The attention and good wishes which the assembly has evidenced by their act for vesting in me one hundred and fifty shares in the navigation of the rivers Potomac and James, is more than mere compliment,--there is an unequivocal and substantial meaning annexed.

But, believe me, sir, no circumstance has happened since I left the walks of public life which has so much embarrassed me.

On the one hand, I consider this act, as I have already observed, as a noble and unequivocal proof of the good opinion, the affection, and disposition of my country to serve me; and I should be hurt, if by declining the acceptance of it, my refusal should be construed into disrespect, or the smallest slight upon the generous intention of the legislature; or that an ostentatious display of disinterestedness, or public virtue, was the source of refusal.
"On the other hand, it is really my wish to have my mind and my actions, which are the result of reflection, as free and independent as the air, that I may be more at liberty (in things which my opportunities and experience have brought me to the knowledge of) to express my sentiments, and if necessary, to suggest what may occur to me, under the fullest conviction that, although my judgment may be arraigned, there will be no suspicion that sinister motives had the smallest influence in the suggestion.

Not content then with the bare consciousness of my having in all this navigation business, acted upon the clearest conviction of the political importance of the measure, I would wish that every individual who may hear that it was a favourite plan of mine, may know also, that I had no other motive for promoting it, than the advantage of which I conceived it would be productive to the union at large, and to this state in particular, by cementing the eastern and western territory together, at the same time that it will give vigour and increase to our commerce, and be a convenience to our citizens." At length he determined, in the same letter which should convey his resolution not to retain the shares for his private emolument, to signify his willingness to hold them in trust for such public institution as the legislature should approve.

The following letter conveyed this resolution to the general assembly, through the governor of the state.
(October, 1785.) "Sir, "Your excellency having been pleased to transmit me a copy of the act appropriating to my benefit certain shares in the companies for opening the navigation of James and Potomac rivers, I take the liberty of returning to the general assembly through your hands, the profound and grateful acknowledgments inspired by so signal a mark of their beneficent intentions towards me.