[Letter] 1840 Jan. 18, Washington City, [D.C. to] Allen Fisher, Scotts Creek p[ost] o[ffice, North Carolina] / W[illiam] H[olland] T[homas] of an image

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(Extract)

Washington City
Jan 18. 1840
Allen Fisher Scotts creek po. [post office.]
your favor of the
6th inst [instant] was reced [received] . The scarcity of money in that country is a prelude to a [unclear text: monied ] crisis which is fast approaching. for which it is necessary some preparation should be made I adverted to this some time since in directing the close of the business. It is our interest to credit none who are the least doubtful. Goods must become scarce in the country. and by restricting credit will bring produce which can be made to answer of purpose by giving for it what we can get deducting coniage [coinage] . This course always should be adopted when money is scarce in the country. It was in anticipation of the scarcity of money that I have made the efforts I have to try to procure my private funds in order to aid my mercantile business (to some extent through the crisis If all at have done as much to prepare for it as I have and am still doing no fears need be entertained as to the approaching storm.


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so far from injuring us we can turn it to our advantage The Secretary of War has not completed the division of the cherokee claims it is possible he will during next week be the time long or short I will be compelled to remain until he does your plan of closing the old business by Judgmens [Judgements] and now by note is approved
If an opportunity offers of taking a stage contract which in my opinion will be of advantage to us I will bid for it, give my respects to your wife and family & enquiring friends I am in good health but more impatient than I ever was,

yours & c [et cetera]
[Signed] WHT [William Holland Thomas]