February 25 1815: Capitalizing on Peace

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On February 25 1815, Thomas Jefferson writes to Patrick Gibson, and makes plans capitalize on peace.

Nobody rejoices more sincerely than myself at the return of peace, nor could the season for it’s being made known be better timed. I shall get down the rest of my flour as fast as possible. my crop was a poor one here, and still worse in Bedford. it will be under 100. Barrels of flour there. here the crop will furnish about 300. Barrels and 150. Bar. rent from my mill, in all something over 500. Bar. and probably about 20,000 ℔ tobo from Bedford. I should be glad to keep off the sale of my flour until a sufficient concourse of vessels shall produce an animated demand and fair price. for the price we get depends on the demand here. in order to give time I shall avoid drawing as much as possible. nor do I know of any call impending but one of1 about 100.D. and that perhaps may be some time yet. I expect that April will be the season of highest price: but on these views I leave both time and price to your discretion; so also as to that of my tobacco when you shall have recieved it.—I am happy to inform you that I shall be able to pay off the whole of my note in bank towards the end of March. this will be from a distinct source. Accept the assurance of my great esteem and respect.

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