Sept 25, 1815
Since my report was forwarded to you, I have had the pleasure of discharging the temporary loan of 500,000 Dollars, long due to the State Bank at Boston. The reduced amount of the outstanding Treasury Notes, has produced the effect intended. The Notes are rapidly mounting to par; and you will have the pleasure of seeing the public engagements paid in gold & silver, or Bank notes convertible into coin, at Boston, and throughout New. England, before the 1. of January next.
DNA: Papers of James Madison.