Patrick Gibson to Thomas Jefferson, 27 July [1818]
From Patrick Gibson
27th July
Sir
Since writing you of this date I have received the above notice, You will therefore be pleased to fill up the note for $2625.— I fear this unexpected resolution will occasion much distress, as it will without doubt oblige the State banks to curtail, so as to meet the demand, which this ma[y] produce upon them (to the amt of $700.000) and which they are not in a situation to do without it Respectfully Yours
Patrick Gibson
the note had better be sent blank as the Bank may curtail more than 12½ pct
RC (MHi); partially dated; edge trimmed; subjoined to RC of Julius B. Dandridge to TJ, 25 July 1818; endorsed by TJ as received 30 July 1818 and so recorded in SJL.
Index Entries
- Bank of the United States, Second, Richmond branch of; TJ’s loan from search
- banks; distressed situation of search
- Gibson, Patrick; and TJ’s loan from Second Bank of U.S. search
- Gibson, Patrick; letters from search
- Jefferson, Thomas; Business & Financial Affairs; loan from Second Bank of U.S. search