Edmund Bacon to Thomas Jefferson, [15] November 1817
From Edmund Bacon
Novr 16th [15] 1817.
Sir.
I find it is necessary that I should arrainge all my little might of money to the best advantage that none should lie without drawing Interst altho it would be compound interst yet I Consider it Just. I dont wish to draw a single dollar out of your hands if it soots you to give me interst upon the whole amount say $1247.27. it is what I would Prefer. otherwise it would be more to my advantage to draw the common interst and Put it out with some one tho Prefer you would Keep it upon the above terms I am Yours &C
E: Bacon
RC (MHi); misdated; dateline at foot of text; addressed: “Mr Jefferson”; endorsed by TJ as a letter of “Nov. 16. for 15.” received 15 Nov. 1817.
On 12 Nov. 1817 TJ recorded the settlement of his account with Bacon, finding that on 22 Sept. 1817 (“when the year’s wages became due”) he owed Bacon $1,102.09 in principal, and that he “calculated all the interest to Dec. 31. next when it will be 145.18 D. making in all 1247.27” (, 2:1339).