JACKSON, Andrew, President. Autograph letter signed twice ("Andrew Jackson" & "A.J.") as President to Captain Peter Mosely, Washington, D.C., 3 September 1829. 1 page, 4to, integral autograph address panel, free frank: "Free Andrew Jackson" and postmark: "City of Washington Sep 4," neat repair to tears along central fold slightly affecting a letter of text in five lines. PRESIDENT JACKSON'S PRECARIOUS FINANCES A letter from the recently elected President, declining an offer to purchase land adjacent to his plantation in Nashville: "Being absent from this city...for the benefit of my health I did not recieve your letter until my return...I regret to say to you, that my monied concerns are not in a situation to purchase your land. I am sorry to be compelled to say to you, that my expence is equal to all my means, & it is out of my power to loan you the sum wanted. The land you propose selling; that part where McCulla lived, would not suit me. If I had the means to buy, I would buy that north of my tract, say 150 acres at a fair price, but as yet, I have not the means." In a postscript he writes: "My health has much improved. A.J." As a lawyer, Jackson had speculated in land, and often received payment in the form of land grants. In 1804, the victim of a land fraud, he sold his plantation at Hunter's Hill and moved to the Hermitage, where he began to rebuild his lost fortune. In later years Jackson cautiously built the Hermitage up from a 420 acre plantation with a log cabin to comprise 1,200 acres and a mansion, built in 1819.