Mo Apr. 8. 23.
I communicated to the Visitors of the University, at their meeting yesterday your favor of the 24th of March which was not recd till the 31st of that month. they were happy to infer from it a disposn in the erary board to save the Institn . the sums and times recieving the loan lately authorised by the legislature would be 30,000D. immediately, 10.MD. 6. mo. hence & 20.M. a 12. mo. hence, should this be inconvent to that board or consistent with the courts of proceedings we would propose 40,000D immedly, & 20M . but if it must be furnished at a single paymt, they must then ask the whole immedly and submit for the instn to the loss of the interest.
I will ask the pleasure of the board at earliest convenience as accept the assurance of my great esteem & respect.
DLC: Papers of Thomas Jefferson.