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Subject Area: Political Theory
Topic: The American Revolution and Constitution

TO M. BICKER. - John Adams, The Works of John Adams, vol. 7 (Letters and State Papers 1777-1782) [1852]

Edition used:

The Works of John Adams, Second President of the United States: with a Life of the Author, Notes and Illustrations, by his Grandson Charles Francis Adams (Boston: Little, Brown and Co., 1856). 10 volumes. Vol. 7.

Part of: The Works of John Adams, 10 vols.

About Liberty Fund:

Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals.


TO M. BICKER.

Sir,

M. Blomberg is so ill that he cannot speak upon business, which obliges me to beg the favor of your advice, whether I ought to give more than according to the following plan.

A.Interest,5 per cent. per annum for 10 years.
To the house for negotiating the capital,1 per cent.
To the undertakers to furnish the capital,1 per cent.
Brokerage,½ per cent.
And for the yearly paying off of ten per cent.
To the house of the loan,1 per cent.
B.To the undertakers,1 per cent.
C.Brokerage,¼ per cent.

I had the pleasure of half an hour’s conversation with M. Bowens, who desired me to consult with M. Blomberg, and send him my conditions.

A gentleman of great worth and skill advised me not to give more than four per cent. interest. America is willing, however, to give a just interest, and all other reasonable terms, but she would not, like a young spendthrift heir, give any thing, to get money.

I am sorry to give you so much trouble, amidst the sickness in your family; but the sickness of several persons upon whom I depended obliges me to do it, and to request your answer as soon as convenient.

With great respect, &c.

John Adams.