To James Madison from John O. Lay, 2 July 1825
From John O. Lay
Richmond 2nd. July 1825
Sir
I herewith hand you enclosed a Certificate for $548.111 being the balance due you on account of Sales 6 Hhds. Tobacco as per statement annexed and which sum is deposited to your credit subject to your order, in the Farmers Bank of Virga.
The Sales referred to were transmitted you by mail 20th. inst.,2 the Certificate has been delayed for a Bill from the Mechanic for an Augur (which was not rendered until yesterday) to enable me to ascertain the balance. Yours Respy.
Jno. O. Lay
Wheat sells at 90 cts. Tobacco fully maintains the late prices. Corn 45 c. per Bushel.
[Enclosure]
| James Madison in acct. with Jno. O. Lay | |
| 1825 | Dr. |
| May 28 To 3 Sides Soal Leather & 15 lbs. Cotton Yarn per Bills forwarded this date |
29.23 |
| June 6. A Grindstone per do. | 2 46 |
| ” 20. 2 Sacks Salt a $3. | 6 — |
| ” 30. Cash paid for an Augur | 12 — |
| July 2 Bale. to your credit in the Farmers Bank pr. encd. Certificate |
$548.11 |
| $597.80 | |
| 1825 | Cr. |
| June 20 By nett proceeds of 6 Hhds. Tobacco per Sales rendd. |
$597.80 |
E. E. Richmond 2nd. July 1825.
July 5th. Sunday and a Holiday having intervened, I have received yours of the 1st. inst.3 By some mistake No. 9 & 10 were not entered on my Tobacco Book owing I presume to the Waggoner not leaving a Recpt. for them. I shall look at the W. House for them & have them sold immediately.
J. O. L.
RC and enclosures (DLC). RC addressed to Col. James Madison at Orange Court House and postmarked Richmond, 5 July; docketed by JM. For second enclosure, see n. 1.
1. The second enclosure (1 p.) is a certificate of deposit from the Farmers’ Bank of Virginia, dated 5 July 1825, signed by teller William Strother, stating that “Mr. John O Lay has deposited in this Bank to the credit of James Madison,” $548.11, “subject to his order, without the return of this certificate.”
3. Letter not found.