James Madison Papers

James Madison to W. S. Nicholls, 22 December 1826

Montpellier Decr. 22. 1826


When, in answer to yours of April 14. I intimated that I could not conveniently anticipate the payment of my note in your hands it was not <only> my purpose to be punctual at its maturity, but I relied with entire confidence <on> the allotted means. It is with serious concern, the more so as the occur<re>nce is so new to me, that I am under the necessity of disappointing a creditor. I had in view not less than three resources, any one of which would <h>ave sufficed, and not one of which, in ordinary times, would have failed<.> Such however is the pecuniary state of things within the range of my transactions, that I am left in the situation I lament. I had indulged an expectation of escaping it, founded on the fairest promises, down to the present time, or I should have apprised you of it sooner. I must now hope that you will not suffer from an unavoidable delay, which I shall spare no efforts to shorten, tho’ with less certainty of very early success, than I could wish. In the mean time, I will, if possible, remit you the interest which has accrued; and shall be glad to hear from you on the subject, with a readines<s> to concur in any arrangement of it that may be desired on your part, and practicable on mine. With friendly respects.

James Madison

RC (ViU); draft (DLC).

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