To James Madison from James Monroe, 6 April 1808
Richmond April 6. 1808
Dear Sir
My expenses abroad having exceeded unavoidable ⟨ ⟩ the compensation allowed me in the station I held & the mismanagement of my estate in my absence, make it an object to me to command on loan the sum of about 10,000 dolrs. I should therefore be happy to receive the accomodation from the bank provided it would be willing to make it, on su⟨ch⟩ terms as I could accept, or indeed comply with.
To enable you to answer this proposal it is necessary to give you a statement of my property, & of the security which I would pledge for the reimbursement of the money. I have in Albermarle 2500. acres of as good land as any in the county & about 30. slaves, with furniture stock &ca. I shod. suppose that my property there was worth three times the amount of the sum desired. I have in Loudon on Little river 100 ac⟨res⟩ of excellent land worth, at least, the sum in question. I have a⟨l⟩so property near this place & to the westward of some value. My object is to place in trust as much of any part of this property, as would be deemed an ample security> for a loan double its amount if necessary, in such mode and ⟨to⟩ such person as would be desired. I should of course ⟨ ⟩ by paying interest & ⟨ ⟩ & having ⟨ ⟩. I should however ⟨ ⟩ the latter ⟨ ⟩ than the indorsem⟨ent⟩ wh was to be ⟨ ⟩
In a just view ⟨ ⟩ with the President ⟨ ⟩tion I must accomplish the objects ⟨ ⟩ have in view in about ⟨three⟩ years & perhaps a ⟨ ⟩. The accomodation would ⟨there⟩fore prove of ⟨ ⟩ great service ⟨ ⟩ that the lands ⟨ ⟩ the present note. Therefore ⟨ ⟩ I will not presume to say.
I shall thank you for information whether this arrangement is practicable. If from ⟨ ⟩ you are at liberty to use this ⟨ ⟩ will otherwise ⟨ ⟩ as to yourself doing ⟨ ⟩ I ⟨ ⟩ carrying it into fact ⟨ ⟩ Sir with great esteem very ⟨ ⟩ sert
Jas Monroe
DLC: Papers of James Monroe.