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49

Jefferson, Thomas | "That bank is now in a crisis which may end mortally..."

Jefferson, Thomas | "That bank is now in a crisis which may end mortally..."

Jefferson, Thomas | "That bank is now in a crisis which may end mortally..."

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Jefferson, Thomas

Autograph letter signed ("Th: Jefferson"), as 2nd President, to Craven Peyton, concerning a financial transaction, Washington, 1 November 1801 


1 page, 4to (246 x 202 mm) on a bifolium. Remnants of wax seal, with franked transmittal panel; old folds, a few pinholes and stains, not affecting text.


"In my letter of Oct. 8, covering a Columbia bank note for 1240D.27C I recommended to you to dispose of it without delay. I had more reasons for this than would have been proper then to mention. That bank is now in a crisis which may end mortally ..."


Just prior to his inauguration, Jefferson was informed by Craven Peyton, the lessee of Shadwell, of the possibility of purchasing land abutting his own, as one of his neighbors, Bennett Henderson, had died intestate. Following court action in 1801, the Henderson estate was divided between Bennett's widow and his ten children. The relationship between Jefferson and the Hendersons was strained, and the former had authorized Peyton to purchase the estate, negotiating on his behalf. While Jefferson was President, Peyton secured the majority of the Henderson holdings at Milton. Jefferson paid nearly $8,000 for the parcels, which were then legally conveyed to him by Peyton in 1811. 


REFERENCE:

The Papers of Thomas Jefferson, vol. 35, p. 545

Condition as described in catalogue entry.


The lot is sold in the condition it is in at the time of sale. The condition report is provided to assist you with assessing the condition of the lot and is for guidance only. Any reference to condition in the condition report for the lot does not amount to a full description of condition. The images of the lot form part of the condition report for the lot. Certain images of the lot provided online may not accurately reflect the actual condition of the lot. In particular, the online images may represent colors and shades which are different to the lot's actual color and shades. The condition report for the lot may make reference to particular imperfections of the lot but you should note that the lot may have other faults not expressly referred to in the condition report for the lot or shown in the online images of the lot. The condition report may not refer to all faults, restoration, alteration or adaptation. The condition report is a statement of opinion only. For that reason, the condition report is not an alternative to taking your own professional advice regarding the condition of the lot. NOTWITHSTANDING THIS ONLINE CONDITION REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE/BUSINESS APPLICABLE TO THE RESPECTIVE SALE.