Statements Related to Knox's Inability to Pay Financial Notes, 22 October 1798 - 15 February 1799 PDF Download

Author: Henry Knox
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Languages : en
Pages : 0

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Book Description
Knox had hoped to absorb unpaid notes with the sale of Waldo patent land and finds himself in a financial predicament, noting that his wishes were not realized owing principly [sic] to the circumstances of the European War... Admits that he had to stop payment on the notes, to the detriment of his family and his endorsers, Benjamin Lincoln and Henry Jackson. Adds that the land still remains solid security for the payment of his notes. Includes a letter to John Marston, his broker, written on 22 October 1798, in which Knox suggests several propositions to postpone his payment of the notes. Contains subsequent documents related to the outcome of Knox's financial crisis: a bond to Benjamin Carpenter by Lincoln, Jackson, and Knox (1 December 1798); verification of money Knox borrowed from Abiel Smith (22 August 1798); a bond to John Gore, etc.