Oak hill May 30th. 1827.
I have receivd your letter of the 18th. communicating a project of Mr Johnson, for carrying into effect the act of the last Session of assembly, authorising the Visitors, to borrow a certain sum of money, for the use of the University, with a proposition from Mr Randolph to make the loan desird, as the Trustee, & in behalf of Mrs Randolph. It appears to me, that Mr Randolph accedes essentially, to the project presented by Mr Johnson: that as to the conditions of the loan, & the term for which it is to be made, there is no difference between them. My object is, to obtain the loan on the most favorable terms that we can, for the University, & accomplishing that, to afford to Mrs. Randolph, every accomodation in our power. I concur in the sentiment, expressd, on the subject, by Genl. Cocke. With respect & esteem dear Sir yrs.