Thomas Jefferson Papers

John Barnes to Thomas Jefferson, 25 January 1810

From John Barnes

George Town Cola 25th Jany 1810—

Dear Sir

your esteemed favr 17th Instant, conveyed to me, the pleasure of Contemplating the happy situation—in your present and expected—improvemts in agriculture and Other Establishments—may they exceed your most sanguine hopes—and the products thereof, find a market equal to your wishes—

However disagreable the task, required of me, to adjust the Average Loss, on Genl K— mislaid Certificates for $4,500. US. Bank Stock, I have Ventured to make the Attempt, merely for your Approval or, desent, as there is time sufft to Correct it (if found Necessary.) before a Remittance to France will be expected from hence—say March or begining April,—Viz— the Genls loss on the reexchange of Bank of Columa Stock, for Commisss and other expences thereon, loss of time &ca—I, estimate at $90—or One quarters Interest to 31 Mar or 1st Aprl and from thence, your Int, or Dividend or Allowance to Commence although the said Stock, was not placed to your debit, untill the 2d June.—I estimate— at two Mos of the 5 Mos loss of time—incurred in the Mislaid Certificates—see the Annexed statemt of Genl K. a/c wth me 1st Aprl shd my Estimate be confirmed

Rough statement on Supposition

Genl Kosciusko In a/c with John Barnes.

1809. from        
Aprl 1st to July 1st By Thomas Jefferson Esqr for his 3 Mos Int.—dividd due this day,  90—
Augst 22d By Penna Bank for 6ms dividd—due 1st July—proceeds 312.
Decr 31st By T Jefferson Esqr for his 6 Mos Int or Dividend due this day 180.
Feby By Bank Penna 6 Mos divd due 1st Jany proceeds 312.
April 1st By Thomas Jefferson Esqr for his 3 Mos Int or dividend due this day   90.
1809  per: Contra.  
Mar. 7th To this Amot Overpaid your a/c per Remittance of $1000 by Mr Coles as per a/c rendered $82.
Aprl 1st To JBs Commissn on the above Negocian with Mr Jefferson including the reexchange and loss to Genl K of $90  11.25.
do To JB. Comn Negoctn on his intendd remittance of $850  8.50.
do To sundry postage, to & from do  2.25
do To Amt of intended Remittance 850.
do In favr of Genl K.  E E    $30.

on these principles, of Calculation, your Interest Commences 1st April 1809. and is here charged to. 1t April 1810. is 12 Mos or $360.—8 perCt is equal to what the Bank of Columa Stock Dividd produces—it has been Usual with me in Remitting the Genl to include the 1st Aprils Quarter Int, at which date the Appt Balance in his favr with me will be $30. only, and my drft or remittance expected from Richmond next Mo for $360. on your a/c closes your 12 Mos Int acct also to said 1st April—next insuing—

at all events I shall endeavour to procure a Bill of exchange to the Amt of $850. mean while you will please Correct me—If, in your Opinion I have erred in my Estimate, or Calculations: it must also be understood—that, should the Bank of Columa Dividend at Any half yearly paymt be issued at less Int, than 8 perCt the like reduced Int. will be attached to yours—

with great Esteem & Respect I am Dear Sir—Your Obedt servant,

John Barnes,

PS. To JB. Letter 25th Jany 18 10. viz,

My intimation respecting Ms Beckley was, on a supposition that Mrs B. had wrote to you, on the subject—and of course some Arrangemts had taken place—as Ms Beckley repeatedly informed me the moment her Brother Arrived—she would do herself the pleasure to address you &ca &ca

I have no idea of their ever making me a Remittance—on that a/c and whereas Mr James Prince has long since Arrived—and is now in Philada—an Opporty Offers to Open a Corrispondence,—

RC (ViU: TJP-ER); adjacent to signature: “Thos Jefferson Esqr Monticello”; postscript on separate page; endorsed by TJ as received 28 Jan. 1810 and so recorded in SJL.

1Page two ends here, with repetition at foot of this and head of next page omitted.

Index Entries

  • Bank of Columbia search
  • Bank of Pennsylvania; stock owned by T. Kosciuszko search
  • Barnes, John; and M. P. Beckley search
  • Barnes, John; and T. Kosciuszko’s American investments search
  • Barnes, John; letters from search
  • Beckley, Maria Prince; loan from TJ search
  • Jefferson, Thomas; Business & Financial Affairs; and T. Kosciuszko’s American investments search
  • Jefferson, Thomas; Business & Financial Affairs; loan to M. P. Beckley search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; Bank of Pennsylvania stock of search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; mislaid bank stock of search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; remittances to search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; TJ’s draft to search
  • Pennsylvania; banks, local search
  • Prince, James search