Thomas Jefferson Papers

Notes on Personal Finance, 4 June 1805

Notes on Personal Finance

1805. June 4.
in bank 56 .69
Salary for May 2083 .33
borrow bk US. 1979 .
borrow bk Columb. 1484 .25
5608 .02
 
Draughts.
Phila. Short. 500 .
Taggert 86 .42
Roches abt 36 .75
N. York. Gelston 111 .82
Baltim. Spear 230 .
959 .24 964 .99
 
Richmd. bills
Gibs. & Jeff 200
Smith 621 .
Wardlaw 46 .12
Higginbotham 1 100
Kelly 100 .
 
Allen 238 .42
J. Peyton 103 .16
Rogers 67 .42
Lilly 291 .185
Perry 300 .
Hope 464.815 2326 .12
350
2676 .12  

Checks. Barnes abt 328 .875
Lemaire 700
Daugherty abt 100
McCormick 50 .
Carpenter 94 .25
Colston 400 .
Burwell 100 .
Stewart 100 .
Gaines 20 .
Cooper 18 .
Maine 12
Tingey 33 .33   
Webb 50 .50 2006 .955 2 
5648 .065 3 

MS (CSmH); in TJ’s hand, including check marks; several figures overwritten or altered.

June 4: see also Notes on Personal Finance, [ca. 4 June 1805].

borrow bk US.: on 5 June, TJ discounted a $2,000 note on the Bank of the United States, receiving $1,979 in proceeds (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1155).

borrow bk Columb.: on 12 June, TJ discounted a $1,500 note on the Bank of Columbia. After a discount of $15.75, TJ received $1,484.25 in proceeds, which he miscalculated as $1,485.25 in his financial memoranda (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1156).

TJ sent letters to David Higginbotham and John Kelly on 6 June. Neither has been found, but notations in SJL indicate they enclosed $185 and $100, respectively (see Appendix IV). According to TJ’s financial memoranda, the payment to Higginbotham included $83.33 for Michael Hope, with the remainder to be credited to TJ’s account. The money sent to Kelly included $50 in charity for Bartholomew Kindred, with the remainder to be credited to TJ’s account (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1155).

A 6 June letter from TJ to Gabriel Lilly has not been found, but a notation in SJL indicates it enclosed $1,465 (see Appendix IV). According to TJ’s financial memoranda, the amount was applied as follows: $238.42 to Hancock Allen for sawing; $103.16 to John Peyton for “sadlery, hauling &c.”; $67.42 to John Rogers to settle an outstanding debt for hay, wagonage, and beef; $300 to John Perry; and $464.815 to Michael Hope. The remaining $291.185 was applied toward sundry smaller Monticello accounts for hauling, fodder, lime, corn, and hiring of enslaved labor (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1149, 1155-6; TJ to Thomas Mann Randolph, 2 June).

TJ paid $328.875 to John Barnes on 14 June (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1156).

On 6 June, TJ paid Étienne Lemaire $700 in partial settlement of his President’s House accounts for 28 Apr. to 1 June. On the same date, he paid $51.845 to Joseph Dougherty (Daugherty) for his stable account (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1154-5).

On 3 June, TJ paid the Reverend Andrew T. McCormick $50 for “one year’s subscription,” presumably for his membership at Christ Church, the Episcopal parish in Washington where McCormick was rector (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1154; Vol. 36:225n; Vol. 44:734; Vol. 45:159-60; TJ to McCormick, 6 Nov. 1807).

Carpenter: see Statement of Account with Thomas Carpenter at 24 Jan. 1805.

Colston: on 6 May, TJ agreed to purchase “2. Negro men,” Isaac and Charles, from William T. Colston of Alexandria, payable in installments of $400 at 30 days and 60 days sight, respectively. TJ paid the first $400 note on 6 June and the second on 5 July. Isaac (b. 1768) and Charles (b. 1785) remained in TJ’s possession for many years, although little is known about either. Both appeared on slave rolls TJ compiled during his retirement, with Isaac affiliated with Monticello while Charles, who was married to Aggy Hern (1789-1815), labored at Lego (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1153, 1155, 1157; Betts, Farm Book description begins Edwin M. Betts, ed., Thomas Jefferson’s Farm Book, Princeton, 1953 description ends , pt. 1, 128-31; RS description begins J. Jefferson Looney and others, eds., The Papers of Thomas Jefferson: Retirement Series, Princeton, 2004- , 15 vols. description ends , 4:386-7; 12:303).

For the $100 borrowed from William A. Burwell, see TJ to Gibson & Jefferson, 27 May. TJ repaid Burwell on 6 June (MB description begins James A. Bear, Jr., and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767-1826, Princeton, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1155).

For TJ’s payment to Gilbert Stuart (Stewart), see TJ to Stuart, 18 June.

1Entry interlined.

2Figure interlined above four canceled sums.

3Figure written below three canceled sums.

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