James Madison Papers

John O. Lay to James Madison, 13 July 1825

Richmond July 13th 1825


I duly received yours covering a Check dated 7th: inst. for $500. which is herewith returned you. The former Check in favor of _______ Fowler for the same amt. on the Bank of Va having (at my request) been paid by the Cashier of the Farmers Bank, who has also taken in another small Check of yours say $98. which was drawn on and had been paid at the Bank of Va. I presume by mistake—Your acct. therefore stands closed with the Bank of Va & the Checks drawn on that Bank are paid at the Farmers—

If desireable I can hereafter have your funds placed in Bank at Washington without any inconvenience—Yours Very Respy

Jno. O. Lay

P. S. There is a little improvement in the price of Wheat 93 cts. delivd. here, has been paid for several of the James River crops from below—In one instance a crop has been sold at $1. but on 12 mos. credit.

J. O. L.

RC and enclosure, check (DLC). Docketed by JM.

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