James Madison Papers

To James Madison from George W. Campbell, 6 June 1814

From George W. Campbell

Monday. 6 June 14

The enclosed letters were reced. yesterday from Mr. D. A. Smith of Baltimore; a gentleman of much respectability, according to information recd.; though of Federal politics.1 His letter is also enclosed. The letters, & Statements from England relate to the State of the market there & on the continent for our public Stocks &c. The information they contain appears the most to be relied on that has lately reached us. It is therefore, conceived, that under existing circumstances, they would merit the perusal of the President: for which purpose they are enclosed. They could not well be condensed or it would have been done. Enclosed herewith is also a short letter from Mr. Astor. He has been written to in conformity with the suggestion of the President. Submitted with very great respect

G W Campbell

RC (DLC). Docketed by JM. Enclosures not found, but see n. 1.

1The Baltimore Patriot & Evening Advertiser of 24 May 1814 reprinted a notice from the Baltimore Federal Gazette, stating that “a gentleman in this city” had received a letter of 5 Apr. from England that reported “sales or certificates of the Sixteen Million Loan of the United States at Par, or four shillings and six pence sterling for the dollar.” Additional communications brought by the Fair American also stated that U.S. stocks were selling at par.

Index Entries