James Madison Papers
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https://founders.archives.gov/documents/Madison/02-91-02-0268

To James Madison from Joseph Pitcairn, 26 January 1802

From Joseph Pitcairn, 26 January 1802

Hamburg 26 Janry. 1802.

Sir

I had this honor on the 2 of last month when I acknowledged receipt of your Circular of the 1st. August, together with those for the Consuls in this neighbourhood which have been forwarded to them.

I have written our Minister at Paris respecting the Accounts with the Government for 1802. Those for last year are now inclosed, with such details as have seemed to me you might desire. Supposing the money expended in equal monthly proportions 6 Months Interest would be exactly right, but the large payments are during the Winter. Therefore I am no gainer thereby. The loss on Exchange has appeared such and hitherto, no Individual here could sell [. . .] bills at that discount. I have therefore drawn as in former years for the Sum due @ 30 days after Sight, dated 7 January and to this I hope you will dire⟨ct⟩ payment. Do. 600. 73/100 in favour Daniel McCormick.

I also inclose you the list of American Vesse⟨ls⟩ which arrived here since the 1 July. The colums wil⟨l⟩ I hope be found as complete as the business wi⟨ll⟩ permit, having taken particular pains to rend⟨er⟩ them so.

What I mentioned in my former letters of our Ships obtaining freights or purchasers among the Nations lately at War is now verified, with Holland, the Dutch Gouvernment having gran⟨ted⟩ permission for the Employment of foreign bui⟨lt⟩ Vessels, in their Colonial trade. The french even Spaniards will probably imitate the example. With Great Respect Sir I have the Honor to be Your Most Ob Set.

Jos: Pitcairn

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