James Madison Papers

To James Madison from James Leander Cathcart, 1 February 1804 (Abstract)

§ From James Leander Cathcart

1 February 1804, Leghorn. No. 2. Enclosed his accounts with the U.S. up to 31 Dec. 1803 with his 28 Jan. 1804 letter. “At present I send you a copy of a negotiation with Mr: Anthony Dugan1 for bills upon you for 5000 dollars at 5 perC: discount on the ammount receiv’d which makes a considerable difference between the terms of this negotiation & that for 20,000 dollars negotiated by Messrs. Degen & Purviance at 10 perC. discount on the bills, which will prevent me in future from having any farther connection with that house, or indeed with any other while I am present myself, as the system pursued by gentlemen in trade in this part of the world is pretty much the same. I have frequently requested to be furnish’d with a credit upon London which would save a considerable sum in exchange, especially if the crew of the Philadelphia is to receive their supplies from this port. The above sum of five thousand dollars will be expended for cloathing as per: the enclosed list2 & will be accounted for in this years disbursments, if government continues their salary the same as before their capture then will the cloaths & cash be charged to the individuals in like manner as slops & deducted from their wages, but if government only allows them a certain sum to maintain them as was the case at Algiers, then the cloathing will be charged to government.

“On the 30th: Ulto: I was honor’d with a letter from Comodore Prebble enclosed is a Copy thereof with my answer,3 I am happy that I have in part anticipated his wishes; & will carry on the work myself with all possible dispatch when ever he gives me the necessary orders & furnishes me with funds; that is provided this government places no impediment in the way of my operations which I intend to be inform’d of during this week.”

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