Thomas Jefferson Papers

To Thomas Jefferson from James Brown, 31 October 1791

From James Brown

Richmond 31st. Octbo 1791

Dear Sir

I did myself the Honor of writing you a few days ago to which I crave your reference. I am this night favored with your letter of the 25t. covering a Bank Bill for Fifty Dollars which is to your Credit. I observe the further paiments alloted for me which is well. The inclosed or annexed Copy of a letter from Mr. Short has just got to hand. I beg you will write me as soon as possible what you think I had best do, that an immediate investment take place should you recommend it.—With much Respect & great consideration I am Sir your Obet: Hl: Srt,

James Brown

RC (MHi); endorsed by TJ as received 5 Nov. 1791; addressed: “Thos. Jefferson Esq. Secretary of State Philadelphia”; postmarked: “Richmond, Oct. 3 i.” and “free.” The entry in SJL records receipt of a letter from James Brown dated “Paris Aug. 31”—a transference of the place and date of the letter from Short enclosed in Brown’s.

Brown’s letter of a few days ago was that of 21 Oct. 1791. In the copy of the letter Brown Annexed to this dated at Paris 31 Aug. 1791, Short wrote him about investing his 6% and 3% stock “should Mr. Jefferson advise it.” He gave Brown instructions for reimbursing himself for the expence, and added: “I learn that the whole of the Stock was Subscribed to the Bank the first day of its being opened. If so, I suppose many must have subscribed with a view to speculate by selling their subscriptions. In that case I know not what to advise, perhaps they may be forced to sell at the rate of the Subscription. If they are sold higher I should be unwilling to go too largely in them but will ask the favor of you to consult with my friend Mr. Jefferson and act for the best.”

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