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Front Page  Titles (by Subject) TO THE MARQUIS DE LA FAYETTE - The Works, vol. 5 (Correspondence 1786-1789)
TO THE MARQUIS DE LA FAYETTE - Thomas Jefferson, The Works, vol. 5 (Correspondence 1786-1789) [1905]Edition used:The Works of Thomas Jefferson, Federal Edition (New York and London, G.P. Putnam’s Sons, 1904-5). Vol. 5.
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TO THE MARQUIS DE LA FAYETTE
j. mss. Paris, Feb. 10, 1786. Dear Sir,
—I forgot last night a very Material circumstance in my calculation. The Farmers general are, by their bail, obliged to keep a certain provision of tobacco and snuff always on hand. I believe it is three years’ consumption. However for fear of error I will call it two years; because were the bail silent on this head they would certainly have always on hand one year’s stock ready for manufacture, and one year’s stock manufactured. There is no extensive manufacture which does not find that it has on hand generally two years’ stock of goods. As the Farmers buy their tobacco for ready money (and I know they even advance money) they lay out of their money two years. This interest must therefore be added, and the estimate will stand thus | ♯ |
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| 22 millions of pounds weight of tobacco at 6 sous cost | 11.600.000 | | the cost of manufacture is 1 sou the pound, | 692.500 | | guards &c. to prevent contraband | 5.000.000 | | revenue paid annually to the king | 28.000.000 | | interest on the whole for 2. years @ 5. pr. cent | 4.529.500 | | —————— | | Whole cost of annual purchase of tobacco then is | 49.822.000 | | they sell annually but which at — brings them | 45.705.000 | | —————— | | they lose annually then by the farm of tobacco | 4.117.000 |
thus, according to their own shewing, the King should in favor to them, discontinue the bail; and they cannot ask it’s continuance without acknowledging they have given in a false state of quantities & sums.
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