Great Crossing July 16th 1815
This day week I apprised you of a difficulty which presented itself to Ward & Taylor the next day which was a debt of $20,000 which became due in the Lexington Branch Bank without funds to pay it. But by great exertions and the help of friends we saved our credit. This we have had to do in the two banks of Lexnn. & Frankt. to the amount of about $116,000 And still our prospect was Gloomy as other debt were becoming due. But to our great satisfaction we recd. a letter from my Brother also one from Mr. Dallas stating an assignment which had been made for us in this country and that further arrangements would be made as we needed them. I assure you Sir this has given very considerable relief -we can now go on again For which I feel under Great obligations to you and the Secretary at War Mr. Dallas. We have allways been determined not to call on Govt for money when we could do without especially since the Late pressure. Our object has been to use the money for the Public first and if any thing was coming that we could use it at the close of business. Accept also my sincere thanks for your polite and friendly treatment to my Brother which he informed me of by Letter. I have always had the Greatest confidence in my Government. That confidence is not yet shaken. I know the interest of the community is its polar star with Great respect and esteem I and Dear sir Sincerely your obt. Sert.
DLC: Papers of James Madison.