Tag Archives: Expenses

Cash out & in, 1804, plus sad news

Jan. 1                   Gave in charity 5.D. [$5]. …
Feb. 13                 Paid for 13. glass pens 2.43 3/4. …
Mar. 28                Sent Mrs. Madison for a mantua [lady’s dress] maker 3.50. …
Apr. 3                   Culpepper C.H. [Court House] oats & etc. .58.   barber .50…
May 13                 Thomas Shields for finding pistol   .1.D…
June 7                  Gibson & Jefferson have sold my tobo [tobacco]… 1267.D.
July 20                 Pd. S.H. Smith for newspapers 10.D. …
Aug. 30                Pd. shoeing horses at Mr. Madison’s 1. …
Sept. 14                Recd. of J. Barnes 500.D. …
Oct. 31                  Tooth pick case 1.75. …
Nov. 13                 Paid at the races 1.D. …
Dec. 10                 Recd. back from Jos. Daugherty 3.50 overpaid [for] contingencies.
Memorandum Books, 1804

Patrick Lee’s Explanation
Careful leaders keep a record. (They should also keep a balance.)
The link above lists all of Jefferson’s expenditures and receipts for 1804. I excerpted one entry from the 50 or so listed for each month. These are not meant to be representative but to illustrate a variety of money coming and going.

Mr. Jefferson was an avid list maker. He would have jotted these amounts day-by-day during the year and summarized them all at year’s end. I have read (but cannot verify) that while he kept a careful record of every expense, he never struck a total at the end of the month or year, never a profit or loss statement, never an accounting of his net worth. Had he done so, he might have been more aware that his general financial health was slowly deteriorating through the years. He died deeply in debt.

Not all entries concerned money. On April 17, after recording a payment of $156.67 for corn, he also noted, ” This morning between 8. & 9. aclock my dear daughter Maria Eppes died.”

“Patrick Lee … as Thomas Jefferson … is obviously a very talented person
and did a great job of putting our regulatory burden in perspective.”
President & CEO, Citizens National Bank
Mr. Jefferson and I together will make a great addition to your meeting.
Invite us to speak. Call 573-657-2739
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