Thomas Jefferson Papers

Resolution of the President and Directors of the Literary Fund, 28 February 1820

Resolution of the President and Directors of the Literary Fund

At a Meeting of the President & Directors of the Literary Fund, on Monday1 the 28th of Feby 1820.2

A Letter having been laid before the Board from James Breckenridge, Joseph C. Cabell and Chapman Johnson, requesting a loan of sixty thousand dollars, on behalf of the Visitors of the University of Virginia,3 for the purpose of finishing the buildings;—

Resolved, that the President be authorized to state, on behalf of this Board, their willingness to make the loan required, should their funds enable them so to do;—upon condition that the Visitors of the University shall repay the principal sum lent, in five years, in equal annual instalments, the interest to be also annually paid, and shall pledge in legal and proper form the annual appropriation made by law to the said University, for the payment of the Interest and the redemption of the principal so lent.—The Board will engage positively to advance the sum of ten thousand dollars on the first day of April next; and such farther sum on that day, not exceeding in the whole twenty thousand dollars, as the state of their funds will admit:—the residue to be advanced during the year in convenient instalments, provided their resources, to be derived from claims on the General Government, or from other sources, be adequate.—

Tr (ViU: TJP); in William Munford’s hand, with his signed attestation as clerk of the Literary Fund at foot of text: “(A true extract from the proceedings of the Board—)”; addressed by Thomas Mann Randolph: “Thomas Jefferson”; endorsed by TJ: “Literary board. Feb. 28. 20. Loan.” MS (Vi: RG 27, Virginia Literary Fund Minute Book); in Munford’s hand; signed by him and by Randolph as president of the Literary Fund following remainder of day’s minutes.

For the letter from Breckinridge, Cabell, and Johnson, see note to Johnson to TJ, 28 Feb. 1820.

1Word interlined in MS in place of “Wednesday.”

2MS here adds “Present the Governor, Lieutenant Governor, Attorney General, and Treasurer” (Thomas Mann Randolph, Peter V. Daniel, John Robertson, and Jerman Baker, respectively).

3Preceding two words not in MS.

Index Entries

  • Baker, Jerman (1776–1828); as treasurer of Va. search
  • Breckinridge (Breckenridge), James; as member of University of Virginia Board of Visitors search
  • Cabell, Joseph Carrington; and funding for University of Virginia search
  • Daniel, Peter Vyvian; as lieutenant governor of Va. search
  • Johnson, Chapman; as member of University of Virginia Board of Visitors search
  • Literary Fund; and loan for University of Virginia search
  • Literary Fund; resolutions of the president and directors search
  • Munford, William; as clerk of Va. Literary Fund search
  • Randolph, Thomas Mann (1768–1828) (TJ’s son-in-law; Martha Jefferson Randolph’s husband); as Literary Fund president search
  • Robertson, John (1787–1873); as attorney general of Va. search
  • Virginia, University of; Board of Visitors; and loans for University of Virginia search