Washington July 10. 06
Your favor of June 2. was recieved in due time; but it has not till now been in my power to attend to it’s contents. in consideration of the same I accede to the agreement therein tendered, and will pay you the balance of one hundred & eight pounds fifteen shillings Virginia currency with the interest due thereon from the 7th. of May 1800. until payment, whereon you will deliver my now only outstanding bond with a reciept for the sum you are thus to recieve & thereby finally close this longstanding & weighty affair.
As the balance now agreed to is considerably more than what I thought justly due when I proposed a discharge of it in two months from the date of agreement, I cannot undertake the paiment of that now agreed to at so short a term. I will remit it as early as in my power, and will say the term shall not exceed a year, because by that time the tobacco of the present year may be sold. I salute you with respect & good wishes.
MHi: Coolidge Collection.