Thomas Jefferson Papers
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Statement of Interest Account with John Barnes, 4 May 1803

Statement of Interest Account with John Barnes

Interest account between J. Barnes & Th: Jefferson from 1801. Mar. 4. to 1803. May 4.

1801. Monthly
balance
Int. of
month
at
6.p.Ct.
Articles of discount between those dates paid by Th:J. extracted from the accounts.
Mar. 4. 316. 485 1.58 D
Apr. 4. 316. 40 1.58 1801. July 25. 10. 50
in favr Th:J. May 4. } Oct. 9. 21.
June 4. Dec. 3. 7.
July 4. 1802. Jan. 1. 5. 35
Aug. 4. 1815. 41 9.07 8. 10. 70
Sep. 4. 29. 69 .15 May 5. 21.
30. 1814. 9.07 July 14. 21.
Nov. 4. 3071. 98 15.36 96. 55
Dec. 4. 2656. 99 13.28
1802.
Jan. 4. 5689. 97 28.45 The above discounts being so much interest paid to the bank, is of course a deduction from the interest which would otherwise have been payable to mr Barnes.
Feb. 4. 5646. 87 28.23
Mar. 4. 4361. 705 21.81
Apr. 4. 4398. 805 21.99
30. 5446. 27.23
May 31. 5757. 50 28.79
July 4. 3341. 50 16.71
Aug. 4. 3651. 60 18.26 The interest is carried out in the first instance at 6. pr. cent because a month’s interest at 6. pr. cent is so easily noted, to wit, by carrying the dot 2. figures back,
Sep. 4 1569. 915 7.85
Oct.4 }
favr. Th:J thus 3.16485 and then
Nov. 4. 805. 70 4.03 halving it thus  1.58 which gives
Dec. 4. 1368. 70 6.84 int. of a month @6. pr. cent;
& adding ⅙
 .26 gives int. of
1803. a month at  1.84 7. pr. cent.
Jan. 4. 2268. 50 11.34 or (which is the same thing) add the articles of 6. per cent, and, by a single operation, lay ⅙ on the whole
Feb. 4 2937. 14.68
Mar. 4. 3030. 15.15
Apr. 4. 3874. 19.37
May 4. 3239. 50 16.20
337.02
add ⅙ to make 7.p.c.  56.17
393.19
deduct discts. paid  96.55
296.64

MS (CSmH); entirely in TJ’s hand.

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