Falmouth, Nov. 21:1760 Sir,

Yours I recd. & shd. have answered it before but no good Oppy. presented. I Observe by your Memorandum of the Interest you have Cast Interest upon Interest wch. we cannot Answer to pay as their is Children198under age Concern'd in the Estate not but I acknowledge it is but right it ought to be paid but rather than Dispute it I will pay it out of my Own Pockett if you insist upon it. But as It is no affair of your Own but your fathers Creditors, I believe you may not Insist upon Interest on Interest. I think you have Cast one Years Interest to much. As Inclos'd you have a Memo. wherein we have Cast it wth. Interest upon Interest & make it almost £20 less than you do. I have sent some money per Mr. Durant to pay you but wd. have you be as easy as Possible in yr. Demand & I rest it wth. you to act as you shall think just & Right, not Doubting but you will act uprightly in this affair. Please to Deliver Mr. Durant the Note hand wth. an accot. of Interest & Principle wch. you think you ought to have. I am wth. much Respect Sir your most huml. Servt.

RICHARD CODMAN

RC ; addressed: "To Mr. Robert Treat Paine In Boston Per favr. Mr. Durant"; endorsed. Codman's calculations of the debt owed the Thomas Paine estate on the inside sheet of his letter totals the debt at £105.7.7.

Boston Decr. 2d. 1760 Sr.,

I recd. yrs. & the Cash by Mr. Durant & have delivered him the Note. Upon recollection I found where I Overcharged a Years Interest occasioned as you may see by the old stile Year begginning in March1 wch. I had forgot to take notice of, with regard to Interest upon Interest however right it might be I have not now nor ever wil take it, thô it would not equal the depreciation of the money. Herewith you have my calculation, & if youll please to observe that the Int. which is due should be paid before you Upon the Principle, you will then see that this method of calculation amounts to the Same thing. I have carefully examined it because we are at a distance & suppose there is no Error in it. Yrs. &c.,

RTP

Vid. his letter to me for the Calculation

LbC ; addressed: "To Mr. Richard Codman at Falmouth."

1.

Under the Julian calendar the year began on Mar. 25. In 1752, by act of Parliament, England and her colonies adopted the Gregorian calendar which began the year on Jan. 1.