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| Field name |
Value |
| Collection Reference Number
|
GLC05273
|
| From Archive Folder
|
Documents Relating to 1795
|
| Title
|
Extract of a letter from J. Blair to Thomas Jefferson regarding stock trade
|
| Date
|
13 June 1795
|
| Author
|
Blair, J. (fl. 1795)
|
| Recipient
|
Jefferson, Thomas
|
| Document Type
|
Correspondence
|
| Content Description
|
Original letter from Williamsburg, Virginia, and dated 13 June 1795. Jefferson records the details of a complicated stock trade in Philadelphia.
|
| Subjects
|
President Finance
|
| People
|
Jefferson, Thomas (1743-1826) Blair, J. (fl. 1795)
|
| Theme
|
The Presidency; Banking & Economics
|
| Sub-collection
|
The Gilder Lehrman Collection, 1493-1859
|
| Additional Information
|
Notes: Monetary notations have been modernized. Jefferson wrote "D" above the dollar amounts and "C" above the cents.
|
| Copyright
|
The Gilder Lehrman Institute of American History
|
| Module
|
Settlement, Commerce, Revolution and Reform: 1493-1859
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| Transcript
|
Show/hide Extract of a letter form J. Blair to Th: Jefferson dated Wmsburg June 13. 1795 "Three days ago I sold to Mr. Robert Andrews Mr. Marrei's 6 percent stock, org $1048.50 @19/10 the market rate at Philadelphia according to the latest & very recent price-current, & have received for the same $1039.84. I am also willing to take to myself the residue of his stock at the rates mentioned in the same price current, org. the 3 per cent @ 11/7 & the deferred at 14/1. The quantity of the former species is $786.37 & of the latter $524.25, & the two together, according to the respective rates above mentioned are worth $824.60. The whole amount for which the stock thus sells is $1864.44 & to this sum may be added $43.25 being interest which on the 26th of Nov. last I drew for Mr. Marrei for two quarters to the 30th of Sep. last. the sum will then be $1907.69. Interest for 2 more quarters (org. $43.25) is due to the 31st of March last, & as the above sales reserve to Mr. Marrei the interest for the current quarters, $21.62 more will be due the 30th inst. amounting to $64.87: so that the whole will be $1972.56. Altho' the stock is funded at the office in Richmond, where it generally sells something lower than that at the Public treasury in Philadelphia, yet you will observe Mr. Marrei gets the price of stock at Philadelphia.
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