To Victor Marie Du Pont de Nemours1
New York May 12. 1804
I now send you my bond with condition for the payment of One thousand & Twenty seven Dollars & seventy Eight Cents; which sum is thus composed—
|Ballance of principal and interest beyond my notes||Ds. 60.23|
|Difference between simple & compound Interest||967.55|
The statement delivered to you some time since will explain this result. The Bond bears interest only from the first of August next, because the calculation of interest has already been extended to that term.
The payment of principal is deferred to a remote period; but I trust it will be in my power to anticipate that period. The allowance of compound interest being as you know a matter intirely volu[n]tary and not usual, I have supposed that I might without impropriety consult my convenience as to the time of payment.
The multiplicity of my affairs will excuse my delay in completing this business.
With great regard Your Obedient serv
V D P. Esq
ALS, Mr. Henry Francis du Pont, Winterthur, Delaware.
2. Letter not found.