From James Madison
May 30th, 1796.
Congress will adjourn the day after to-morrow. News as late as April 8 from London; peace likely to take place between France and England; provisions falling much in price, both in F. and G.B. The moneyed distresses reviving in the latter, and great alarms for a terrible shock to the Banking and Mercantile Houses.
MS not found; text reprinted from Madison, Letters, description begins William C. Rives and Philip R. Fendall, eds., Letters and Other Writings of James Madison … Published by Order of Congress, Philadelphia, 1865, 4 vols. description ends ii, 105. The missing RC is recorded in SJL as received 23 June 1796.