James Madison Papers

To James Madison from Albert Gallatin, 7 February 1806

Treasury Department Feby. 7th. 1806


I have the honor to enclose copies of letters from the collectors of Boston, New York, and Philadelphia, by which it appears that the distinction between the specie & current Rixdollar of Denmark is well understood, that whenever the invoices are made in current money, they are not valued at more than 75 cents pr Rixdollar; that it is only when such invoices are made in specie Rixdollars that they are valued as such; and that no complaints on that subject have been made. I apprehend that the case or cases alluded to by Mr. Pedersen must have arisen from a mistake in the parties, by their making out their invoices in such manner as to have conveyed the idea that specie & not current Rix dollars were meant. I have the honor to be with the highest respect Sir Your obedt. Servt.

Albert Gallatin

DLC: Papers of Albert Gallatin.

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