to you to endeavour to negociate the purchase of bills therein proposed with all the expedition you can. It is natural to expect that the demand for such a sum will raise the exchange to a certain degree. We have no right to expect to force the ordinary course of things and must therefore submit to it. Should a higher exchange be insisted on than has been before currently given you will be pleased to certify the last current rate of exchange, by which we shall judge of the reasonableness of the rise.
I am with much respect Sir Your mo. obedt. & mo. hble. Servt.,
RC (MHi); without indication of addressee, but endorsed in Wood’s usual manner. FC (Vi); captioned: “Colo. Wood”; notation of alternative addresses at foot of text: “Colo. Wood at the barracks in Alberl. or at Fredk. town in Maryland. Colo. Wood or in his absence Colo. Taylor at the barracks.” Enclosures: TJ’s letters to Geddes and to Hamilton and Mengen of the present date, qq.v.