To Thomas Jefferson from Tench Coxe, 9 April 1793
From Tench Coxe
April 9. 1793
Mr. Coxe has the honor to inform Mr. Jefferson that Dutch Bills remain difficult to procure, and that English Bills can be obtained at 162½ ⅌Ct. being a Discount of £4.3.4 Curry. upon the £100 Stg. Mr. Coxe continues to think it extremely hazardous to remit by bills on Holland. Indeed he takes the liberty to say he would by no means risque them.
Mr. Jefferson will be able to procure such part of the sum as may not be immediately necessary upon as good or lower terms a few days hence.
The Bank is not drawing on Britain or Holland.
RC (DLC); endorsed by TJ as received 9 Apr. 1793 and so recorded in SJL.
Coxe also wrote the following note to TJ on 10 Apr. 1793: “Mr. Coxe has the honor to inclose to Mr. Jefferson a Note just received from Mr. Vaughan. He takes the liberty to observe that the bills are such as he should deem good” (RC in DLC). The enclosed note of the same date from John Vaughan to Coxe stated: “I have ingaged Three thousand Pounds Willing Morris & Swanwicks Bills four hundred pounds Genl. Stewart and Expect to Complete the whole this afternoon. Whose order Must the Bills be to and how am I to call for the Needful. WMS I beleive would be glad of some Money immediately” (RC in DLC; at foot of text: “Exe. 162½”). See also Vaughan to TJ, with Jefferson’s Note, 11 Apr. 1793.