James Madison Papers

Thomas Jefferson Randolph to James Madison, 7 May 1827


The Undersigned submits to your body the following proposition as trustee for Mr Randolph, viz, he will loan to the University a sum not exceeding twenty five thousand dollars, bearing an interest of six per cent per annum payable semi-annually, irredeemable in twenty years: after that term at the will of the Rector and visitors provided that no payment be less than two thousand dollars, bonds of $500 each payable to the trustee or bearer numbered from 1 upwards, to be given by the proper authorities of the University Very respectfully

Th: J. Randolph

RC (ViU). Docketed: "Loan." Addressed to the Rector and Visitors of the University of Virginia.

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