On my calling at the Presidents Bank of this City for my Letters by Mail I this Day received yours of the 12th. Instant, in which You propose to me to pay £1,000 & perhaps the whole of the Monies due from You to me.

Under the Circumstances in which You were accommodated with the Exchange of Securities for the Monies originally loaned by me to Peter A. Yates, I had no Reason to suspect that You would propose to pay to me those Monies on such short notice. You seem to think differently. I therefore only answer You that I am not in Want of Money so as to ask a partial Payment, nor am I in the Habit of securing Monies loaned on Bond & Mortgage in such Payments. But as soon as I am advised, that the whole $5,000 & the Interest from 1st. Jany last incl: to the Day of Deposit, is placed to my Credit in the Merchants Bank (where I keep my only Acct) I will deliver this Bond & Mortgage to the Cashier of that Institution.