To Thomas Eston Randolph
Monticello Mar. 22. 17.
I sincerely regret that we happen to see the same subject in lights so very different, with respect to the mill. but the rent of a real property must, you know, be a fixt thing. as it’s original cost cannot be varied, so the interest or rent on that cannot vary with daily and transient occurrences, and especially on a lease for time. it is easy to reduce a rent, but impossible to raise it again. the reduction is a permanent annihilation of so much of the capital. In order to approximate nearer to the offer in your letter of the 20th I will change the form of mine, and, retracting the proposition to find the barrels, I will take 200. Barrels of S. F. flour, say 50. Barrels a quarter, delivered at Richmond and of that inspection for the mill and it’s appurtenances including the storehouse. this I fix in future for the permanent rent, never to be departed from. In my former letter I omitted to answer your enquiry as to timber for the repairs of the mill. they may be taken from my lands without charge. ever & affectionately
PoC (MHi); on verso of reused address cover of Samuel L. Mitchill to TJ, 10 Feb. 1817; at foot of text: “Thomas E. Randolph esq.”; endorsed by TJ.
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