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

TO JAMES MADISON - Thomas Jefferson, The Works, vol. 6 (Correspondence 1789-1792) [1905]

Edition used:

The Works of Thomas Jefferson, Federal Edition (New York and London, G.P. Putnam’s Sons, 1904-5). Vol. 6.

Part of: The Works of Thomas Jefferson, 12 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 JAMES MADISON

j. mss.

Philadelphia July 6. 1791.

Dear Sir,

—I have duly received your favours of June 27. & July 1. The last came only this morning. I now return Colo. Smith’s map with my acknolegements for the pamphlet & sight of the map.—I inclose you a 60. Dollar bill, & beg the favor of you to remit 30. Dollars with the inclosed letter to Prince, also, as I see Maple sugar, grained, advertised for sale at New York in boxes of 400 lb. each, if they can be induced to sell 100 lb. only & to pack & send it to Richmond, I will thank you to get it done for me. The box to be directed to me ‘to the care of James Brown, Mercht. Richmd. to be forwarded to Monticello.’ You see I presume on your having got over your indisposition; if not, I beg you to let all this matter rest till you are. Colo. Harry Lee thinks of going on tomorrow, to accompany you to Portsmouth, but he was not quite decided when I saw him last. The President arrived about 10. minutes ago, but I have not yet seen him.—I received safely the packet by capt. Sims. The Guinea corn is new to me, & shall be taken care of. My African upland rice is flourishing. I inclose you a paper estimating the shares of the bank as far as was known three days before it opened. When it opened 24,600 subscriptions were offered, being 4,600 more than could be received, & many persons left in the lurch, among these Robt. Morris & Fitzsimmons. They accuse the Directors of a misdeal, & the former proposes to sue them, the latter to haul them up before Congress. Every 25 dollars actually deposited, sold yesterday from 40. to 50. dollars with the future rights & burthens annexed to the deposit.1 We have no authentic news from Europe since the last packet. Adieu my dear Sir, take care of yourself & let me hear soon that you are quite re-established.

P. S. If you leave N. York, will you leave directions with Mr. Elsworth to forward to me the two parcels of Maple buds, & that of the Birch bark respectively as they arrive. The last I think had better come by water.

[1 ]Inclosed with this, is the following memorandum: “The capital stock of the bank, ten millions of dollars, divided into 25,000 shares.

  Shares.
to be subscribed by the President     5,000
already subscribed—Boston     4,000
already subscribed—New York     6,400
will be subscribed by Philada     5,000
already subscribed, Baltimore     2,400
already subscribed, Charleston        700
——————
  23,500
remains to be subscribed     1,500
——————
  25,000”