Jefferson, Thomas, 1743-1826 to Thomas Law
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Gilder Lehrman Collection #: GLC06478 Author/Creator: Jefferson, Thomas, 1743-1826 Place Written: Charlottesville, Virginia Type: Autograph letter signed Date: 6 November 1813 Pagination: 1 p. + FF 25 x 20.2 cm Order a Copy
Response to a letter and memorial from Maryland and District of Columbia attorney Law, a supporter of monetary reform. Supports Law's proposal for the issuance of treasury notes bearing interest. These "would soon be withdrawn from the circulation and locked up in vaults and private hoards. I would put it in the power of every man to lend his 100 or 1000D." Opposes a national bank because "Congress has not that power, (altho' I sincerely wish they had it exclusively)." With incomplete address leaf on verso.
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