James Monroe’s Private Finances — 1827 Paris Agreement Concerning $22,400 in Debts and 20,000 Acres of Kentucky Land
A substantial manuscript agreement documenting the private financial affairs of former President James Monroe, executed in Paris on June 11, 1827, by Isaac Cox Barnet acting as Monroe’s attorney-in-fact.
Extending across three closely written pages, the agreement records a settlement with Daniel Parker, an American residing at Versailles, involving claims totaling 119,450 French francs, stated in the manuscript as equivalent to $22,400 in United States currency.
The settlement concerns approximately 20,000 acres of Kentucky land conveyed to Thomas Barlow of Pittsburgh, referencing an original grant to Monroe dated April 25, 1793. It also addresses rights to recover money owed to Monroe from an estate. Together, these assets were to satisfy Parker’s claims for principal and interest.
The text identifies earlier financial obligations, including a Monroe promissory note dated July 11, 1803, for 24,600 francs at six percent interest, along with additional accounts and receipts. These references connect the 1827 settlement to obligations extending back more than two decades.
Signed by Daniel Parker and by Isaac Cox Barnet on Monroe’s behalf, with witness signatures, including one appearing to be that of American diplomat George W. Erving. A fourth manuscript page contains the United States Consulate at Paris acknowledgment, dated June 15, 1827, signed by acting Vice Consul William Armand Genet Barnet and bearing an embossed consular seal. Paper seals also remain beside the agreement’s signatures.
An absorbing primary-source record of a former president’s personal debts, western land interests, and financial arrangements conducted through American representatives in France.
Condition: Age toning, scattered spotting and staining, pronounced folds, edge wear, and small tears or losses at the margins and fold intersections. Writing remains generally clear and readable. A backing or support sheet is visible in the photographs; its attachment and any repairs should be confirmed upon examination.
Signature disclosure: James Monroe’s name was written by Isaac Cox Barnet as his attorney-in-fact. This document does not bear Monroe’s personal autograph signature.