To James Madison from Albert Gallatin, 12 June 1804 (Abstract)
§ From Albert Gallatin
12 June 1804, Treasury Department. “In answer to your letter of the 9th inst.,1 I have the honour to inform you that I will remit four thousand five hundred pounds Sterling to Sir Francis Baring & Co. in London with instructions to hold the same subject to Mr Lear’s drafts. This sum will be independent of and in addition to the contingent credit of twenty two thousand five hundred Stg. already given to Mr Lear on that house.”
RC (DNA: RG 59, ML). 1 p.; docketed by Wagner as received 13 June, with his notation: “remittance of £4500 to Mr. Lear.”
1. On 9 June 1804 JM had written Gallatin requesting $20,000 from the Barbary fund for Tobias Lear. JM added that “if the arrangement could be conveniently settled before Wednesday next [13 June] Mr. Lear might be advised of it by the opportunity which the sailing of the Frigates afford” (DNA: RG 59, DL, vol. 14; 1 p.).