James Madison Papers

From James Madison to George Graham, 30 October 1823

To George Graham


Montpr. Ocr. 30. 1823

Dr. Sir

Having been much disappointed in the rect. of debts, & my crops of every sort having for several years, essentially suffered from insects & bad Seasons, it became a material object with me to obtain a postponement of the instalment which I owe to your Bank on the 4th. of next month;1 and I understood from Mr. Cutts that this indulgence wd. be afforded. I have accordingly made provision for the interest only of the whole debt (three hundd. & forty five dollars) which I take the liberty of troubling you with as inclosed, and of requesting that a document may be sent me conformed to the change of arrangement. The suspension of the first instalment was to be for six months. I shall hope that a prolonged indulgence will not then be refused, if the unpunctuality of my debtors & other contingencies should continue to make it important to me. I beg you Sir to pardon this intrusion, and to be assured of my sincere esteem & friendly regards.

Draft (DLC).

1For JM’s purchase of Richard Cutts’s Washington house and lots, and his loan arrangement with the Second Bank of the United States, see Madison and Richard Cutts’s Financial Difficulties, Editorial Note, PJM-RS description begins David B. Mattern et al., eds., The Papers of James Madison: Retirement Series (3 vols. to date; Charlottesville, Va., 2009–). description ends , 2:19–22, and JM to Cutts, 1 Sept. 1823.

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