I received this morning your favour of the 29th of last month inclosing The Rural Repository, in which are the Sentiments of Clericus on the Banks.1 His opinions are too well founded: and his Advice to young Candidates for the Ministry is sound and Salutary. One would think that the People of America had made Experiments enough, to have discovered the nature of Money by this Time. But it is too true that Experience is lost upon Mankind. The Errors of the Fathers are lost to the sons, and every Generation must repeat the same Follies. The Banks are too numerous and each one emits too much Paper. Credit at a Bank has been converted into trading Capital, and that Capital lost in England and France. Distress must ensue.

I have not yet heard of any Bill in Congress making Alterations in the Post Roads: if I should see any such Bill coming forward I will communicate your Observations upon the Subject to some of the members.

I thank you, Sir for the Pleasure you have given me in reading the inclosed Papers which I shall return with this.2

The Prospect before me, of which you Speak in terms of so much kindness and Friendship, is indeed Sufficient to excite very Serious Reflections. My Life, from the time I parted from you at Colledge has been a Series of Labour and Danger and the short Remainder of it, may as well be worn as rust. My Dependence is on the Understanding and Integrity of my fellow Citizens, for Support with submission to that benign Providence which has always protected this Country, and me, among the rest, in its service.

I shall always be glad to hear of your Welfare, and to receive any Communications from you for the Public good. I am sir with great Regard / your humble servant