From Robert Patton
Fredbg. 17th. March 1818
At a late Meeting of the President & directors of the Steam boat Company I discovered your Stock had never been delivered but was in possession of the Secretary who delivered it to me and I now Send it under Cover five Shares; five perCent was the dividend for the last Six Months up to 1st Jany last is at Your Credit on the books. I am with much respect. Your mo Ob St
RC and enclosure (DLC). Addressed to JM at Orange and marked “favoured by Mr R Madison.” Cover docketed by JM, “Steam boat shares.” The enclosure (1 p.) is a stock certificate, dated 10 Mar. 1815, for five shares of the Potomac Steam Boat Company worth $500 at purchase.
1. Robert Patton (d. 1828) was a Scottish-born Fredericksburg, Virginia, merchant (Fredericksburg Virginia Herald, 5 Nov. 1828; PJM description begins William T. Hutchinson et al., eds., The Papers of James Madison (1st ser., vols. 1–10, Chicago, 1962–77, vols. 11–17, Charlottesville, Va., 1977–91). description ends , 14:273 n. 3).