Thomas Jefferson Papers
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Memorandum from John Barnes, 27 May 1803

Memorandum from John Barnes

Geo Town 27th May 1803

Memdm

In J Barnes’s estimates on his Monthly Balances, in Order to Ascertain a reasonable Compensation of 6 per Cent. in Conformity, to the Presidents request, JB have endeavoured, nearly as the several Accts. & Statemts. here Annexed will admit—(allowing for some few, irregularities—making—as well for—as against, the Actual—or exact, debits & Credits.)—that, comparing the total Amt charged say $311 50/ on the several Monthly Balances—with the Average—in the gross Amt. of Balances—say, $308.10. So nearly corrisponding, that JB. flatters himself—will be found pretty Correct, up to the 8 May and ending 8th June. differing only $3 40/ in favor of the Average estimate.—


Summary Estimate, On the Presidents Monthly Balances Compared with the
Average on their gross Amt.
Mar. 31. 1801 to 30t Jany 1802. for 10 Mos. on $16,260. 95. per a/c $89.  " 
Jany. 30 1802. to 10t Jany. 1803 for 12 Mos. on 32,326. 66. do 158. 50
" 10. 1803  to 8 May for 4 Mos. on 13 031.  "  do  64.  "
for 26 Mos. 61,618. 61 311. 50
NB the Average on $61,618. for 26 Mos. say $2370 a 11.85 per Mo. is 308. 10
differs only. 3. 40.

Errors Excepted.

J Barnes.

RC (ViU); endorsed by Barnes: “Estimate of the Presidents Monthly Statements and Balances—from 31 March 1801. to—8 May, and Ending 8 June—1803 with 6 per Ct Int thereon Amotg to $311 50/.”

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