Thomas Jefferson Papers
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John Barnes to Thomas Jefferson, 5 August 1816

From John Barnes

Geo: Town—5th Augst 1816.

Dear Sir—

On recpt of your favr 27th Ult in Ansr to mine of the 18th I judge it proper to present you with a View or statemt of Genl K. resources with me; in Order to favr a Simi Annual remittance to him.

1st Jany To his Bale due as Remitted to him And acknowed by his later lettr 17th Aprl 1080.65.
Aprl 4th By his quarterly Int. recd on his $12.500 6 ⅌Ct Stock Net } 182.82.
July 2d By   d   d       do 182.82.
Mar. 21st { from this sum deduct the difference between JB. purchase of Coa Bank Stock and Sale of US. Certificates & Int. &a &a therein—viz.   50.   1396.29.
for 46
Sepr 20th By (to receive1 presume) on said 46 whole shares Bank of Columa say on $4600—for $100 Each
presume—8 ⅌Ct—$184. 
Negt       4.60 179.40.
Octr 1t By (to receive)2 3 Mos Int. on the above 6 ⅌Ct Net 182.82. 362.22.
Over Anxious to remit the good Genl and fearing some Accident might delay your Ansr I sought every opporty to avail my self of a sett of ex—and on the 25th Ult the Only One that offered—of which I inclose you the 3d sett at 30 days Only—most favble and hastened—thro favr of Mr Monroe to whose Care I deposited 1t & 2d sett together with my Letter to Genl K. under Cover of each to Messrs Baring Brothers & Co London—of which you herewith Receive Duplicates—
I have now to deduct from the above sum viz—
July 25. Smith & Riddle (of Richmond) a Sett of Ex. for £200. Sterg drawn By A P. Heinrich Esqr (of Baltimore) on John Rapp Esqr of London a 30 days in favr and endorsed by themselves.—a 20 ⅌er Cent advance Amot 1066.66.
   Negotn &a &a 21.33. 1087.99.
leaves (the presumed) Amot in hand the 1t Octr $670.52.
would not purchase, at the present rate of Ex—more than £123. pound Sterg Nevertheless—it is not probable this extra ex. will Continue long—with Reference to transferring his 6 ⅌Ct Certificates & Bank Stock—in his Name, I shall endeavour to effect & advise you but from the present unsettled State of the Public & Bank Stock—generally it will require some time to judge of the expedience—the profit & loss Attending it—to which I shall pay every Attention—and Advise you—
You will please Notice to deduct from the above $670.52 
the presumed—recd sums 20 Sep & 1 oct Amt 362.22
leave a Bale in my hands—at this present—of $308.30  only
with the Greatest Esteem—I am Dear Sir your most Obedt

John Barnes,

RC (ViU: TJP-ER); with repeated sum at head of second page editorially omitted; at foot of text: “Thomas Jefferson Esqr Monticello”; endorsed by TJ as received 11 Aug. 1816 and so recorded in SJL. Enclosures: (1) Barnes to Tadeusz Kosciuszko, Georgetown, 31 July 1816, acknowledging receipt on 17 July of Kosciuszko’s letter of 15 Apr. 1816 (not found); reporting that the delay in sending a remittance earlier in the year was due to the “very Extra Exchange” rate of 20 to 25 percent, but that since the rate had not subsequently declined, he had made “the first favorable purchase—a Sett for £200 Sterling a 30 days sight Only—and this day inclosed to Messrs Baring & Brothers in London—to whose Care this is addressed with particular request to remit you the proceeds by the Earliest Conveyance—in the Hope that the Ex: between London & Soleure—may be in your favr”; and promising another remittance in the ensuing autumn as soon as a favorable opportunity offers (Tr in ViU: TJP-ER; entirely in Barnes’s hand and signed by him; at head of text: “Copy”; at foot of text: “Genl Thads Kosciusko at Soleure Switzerland in Care of Baring & Brothers London”). (2) Barnes to Baring Brothers & Company, Georgetown, 31 July 1816, enclosing the preceding; stating that while he was “Anxious to remit” £400 sterling, the high exchange rate of 20 to 25 percent induced him to send for the enclosed bill of exchange of “A P. Heinrich Esqr on John Rapp Eqr of London a 30 days in favr of and endorsed—by Smith & Riddle—for two hundred pound sterling—which I trust will be duly Hond and soon as paid the Net proceed thereof—you will have the goodness to transmit to Genl Kosciusko at Soleure—in Switzerland”; hoping that “a more favorable ex. from London may favr yr Remittance”; and asking to be notified when the bill is “Recd—and Accepted—or Noted for Non-Acceptance—to advise for my Goverment” (Tr in ViU: TJP-ER; entirely in Barnes’s hand and signed by him; at head of text: “Copy”; at foot of text: “Messr Baring & Brothers London”). Other enclosure not found.

TJ’s favr to Barnes of 27 July 1816 is recorded in SJL but has not been found.

1Manuscript: “recive.”

2Manuscript: “recive.” Omitted closing parenthesis editorially supplied.

Index Entries

  • Bank of Columbia search
  • Baring Brothers & Company (London firm); and remittances to T. Kosciuszko search
  • Barnes, John; account with T. Kosciuszko search
  • Barnes, John; and T. Kosciuszko’s American investments search
  • Barnes, John; letters from search
  • Barnes, John; letters to accounted for search
  • currency; exchange of search
  • Great Britain; exchange rate in search
  • Heinrich, A. P. (of Baltimore) search
  • Jefferson, Thomas; Business & Financial Affairs; and T. Kosciuszko’s American investments search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; account with J. Barnes search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; and investment in U.S. government loan search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; Bank of Columbia stock of search
  • Kosciuszko, Tadeusz (Thaddeus) Andrzej Bonawentura; remittances to search
  • Monroe, James; and conveyances to and from Europe search
  • Monroe, James; and remittances to T. Kosciuszko search
  • Rapp, John (of London) search
  • Smith & Riddle (Richmond firm); and remittances to T. Kosciuszko search
  • Treasury Department, U.S.; and government stock search
  • United States; and government stock search