Thomas Jefferson Papers

John Barnes to Thomas Jefferson, 2 May 1814

From John Barnes

George Town 2d May 1814—

My Dear Sir—

Your much Esteem’ed, very Particular and interresting favr of the 25h Ulto recd by Yesterdays Mail—has been Attentively perused—Yr reasoning and determination fully conclusive—the Confidential deposit, of an Absent friend—wholly dependent on your Judgement, for the safety1 of his property do not admit (at these eventfull times) even the shadow of a Risque—less then Goverment security. I shall therefore hasten to Execute your final Commands, respecting the sale of Genl Ks 20. shares of Penna Bank stock. and transpose their Net proceeds—in Subscribing—to the New loan U States. for which purpose, it will (—I presume)—be Necessary for you, to Authorize me, by power of Atty—to sell—in your behalf—as Agent, and sole Atty—for the said Genl T. K:—meanwhile—I shall use my, best endeavrs to effect the sale, so, as to meet—and secure the whole subscription—for which purpose I have by this days Mail—wrote Mr Taylor to prepare himself, by stating to me the present Currt price, and certainty of Sale, terms &c for my govermt—the first subscription per Advertizt takes place the 25h Inst

   ¼ say
The Amot I contemplate to subscribe—(if agreele)2 $10,000.   2,500.
I have now in hand—of the Genls 1694. 50.
with the proceeds of dividend due 1t Jany last (not recd—waiting yr order,)3} say 390 
together with your Years Int due last Mo 360  2,444. 50
deficient on 1t Subn only 55. 50
for  2d Subn 25h June 2,500 
  3d do 25h July 2,500 
  4h do 25th Aug. 2,500  7,500 
$7,555. 50
The presumed Net proceeds of $8000〃 } will leave,
penna Bank Stock Clear of all
exps say a 40 perCt—may be $11.200.

the good Genl an Ample surplus for a Remittance

the present—and with the growing Int. for the coming Year—

with these particulars—if nearly Correct, you will be pleased to signify—your Assent.—or—Correction—,

the next most essensial—and Anxious Concern will be to furnish the good Genl with a suitable Remittance and shd be happy to be furnished—with a letter of introduction to the Secty of the Treasury, to whom I am a perfect stranger—or, to Mr Monroe—either of whom I, should suppose could favr me, with their Aid in conveying—a Remittance (—if to be effected)—either by Bill of ex: or, on Mr Crawford—either—on his Accot wh the Treasury or his own family Acct

with perfect Esteem & Respect,

I am Dear Sir—Your most Obedt servt

John Barnes,

Note. $10,000, if a 88 for $100 will produce $11,363⁵⁰⁄₁₀₀ on Loan a 6 perCt is $681–⁸¹⁄₁₀₀ per Anm?
Qre as the Genls 20 shares are in 2 Certificates viz 1 of 18 & 1. of 2, whether or not they require—seperate powers—said Certificates—must I presume be endorsed—the Genl Letter not yet translated shall be forwarded to you, per next opportunity—

RC (ViU: TJP-ER); at foot of text: “To Thomas Jefferson Esqr Monticello”; endorsed by TJ as received 7 May 1814 and so recorded in SJL.

1Manuscript: “safty.”

2Omitted closing parenthesis editorially supplied.

3Omitted closing parenthesis editorially supplied.

Index Entries

  • Bank of Pennsylvania; stock owned by T. Kosciuszko search
  • Barnes, John; and T. Kosciuszko’s American investments search
  • Barnes, John; as TJ’s agent search
  • Barnes, John; letters from search
  • Campbell, George Washington; and remittances to T. Kosciuszko search
  • Congress, U.S.; loans contracted by search
  • Crawford, William Harris; and remittances for T. Kosciuszko search
  • Jefferson, Thomas; Business & Financial Affairs; and T. Kosciuszko’s American investments search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; and investment in U.S. government loan search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; and J. Barnes search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; Bank of Pennsylvania stock of search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; remittances to search
  • Monroe, James; and remittances to T. Kosciuszko search
  • Taylor, George; correspondence with search