James Madison Papers

To James Madison from Thomas Law, 1 February 1817

Washington Feby. 1st. 1817.

Dear Sir,

In the accompanying Letters I have used my endeavors to be perspicuous, forcible & concise, without omitting any very essential argument to ensure the establishment of a national currency, an all important desideratum which I should rejoice to see effected before you close your political Career.

I have never intruded but for public useful purposes. When it was proposed to make Treasury notes convertible into 8 PCent Stock, & it ultimately was decided to make a seven PCt: Stock, I could not resist the impulse to solicit your rejection of the Bill to save a considerable loss to the nation.

When you shall retire from your present elevated Station to enjoy the pleasing consciousness of having been a cordial friend & a faithful servant to this Republican federative Government you will have the sincere wishes for an exemption from sickness & disquietude of Yrs. with unfeigned esteem

Thos. Law.

DLC: Papers of James Madison.

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