Adams Papers
Documents filtered by: Author="Adams, John Quincy" AND Period="Adams Presidency" AND Period="Adams Presidency"
sorted by: date (ascending)

John Quincy Adams to Thomas Welsh, 24 January 1798

John Quincy Adams to Thomas Welsh

Berlin 24. January 1798.

My dear Sir.

I received some time ago, though not until after my arrival at this place your favour of 15. July last enclosing a statement of my affairs with which you have the goodness to charge yourself, and an account, coming down to the same month of July.—1 For all the trouble you have taken relative to my little concerns, I feel much obligated to you.— I am happy that you concluded to abandon for sale my share of the theatre; I shall be glad to get rid of it, at as little loss as possible.— With respect to the canal shares, although the expences and assessments become heavy, by continual disbursements with a distant prospect of any returns, yet as I hope the undertaking will eventually succeed, and as it is meant to be productive of public benefit, I do not regret the monies which are thus applied.— I hope however that in future there will be less of that absorption which swallows up all the produce of my little property in America, from year to year, and that upon my return I shall find some sort of income that may contribute to provide me a subsistence; an object infinitely more important since I have become a married man, than it ever was before.

I am desirous of acquiring in the town of Boston, a real property, which may render a profitable rent, and which also may serve me for an habitation when I shall return home.— If therefore you can purchase me an house upon such terms that while I remain absent I may depend upon its renting in such a manner as at least to give the legal interest of the money, and that when I come home I may take it if I find it expedient for my own use, I shall be obliged to you to purchase it for me.— To pay for it, you can draw bills upon Messrs: William & John Willink, merchants at Amsterdam, payable on my account, at 30 or 60 days sight, to an amount not exceeding twelve thousand five hundred current florins of Holland, which as you will be careful to take a favourable moment for the course of exchange, I suppose will give you something more than five thousand Dollars. As it is not equitable however that you should have this constant trouble for me without compensation, I would propose to you to make a charge of two per Cent for drawing the bills and transacting the business, and the same charge for the receipt and payment of any other sums that may in future pass through your hands on my account.— I need not recommend to you, if you should make the purchase the most special caution with regard to the security of the title, as I well know your accuracy in that particular; nor to avoid the purchase of a wooden building which would be perpetually exposed to the dangers of fire.

My brother Charles has no doubt since the date of your letter made another remittance to you on my account, and my mother will pay you also 25 Guineas for me, according to a request in my last Letter to her.— If you should make for me the purchase above indicated you will in future receive annually sums on my behalf to the amount of from 800 to 1000 dollars, and I wish you in proportion as you receive them to place whatever you may have no occasion for, to provide the necessary disbursements, in the most advantageous public funds.2

It is possible that an opportunity may occur to you of making a beneficial purchase for me, but which would not answer as an house for my own residence. In that case I wish you still to make it, as my principal object is to possess a profitable and productive freehold within the town of Boston.— When you draw upon the Messrs: Willink, you will be so good as to give me immediate notice of it, and it would be best to send it by duplicates.— Any letter forwarded under cover to Mr: King in England, or to Messrs: Willink at Amsterdam, or to the American Consul at Hamburg, will reach me in due time.

I will not give you any further trouble to forward Russell’s Centinel, which in my present situation I could not easily receive even if it should constantly and expeditiously arrive in Europe.— You will if you please drop my subscription to that paper.

I say nothing of political affairs, and with my kindest regards to Mrs: Welsh, and your family, and also to that of Mr: Smith, I remain, Dear Sir, your faithful & obedt: hble: Servt:

John Q. Adams.

RC (Adams Papers); addressed by TBA: “Dr Thomas Welsh / Boston”; internal address: “Dr: T. Welsh.”; endorsed: “J Q Adams / Berlin ’98.” LbC (Adams Papers); APM Reel 130. FC-Pr (Adams Papers).

1Not found.

2Although Welsh sought a Boston property for JQA, he reported to AA in a letter of 13 June (Adams Papers) that he had “not heared of an House which would agree with the discription but if I had the Course of Exchange is so much against Holland, that I should not think of doing any thing at present.” Financial difficulties prevented Welsh from managing JQA’s investments in the United States, and after failing to hear from Welsh and learning of his financial situation, JQA instructed Wilhem & Jan Willink in July to hold any bills received on JQA’s account and to disregard previous instructions to pay drafts submitted by CA or Welsh. Ultimately, JQA turned his affairs over to TBA, who returned to the United States with a power of attorney for JQA and a schedule of the “papers and securities left in the hands of Dr: Thomas Welsh.” Included on that list were his shares as an original subscriber in the Middlesex Canal, for which see CFA, Diary description begins Diary of Charles Francis Adams, ed. Aïda DiPace Donald, David Donald, Marc Friedlaender, L. H. Butterfield, and others, Cambridge, 1964–. description ends , 3:151, and his share in the Federal Street Theatre, in which he was an original proprietor, holding a 1/60 share dated 1 Dec. 1794 that was retained until 31 Oct. 1804. JQA’s instructions to TBA included authorization to purchase a residential property in Boston costing up to $10,000 (Mary Smith Cranch to AA, 25 May 1798; to JQA, 12 June, both Adams Papers; JQA to Wilhem & Jan Willink, 24 July; to Welsh, 1 Aug., both LbC’s, APM Reel 133; JQA to TBA, 2 Oct.; to Welsh, 2 Oct., both FC-Pr’s, APM Reel 131; share in Boston Theatre made out to JQA, 1 Dec. 1794, Item D 20; JQA to Elisha Sigourney, 7 Nov. 1804, Item D 51, both MB:Boston Theatre [Federal Street] Records, 1793–1852).

Index Entries