Thomas Jefferson Papers

To Thomas Jefferson from John Barnes, 17 March 1799

From John Barnes

Philadelphia. 17th March 1799


The within six Certificates for 42 shares of the Loan for five Millions (just now recd) are handed you, for the proper Assignmts—and to be Returned me, in Order to be filled up—as perer installments, (the 2d:) on, or before the 10th Next Mth, yet should they not reach me in time, I shall nevertheless—pay the Amt $525.—

the price of Scrip is 30 perCt and should it rise even to 100—is only 12½ perCt on the principal is than 7½ perCt under US. or penna. Bank Stock,

I am sir your mst Obedt servt:

John Barnes

RC (DLC: Short Papers); addressed: “Thomas Jefferson, Esquire Monticello—Virginia”; franked; notation in TJ’s hand: “see on the back hereof a specification of the certificates”; list of certificates by TJ on verso (see below); endorsed by TJ as received 30 Mch. and so recorded in SJL. Enclosures not found.

On the verso of the letter TJ listed the six U.S. loan subscription certificates, each signed 1 Mch. 1799 by George Simpson for the Bank of the United States: No. 1949, four shares for William Short; No. 1611, ten shares for Short; No. 2314, four shares for Thomas Mann Randolph; No. 1607, ten shares for Randolph; No. 1645, four shares for John Wayles Eppes; and No. 1245, ten shares for Eppes. Each share represented $100. See Barnes’s letter of 10 Mch. for the loan subscription.

A letter of this date from Barnes to TJ also received on 30 Mch., and letters from TJ to Barnes of 15 and 16 Mch. 1799 are recorded in SJL but have not been found.

Index Entries