Adams Papers
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From John Adams to Cotton Tufts, 10 October 1790

To Cotton Tufts

NewYork October 10th 1790.

Dear Sir,

I write at this time only to authorise and request you, to subscribe for me, to the new loan, all the final settlements, Loan Office Certificates, Indents, or other paper securities whether of the United States, or particular States, which you have in your hands belonging to me.1 I know not that any more particular power is necessary; if it is, upon notice, I will send it immediately. We remove to Bush-Hill, about two miles out of the City of Philadelphia, in about ten days; Can’t you spare the time make us a visit?2 You would make us very happy. Compliments to Mrs Tufts; should be very glad to see her with you. With usual affection, yours

John Adams.

LbC in CA’s hand (Adams Papers); internal address: “The Honble / Cotton Tufts / Esqr”; APM Reel 115.

1. Under the Funding Act of 4 Aug., three types of federal securities were eligible for sale. JA invested $2,036.32 at 6 percent per annum and $1,784.57 at 3 percent per annum, both beginning 1 Jan. 1791, and $1,018.16 at 6 percent per annum beginning 1 Jan. 1801. AA made similar investments totaling $3,164. Significantly, in tandem with the Adamses’ investment activities, JA also served as a commissioner of the Sinking Fund, for which see the board’s summary report to Congress of 21 Dec. 1790, and note 1, below (JA to Tufts, 23 Dec., MBBS:Colburn Autograph Coll.; AFC description begins Adams Family Correspondence, ed. L. H. Butterfield, Marc Friedlaender, Richard Alan Ryerson, Margaret A. Hogan, Sara Martin, Hobson Woodward, and others, Cambridge, 1963–. description ends , 9:xiv, 95, 197).

2. The Adamses departed the city on 7 Nov. on the New York packet, Capt. Corwin, and reached Philadelphia five days later (AFC description begins Adams Family Correspondence, ed. L. H. Butterfield, Marc Friedlaender, Richard Alan Ryerson, Margaret A. Hogan, Sara Martin, Hobson Woodward, and others, Cambridge, 1963–. description ends , 9:142, 150, 507; New-York Daily Gazette, 8 Nov.; Pennsylvania Mercury, 13 Nov.).

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    Adams Papers
    Title
    From John Adams to Cotton Tufts, 10 October 1790
    Author
    Adams, John
    Recipient
    Tufts, Cotton
    Date
    10 October 1790

    Reference

    Cite as
    “From John Adams to Cotton Tufts, 10 October 1790,” Founders Online, National Archives, https://founders.archives.gov/documents/Adams/06-20-02-0249. [Original source: The Adams Papers, Papers of John Adams, vol. 20, June 1789–February 1791, ed. Sara Georgini, Sara Martin, R. M. Barlow, Gwen Fries, Amanda M. Norton, Neal E. Millikan, and Hobson Woodward. Cambridge, MA: Harvard University Press, 2020, pp. 420–421.]

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