Bernard Peyton to Thomas Jefferson, 8 May 1823
From Bernard Peyton
Richd 8 May 1823
Dear Sir,
Your note for $2,000, due at the Farmers Bank to=day, was curtailed 10 pr Ct, without any previous notice, say $200, which I paid—This I understand to be a general thing, with all the dealers at that Bank, of course not to be complained of, but think they might have timed it better for their customers—This curtail is to be regular, on both your notes, say $200 each round on the late $2,000 note, & $400 each round on the $4,000 note, until the curtail ceases at the Bank, which will not be, I fear, until they get in their whole debt— This course, together with the refusal of all three of the Banks to discount paper almost entirely, even for 60 Days, renders money exceedingly scarce & the distress very great—
B. Peyton
RC (MHi); dateline beneath signature; endorsed by TJ as received 11 May 1823; notation by TJ at foot of text: “2000—200 4000—400.” RC (MHi); address cover only; with Dft of TJ to John Fry, 2 Dec. [1823], on verso; addressed: “Mr Thomas Jefferson Monticello Charlottesville”; franked; postmarked Richmond, 8 May.
all three of the banks: the Bank of Virginia, the Farmers’ Bank of Virginia, and the Richmond branch of the Second Bank of the United States.
Index Entries
- Bank of the United States, Second, Richmond branch of; TJ’s loan from search
- Bank of Virginia (Richmond); TJ’s loan from search
- currency; paper search
- Farmers’ Bank of Virginia (Richmond); TJ’s loan from search
- Jefferson, Thomas; Business & Financial Affairs; loan from Bank of Virginia search
- Jefferson, Thomas; Business & Financial Affairs; loan from Farmers’ Bank of Virginia search
- Jefferson, Thomas; Business & Financial Affairs; loan from Second Bank of U.S. search
- Peyton, Bernard; and TJ’s loan from Bank of Virginia search
- Peyton, Bernard; and TJ’s loan from Farmers’ Bank of Virginia search
- Peyton, Bernard; and TJ’s loan from Second Bank of U.S. search
- Peyton, Bernard; letters from search