James Madison Papers

To James Madison from Alexander James Dallas, 27 August 1816

27 Aug. 1816

Dear Sir

The Bank Subscription is filled. The deficit of the general returns, 3,000,000. Dollars, was taken by Mr. Girard, in a single line, to the great disappointment of the Brokers and Speculators. I congratulate you upon this event. There is little doubt of the organization of the Bank being republican, and friendly to the Government.

The Cumberland road presents new embarrassments; and I Shall have occasion to trouble you upon the Subject, as soon as I reach Washington, which will probably be on Sunday next. I am, Dear Sir, most respectfully & faithfully Yrs.

A. J. Dallas


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