Thomas Jefferson Papers

Thomas Jefferson to John Neilson, 31 May 1820

To John Neilson

Monticello. May 31. 20.

[D]ear Sir

I inclose you my note for the money due you, settled as you desired. my reason for allowing compound interest in this case (the only one in which I ever did so) was explained in conver[sa]tion.1 I have taken 2. years for payment, because the fall of produce, likely to be permanent, were I to wait for crops, would too much retard the payment of monies due from me, and which I am anxious to discharge.   I salute you always with friendship & best wishes.

Th: Jefferson

PoC (CSmH: JF-BA); on verso of a reused address cover from Joel Yancey (delivered by John Hemmings) to TJ; salutation trimmed and one word faint; at foot of text: “Mr John Neilson”; endorsed by TJ.

On this date TJ recorded giving Neilson a promissory note for $843.50, not found, to cover the principal and interest of a note for $435.75 that he had given him on 16 Apr. 1809 (MB description begins James A. Bear Jr. and Lucia C. Stanton, eds., Jefferson’s Memorandum Books: Accounts, with Legal Records and Miscellany, 1767–1826, 1997, The Papers of Thomas Jefferson, Second Series description ends , 2:1245, 1365).

1Omitted period at right margin editorially supplied.

Index Entries

  • crops; price of search
  • Hemmings, John (TJ’s slave; b. ca.1776); delivers letters search
  • interest; TJ on search
  • Jefferson, Thomas; Business & Financial Affairs; debt to J. Neilson search
  • Jefferson, Thomas; Opinions on; interest search
  • Neilson (Nelson), John; letters to search
  • Neilson (Nelson), John; TJ’s debt to search