Thomas Jefferson Papers
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Joseph C. Cabell to Thomas Jefferson, 19 October 1814

From Joseph C. Cabell

Richmond. 19 Octr 1814.

Dear Sir,

Your favor of 23d Sepr reached me before I left home: that of 30th since I came to this place. I have already given & shall continue to give to those letters the fullest consideration in my power. We have as yet settled upon no plan of finance or defence: & are waiting to hear the plans of congress. Our difficulties are great & encreasing. Your idea of issuing state certificates ought, & I trust, will be adopted, at least so far as to support the public credit of the state, when the Treasury may happen to be empty. I was the only person in the Senate who voted agt the Bill which has this day passed authorizing the two Banks in this city to issue notes under five dollars. I should be extremely thankful for any further communications you may at any time be pleased to make me: feeling myself always highly gratified & instructed by any views which you take of any subject. I am dear Sir, most respectfully & sincerely yours

Jos: C: Cabell

RC (ViU: TJP-PC); endorsed by TJ as received 21 Oct. 1814 and so recorded in SJL.

On this day the Virginia General Assembly passed “An Act concerning the Bank of Virginia and Farmers’ Bank of Virginia,” which allowed those institutions to issue $1, $2, and $3 notes until six months following the termination of the current war with Great Britain (Acts of Assembly description begins Acts of the General Assembly of Virginia (cited by session; title varies over time) description ends [1814–15 sess.], 65–6).

Index Entries

  • An Act concerning the Bank of Virginia and Farmers’ Bank of Virginia (1814) search
  • Bank of Virginia (Richmond); banknotes of search
  • banks; currency issued by search
  • banks; in Va. search
  • banks; J. C. Cabell on search
  • Cabell, Joseph Carrington; and TJ’s ideas on finance search
  • Cabell, Joseph Carrington; letters from search
  • Cabell, Joseph Carrington; on banks search
  • Congress, U.S.; mentioned search
  • currency; paper search
  • Farmers’ Bank of Virginia; currency issued by search
  • Jefferson, Thomas; Opinions on; government finance search
  • political economy; and wartime finance search
  • political economy; TJ’s letters on finance search
  • Richmond, Va.; Farmers’ Bank of Virginia search
  • Virginia; banks in search
  • Virginia; General Assembly search
  • Virginia; Senate search
  • Virginia; treasury of search
  • Virginia; wartime financing in search
  • War of1812; U.S. financing of search