Sir:

I have had the Honour to receive your favour of the 3d Inst., by Mr. Clay, who is now here on the business you mention, & who writes to you by this opportunity. I am sorry to acquaint you that our treasury for the prest. is entirely exausted and that it will not be in my power to answer yr. demand of a Milion of Dollars until the Taxes come in. This may be expected in the Course of about two months. At the same time I must remark that, respecting this Summer's Campaign, it seems impossible that this state can be behindhand as to its quota of money, without regard to which, however, I shall upon all occasions, with the highest satisfaction, answer yr. demands as far as may be in my power.