Thomas Jefferson Papers

Patrick Gibson to Thomas Jefferson, 27 July [1818]

From Patrick Gibson

27th July


Since writing you of this date I have received the above notice, You will therefore be pleased to fill up the note for $2625.—   I fear this unexpected resolution will occasion much distress, as it will without doubt oblige the State banks to curtail, so as to meet the demand, which this ma[y] produce upon them (to the amt of $700.000) and which they are not in a situation to do without it   Respectfully Yours

Patrick Gibson

the note had better be sent blank as the Bank may curtail more than 12½ pct

RC (MHi); partially dated; edge trimmed; subjoined to RC of Julius B. Dandridge to TJ, 25 July 1818; endorsed by TJ as received 30 July 1818 and so recorded in SJL.

Index Entries

  • Bank of the United States, Second, Richmond branch of; TJ’s loan from search
  • banks; distressed situation of search
  • Gibson, Patrick; and TJ’s loan from Second Bank of U.S. search
  • Gibson, Patrick; letters from search
  • Jefferson, Thomas; Business & Financial Affairs; loan from Second Bank of U.S. search