Adams Family Correspondence, volume 14
I last week informed you that I had withdrawn from
Amsterdam all the stocks I held there, and had remitted to Mr: King, in London fourteen hundred pounds
sterling, for which I authorised you to draw, and requested you to place the
proceeds in the most advantageous manner; but not in any institution or fund depending upon our national Union;
for the generality of our Countrymen are so far from participating in my
sentiments upon this subject, that it is not prudent to rest one’s all upon it— I mentioned my preference that it
should be placed in the State of Massachusetts because there is my home, and
upon a foundation of more solid materials than paper— I am sensible that
this is not so easily done, as merely to purchase a certificate of stock and
that it requires much more time and more steady, and uninterrupted
vigilance— But you complain in one of your letters that your trouble with my
affairs is not sufficient to earn 567 your
commission, and I am willing to relieve your delicacy, by asking you to
sharpen your look out for an opportunity to strengthen the security without
abating the profits of my property in your hands.— I am sure you have it in
your power by this means to earn your commission as vigorously as your heart
can wish.
Do not mistake my meaning— When I use the liberty of
urging your care and attention, it is not to be implied that I think that you have always shewn, insufficient. I am
perfectly satisfied with your agency and in trusting now to you, every thing
upon which I can depend for future subsistence, I give you the strongest
possible proof of my satisfaction.
As I would not have so large a sum kept entirely unprofitable any longer than is absolutely necessary you may place temporarily the money in any state bank or fund either of Massachusetts or Pennsylvania as you shall think most secure and most expedient.
You will watch as you have hitherto successfully done for
a favourable rate of exchange.— I do not exactly understand what the unit of
exchange is between Philadelphia and London— The par, you say is 66 2/3 per
ct:— But, if so, 72 ½ per ct: is an advantage not of six but of nine per
cent— I expect soon your annual accompts and that will perhaps explain the
matter, as much as is necessary for me to know.
I am extremely anxious to hear of my dear father’s health, and my heart bleeds for the afflictions which were in so short a space crowded upon my mother— She has the never failing stay of religion and virtue— God grant they may have supported her in these times of severe trial.— My father has been the benefactor of his Country; and has been treated as the benefactors of their country always are— He was prepar’d for it and will bear it as a natural evil, without resentment, and I hope without complaint.
Once more, ever yours.
FC-Pr (Adams Papers); internal address:
“Thomas B. Adams Esqr.”
JQA similarly wrote to TBA on 24 Feb., 1st letter, with instructions regarding his investments (Adams Papers).
th:Feb
y1801.
Your favors of the 10th:
& 11th: instt:
are received.1 We have heard
of the proceedings in the Representative chamber as far as the 22d:
568 ballot, and we have admired that
firmness, which puts the issue of the choice upon strength of nerves, rather
than numbers. I have but little expectation, that the thing will go through,
as it began— Some body will go over to the majority, but it is not easy to
say or even conjecture, who this will be. When Dallas came home he had the
audacity to say that he had seen a paper signed by Mr: Baer pledging himself to vote for Jefferson; this story was
believed here until it was contradicted by the state of the Ballot.2 It now passes for one of
Mr: Dallas’s Reports— Even the recent risk
he ran for his life, when the Stage upset with the Cargo of Lawyers, on
their return from Washington, did not deter him from circulating this
groundless charge against Baer—3 The Aurora threatens to seize on
the public arms and force down the man of the people, upon us—the
desperation of the jacobins is almost indescribable, and I know not how soon
it may shew itself in acts of tumult and violence—4 Yesterday I was walking in Chesnut
street, in the middle of the afternoon, and passed three men, of whom I took
no notice, at the time, but before I was beyond hearing distance, one of
them, in a loud voice, said—“that cockade will be very little longer in
fashion— It wont last but a few days more— might as well be laid by—[”]5 Knowing this discourse was
addressed to me, I paused a step & turned round to look at my
adversaries; they appeared to be sturdy red nosed Butchers, with each a
piece of beef in his hand— After making a pretty correct observation of
their persons, I walked on and they ceased talking. I have no doubt of being
insulted more grossly than this if I continue to wear the Cockade, which I
certainly shall do, so long as I have a head to wear a Hat—that is, if
agreeable to myself— Therefore let the man, who would dare to tear it out,
“look to it.”
The Subscribers to the PFolio multiply gradually— Between 5 & 600, is the present number— The paper of yesterday has several articles of the Editor’s own—6
I have been looking for my Mother daily, for a week past,
but it seems she had not left you on the 11th:—
I hope you will continue to keep me informed of all tellable matters—
With true esteem / Your
RC (MWA:Adams Family Letters); addressed:
“William S Shaw / City of Washington”; internal address: “W S Shaw”;
endorsed: “Phila 15 Feb 1801 / T. B Adams / rec 19th. / An 20th.”; docketed: “1801 /
Feby 15.”
Not found.
George Baer Jr. (1763–1834), a Federalist
representative from Maryland, was among the electors who cast blank
ballots to break the 569
deadlock in the presidential election (
Biog. Dir.
Cong.
; Jefferson, Papers
,
33:16–17).
Alexander James Dallas received a minor injury in a
stagecoach accident while traveling from Washington, D.C., to
Philadelphia (Jefferson, Papers
, 32:573).
The Philadelphia Aurora
General Advertiser, 16 Feb., printed a letter from Washington,
D.C., alleging that Philadelphians “seized upon the public arms” in
protest to the House vote, but the newspaper in accompanying commentary
questioned the veracity of the claim, stating “the Republicans will be
the last to have recourse to arms.”
For the symbolism of the black cockade, see vol. 13:175–176.
In the Port Folio,
1:49–56 (14 Feb. 1801), Joseph Dennie Jr. wrote unsigned pieces entitled
“Literary Intelligence,” “An Author’s Evenings,” and “To Readers and
Correspondents” (Kaplan, Men of Letters
, p. 144).
TBA wrote again to Shaw on 17 Feb., reporting news of AA’s arrival in Philadelphia (MWA:Adams Family Letters).