From Henry Lee
Philada. Aug. 6h. 1791
My dear sir
As I hope on my return to Virga. to raise as much money as will pay off old Fairfax & put into our power the great falls, I mention to you my intention that you may lend as much aid as you can. I have ordered the deed to be made out to you & me in the proportion agreed on & have charged you with one fourth of the purchase.1
If the event turns out as I expect, I shall not only be pleased by the good resulting to myself, but also in recollecting that once in your life you have done a small service to yourself by adventuring in unknown property. Yours very affy
RC (DLC). Docketed by JM.
1. Details of Lee’s speculative real estate venture near the Great Falls of the Potomac and JM’s interest in the enterprise are found in PJM description begins William T. Hutchinson et al., eds., The Papers of James Madison (vols. 1–10, Chicago, 1962–77; vols. 11—, Charlottesville, Va., 1977—). description ends , XI, 321–22 and n. 2.