Details
JEFFERSON, THOMAS, President. Autograph letter signed ("Th:Jefferson") to "Messrs. Leroy Bayard & Co.," Monticello, 28 April 1817. 1 page, 4to, 247 x 185mm. (9 3/4 x 7 1/4 in.), integral address leaf, small seal hole and one-inch separation to integral address leaf, otherwise fine.
[With:] Autograph free frank ("free Th:Jefferson") addressed in Jefferson's hand on integral address leaf "Messrs. Leroy Bayard & Co. New York," pale brown circular postmark "Charlotte, Va. April 31."
REFINANCING A DEBT FOR "THE USUAL INTEREST"
The former President attempts to delay the payment of a debt: "...I am not unmindful of the approaching term for paying the 1st instalment of the debt which the indulgence of Mesrs. Vanstaphorst and Hubard has so long left in my hands. On a view of the time necessary to get our produce to market in the spring season, for selling it, and recieving [sic] payment, which is sometimes at 30, at 60, & even at 90 days. I had in my letter to you asked that all the months of April and May might be necessary for the remittance; and altho' the day fixed in your answer was the 7th of May, yet I trust that when the circumstances of sale call for it, a delay of some days will be added to the other indulgences experienced, indemnifying that delay by the usual interest. I shall be able in the course of that month to make the remittance becoming due..."
[With:] Autograph free frank ("free Th:Jefferson") addressed in Jefferson's hand on integral address leaf "Messrs. Leroy Bayard & Co. New York," pale brown circular postmark "Charlotte, Va. April 31."
REFINANCING A DEBT FOR "THE USUAL INTEREST"
The former President attempts to delay the payment of a debt: "...I am not unmindful of the approaching term for paying the 1st instalment of the debt which the indulgence of Mesrs. Vanstaphorst and Hubard has so long left in my hands. On a view of the time necessary to get our produce to market in the spring season, for selling it, and recieving [sic] payment, which is sometimes at 30, at 60, & even at 90 days. I had in my letter to you asked that all the months of April and May might be necessary for the remittance; and altho' the day fixed in your answer was the 7th of May, yet I trust that when the circumstances of sale call for it, a delay of some days will be added to the other indulgences experienced, indemnifying that delay by the usual interest. I shall be able in the course of that month to make the remittance becoming due..."