Thomas Jefferson Papers

Julius B. Dandridge to Thomas Jefferson, 25 July 1818

From Julius B. Dandridge

RICHMOND, JULY 25th, 1818.


I am instructed by a resolution of the Board of Directors of this Office, to notify you, that a curtailment of at least 12 1-2 per cent. to take effect from the first Wednesday in August next, and to continue for at least eighteen weeks, has been determined on. You will therefore please be prepared to pay up at least 12 1-2 per cent. on your notes as they become due for the period above mentioned.

Your’s respectfully

J: B Dandridge Cashr

RC (MHi); printed text, with closing and signature by Dandridge; with RC of Patrick Gibson to TJ, 27 July 1818, subjoined; printed at head of text: “OFFICE BANK UNITED STATES”; based on TJ’s endorsement of subjoined letter, he also received this letter on 30 July 1818, and it is so recorded (as a letter from “Bank US Richmond”) in SJL.

Julius Burbridge Dandridge (ca. 1770–1828), banker, was a nephew of Martha Washington. He became the discount clerk of the Bank of Virginia in Richmond at its founding in 1804. Shortly after it was organized early in 1817, Dandridge was chosen as the cashier of the Richmond branch of the Second Bank of the United States. In 1820 the bank accused him of misfeasance and nonfeasance throughout his tenure, forced him to resign, and sued him and six of his sureties in the federal courts for the $50,000 bond with which he had guaranteed his good performance. The case was eventually appealed to the United States Supreme Court before being remanded to the Circuit Court for Virginia and settled in 1833 with a payment by at least one of the sureties. Meanwhile, Dandridge had died in Richmond after falling from “a narrow path leading along the precipice” of a ravine (WMQ description begins William and Mary Quarterly, 1892–  description ends , 1st ser., 5 [1896]: 36; Washington, Papers, Retirement Ser., 3:436; Marshall, Papers description begins Herbert A. Johnson, Charles T. Cullen, Charles F. Hobson, and others, eds., The Papers of John Marshall, 1974–2006, 12 vols. description ends , 9:324–6, 10:374–95; Richmond Enquirer, 1 Sept. 1804, 29 Apr. 1828, 7 June 1833).

Index Entries

  • Bank of the United States, Second, Richmond branch of; Richmond branch of (subentry to be split apart as time permits) search
  • Bank of the United States, Second, Richmond branch of; TJ’s loan from search
  • Dandridge, Julius Burbridge; as cashier of Bank of U.S. search
  • Dandridge, Julius Burbridge; identified search
  • Dandridge, Julius Burbridge; letters from search
  • Jefferson, Thomas; Business & Financial Affairs; loan from Second Bank of U.S. search