Philadelphia 1st Feb: 1797.
Your letter of the 16th Ulto has been recd.
If Mr George Fitzhugh has given up the idea of purchasing my land in Gloucester county, I am willing that you should have it on the terms it has been offered to him. which are, for the nett sum it cost me, with interest thereon, from the date of my purchase to the date of my conveyance: one fourth of which to be paid at the signing of the Deed, the other three fourths in three annual payments, with interest.
Although the latter payments would be most agreeable to me, I should have no material objection to wait two years for the second fourth, and annually for the other two fourths; but in either case interest (in order to make myself whole) will be expected.
If, Sir, you are desirous of closing the matter in a purchase, it must not be delayed as others are expressing their wishes to deal for it. If nothing unforeseen prevents it, I shall certainly be at my Seat in Virga by the 20th of March—I expect to be there sooner—but would not calculate upon it. I am—Sir Your most Obedt Hble Servt
P.S. After the first payment I have no objection to the Land as Security for the payment of the remaining three fourths.
DLC: Papers of George Washington.