Thomas Jefferson Papers

To Thomas Jefferson from Van Staphorst & Hubbard, 28 August 1798

From Van Staphorst & Hubbard

Amsterdam 28 August 1798


We have before us your very esteemed favors of 30 April and 1 May.

You have greatly obliged us by your explanation of the paragraph in a former letter, concerning Land Speculators. We are entirely of your opinion on that Subject. With Mr. Greenleaf We never had any the least dealings.

We close your account Current with us, by the Bond You have forwarded for ƒ2800.— payable the 25 December 1802 to our order.

Owing to the failure of our late Correspondents Messs: Harrison & Sterett of Philadelphia, We beg of you to pay as they fall due the Interest and Reimbursments of the aforegoing and of your two preceeding Bonds in our favor, for $1000 each, unto Messs: Danl. Ludlow & Co. of New York; whose receipts for same, We do hereby promise and engage ourselves to hold of equal validity, as if they had been Signed by ourselves.

Your Letter to the Baron von Geissmar was forwarded and inclosed you have his reply to it.

General Kosciuszko negotiated in Paris, by the assistance of our Jacob van Staphorst the Bills of which you inclosed us the Thirds.

ƒ6315.16.— on Kunckel Ruys & Co. } which were duly honored.
 3157.18. " I. F. & I. Dutilh

Whenever We shall receive any remittance for the Dividends on his effects in the Bank of Pennsylvania, you may depend upon our holding their amount at his immediate disposal, as well as of our readiness to render him the useful or agreeable Services in our Power; of which We a few days ago had the opportunity to furnish him a proof.

We are with greatest esteem Sir! Your mo. ob: hb: Servants

N & J. Van Staphorst & Hubbard

Dupl (DLC); in a clerk’s hand, signed by the firm; at head of text: “Dupl.”; at foot of first page: “Ths. Jefferson Esqr. Philadelphia”; endorsed by TJ as a letter of 22 Aug. 1798 received 22 Jan. 1799 and so recorded in SJL. RC (same); in a clerk’s hand, signed by the firm. Tripl (same); in a clerk’s hand, signed by the firm; at head of text: “Orig: Via New York per Nordiske Uänskape. SkiogStrom. Dupl: New York per Union. Phipps” and “Tripl.” Enclosure: Baron von Geismar to TJ, 11 July 1798 (see note to TJ to Van Staphorst & Hubbard, 30 Apr. 1798).

Sometime probably between mid-July 1798 and mid-January 1799 John Barnes made a rough note of the proceeds of dividends on Tadeusz Kosciuszko’s bank of Pennsylvania stock. Barnes calculated that the half-yearly dividend on 30 shares would be $480, which after the deduction of his own commission of one-half of one percent would be $477.60. With the addition of a similar dividend expected on 14 Jan. 1799 the total would come to $955.20. Barnes added an “advance” of $ 184.80 to bring the total to $1,140, the amount that according to his calculation would purchase 3,000 guilders (MS in MHi; in Barnes’s hand on a scrap, endorsed: “Memdm. G K—”; with unrelated calculation of figures, probably by TJ, on verso).

Opportunity to furnish him a proof: see Tadeusz Kosciuszko to TJ, [24–29 Aug. 1798].

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