On this day execution of a complementary tripartite deed of trust completed this transaction. The three parties were Randolph and his wife, Jane H. Nicholas Randolph; Edmund Christian, the bursar of the College of William and Mary, and Peachy R. Gilmer; and the President and Masters or Professors of the College of William and Mary. In language closely following the above bond, William and Mary agreed to lend Thomas Jefferson Randolph $24,705, the first $20,000 of which would be used to settle the bond in that amount owed to the Second Bank of the United States. As collateral, the Randolphs conveyed to Christian and Gilmer the 2,719-acre tract that TJ had deeded earlier that month to his eldest grandson, with the condition that this new conveyance would be void unless the Randolphs defaulted on the loan. If they did default, Christian and Gilmer were authorized, at the request of William and Mary, “verbally or in Writing to expose for Sale at publick auction the premises hereby conveyed having first advertised the time & Place of Sale for four Weeks in Some Newspaper published in the City of Richmond for ready Money and out of the proceeds of Such Sale they Shall first pay the expences attending the execution of this trust then the full amount of the debt from the Said Randolph to the President and Masters or professors of the College of William and Mary in Virginia including principal and Interest and lastly the surplus if any to the Said Randolph his heirs or assigns” (Tr in Bedford Co. Deed Book, 17:301–3, with both Randolphs, Christian, and Gilmer as signatories; delivered to the Albemarle County Court by Jane Randolph in the presence of Samuel Carr, Eppes, and Dabney O. Carr; certified in Albemarle County on 22 Jan. 1823 by Martin Dawson and Samuel Carr, who confirmed that Jane Randolph had signed it willingly; acknowledged by Thomas Jefferson Randolph in Richmond on 25 Jan. and certified by John H. Eustace and Thomas Brockenbrough; acknowledged by Christian in Richmond on 11 Mar. and certified by William H. Fitzwhylsonn and William Tazewell; acknowledged by Gilmer at the office of Bedford County clerk James Steptoe on 17 Mar. 1823 and admitted to record; attested by Steptoe).

A missing letter from TJ to Thomas Jefferson Randolph of this date is recorded in SJL, with the additional bracketed notation: “deed. bond. fresh.” In his financial records for this date, TJ noted that he had “Executed a bond to The President & masters or professors of the Coll. of Wm. & Mary of Virga. for 24,705.D. of which they are to pay to the bk. US. the 20,000.D. for which I am bound to them as security for W. C. Nicholas decd” (MB description begins James A. Bear Jr. and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767–1826, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1392). A record of Randolph’s loan balance and interest payments, previously conjoined with the above bond but now filed in ViU: ER, shows that on 4 Mar. 1824 Randolph received the last installment completing the $24,705 loan and that by 1830 he had paid it down to $13,070.75, at which point he renegotiated the debt, with Shadwell as collateral.