Thomas Jefferson to Thomas Mann Randolph, 1 May 1820
To Thomas Mann Randolph
Monticello May 1. 20
Dear Sir
In my letter of Apr. 10. on the subject of the loan of 40, thousand dollars to the Visitors of the University, I stated that they would prefer obtaining the remaining 20,000.D. which they were authorised to borrow, from the Literary fund also rather than from any other. I beg leave to recall the attention of the Directors of that fund to this proposition, and to ask their determination, as we cannot venture to make the necessary contracts until we are sure of obtaining funds to carry them into effect. if we can be sure of recieving the money a twelve month hence, it would be more advantageous to the University, as saving a year’s dead interest; but if that delay would render the reciept uncertain we must yield to that sacrifice by recieving it1 whenever it shall be most convenient for the Literary fund.
Th: Jefferson
RC (DLC); addressed: “His Excellency Thomas M. Randolph President of the board of Directors of the Literary fund Richmond”; endorsed by Randolph, with his additional notation: “Rector of University.” PoC (ViU: TJP); on verso of reused address cover of Archibald Stuart to TJ, 28 Jan. 1820; endorsed by TJ as a letter to the “Literary board.” Recorded in SJL as a letter to Randolph, with bracketed notation: “Lity board.”
1. TJ here canceled “imme.”
Index Entries
- Literary Fund; and loan for University of Virginia search
- Randolph, Thomas Mann (1768–1828) (TJ’s son-in-law; Martha Jefferson Randolph’s husband); as Literary Fund president search
- Randolph, Thomas Mann (1768–1828) (TJ’s son-in-law; Martha Jefferson Randolph’s husband); letters to search
- Virginia, University of; Board of Visitors; and loans for University of Virginia search