Richmond Augt 5. 1819
My Dear Sir
It is with the greatest pain & mortification I communicate to you that I was obliged to suffer a protest the day before yesterday. Until within a few days of its happening I was under no fear of it; I made every effort in my power to prevent it but without effect. The people who have money think they can not get its value & those who have it not in hand, will not make engagements for money. My monies are abundant to my debts & leave me a considerable surplus if my property sells for any thing like its value six years ago. I will tomorrow convey my property to trustees to oversee the payment of my debts and particularly my endorsers. Your engagement for me is of such a character that it imposes upon me the strongest obligation to make provision for you. notes endorsed by you are both in the U.S.B. the board has promised to renew my notes with out any other endorser, in consequence of the conveyance I have made. In this way I think it impossible you can suffer any inconvenience ample time will be given to ensure the property selling for its value. My name will not longer serve you at the Farmers Bank, where I believe too you will be required to give a town endorser, which it will be less difficult to get proven and you make it payable to some country Gentn who is known. If I cou’d possibly have foreseen such a state of things nothing cou’d have induced me to embarrass you, believe my dear Sir, it is not enough that you acquit me of every thing improper & intentional, if I am the cause of your being uneasy or being put to inconvenience I shall never forgive myself. I will in time enclose you two notes.
W. C. Nicholas
DLC: Papers of Thomas Jefferson.