Thomas Jefferson Papers

To Thomas Jefferson from George Newbold, 24 September 1804

From George Newbold

New York Septr. 24h. 1804

Thomas Jefferson

Beleiving the enclos’d pamphlet will not be unacceptable to the President of the U. States,—I have taken the liberty of transmitting it for his perusal

With due respect

Geo. Newbold

RC (MHi); endorsed by TJ as received 7 Oct. and “with a pamphlet” and so recorded in SJL, but as received 8 Oct. Enclosure not found.

George Newbold (1780-1858) was a New York merchant who, in 1812, was elected a director of the New York Bank of America. During the Jackson administration, Newbold supported the withdrawal of federal funds from the Second Bank of the United States, ensuring his own bank’s profitability as a leading “pet” institution. In 1832, he became bank president, a position he held until his death. Newbold was also a Quaker and, from at least 1804 through 1838, a member of the New-York Manumission Society (Shrewsbury, N.J., Monthly Meeting Records, Haverford College Library Quaker Collection, Swarthmore College; Frank Otto Gatell, “Spoils of the Bank War: Political Bias in the Selection of Pet Banks,” American Historical Review, 70 [1964], 43-5; J. Smith Homans, ed., “Bank Items,” Bankers’ Magazine, and Statistical Register, 13 [1858], 311; New-York Evening Post, 12 Jan. 1804; New-York Commercial Advertiser, 18 Jan. 1838).

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