Thomas Jefferson Papers

To Thomas Jefferson from Willink & Van Staphorst, 13 November 1788

From Willink & Van Staphorst

Amsterdam, 13 Nov. 1788. Acknowledge TJ’s letters of 3 and 4 Nov., “the former advising your Bill on us for f2312.10. Bo. to Grand & Co., which has been discharged.” In order to sustain the credit of the United States and to induce the brokers to take up all, or at least half, of the “Loan of One Million remaining,” they advise paying in money the premium due in February. The former loan being completed, there will be no reason to send monthly statements until a “new Negotiation.” At present the funds of Congress in their hands amount to ƒ192,000 to meet interest payments in February 1789 of ƒ80,000 and premiums on the same date of ƒ70,000, leaving a balance of ƒ42,000 to cover drafts for the salaries of TJ, Carmichael, and Dumas, and for incidental expenses. There will be no addition to the credit until “an Engagement upon the new Loan” is secured.

RC (DLC); 2 p.; in a clerk’s hand, with the signature of each firm; endorsed.

TJ’s letter of advice of 3 Nov. 1788 has not been found; there is the following entry in TJ’s Account Book under 3 Nov. 1788: “Drew on Willinks & V. Staphorsts ƒ 2312.10s banco in favor of M. Grand repd. him the balance ante 2070livre tournois recd. in cash moreover 2930livre tournois amounting to 5000.livre tournois in the whole for my bill.”

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