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Collection Reference Number GLC02437.05143
From Archive Folder The Henry Knox Papers [0102] September-October 1791 
Title David Cobb to Henry Knox on the Canal from the Connecticut River to Boston
Date 4 September 1791
Author Cobb, David (1748-1830)  
Recipient Knox, Henry  
Document Type Correspondence; Government document
Content Description References Knox's letter of 27 July. Complied with Knox's request to converse with gentlemen in trade "on the subject of the probable quantity of produce that would be convey'd on the Canal from Connecticut River to this place in the course of the three first years after its completion." The results of his inquires are: 28-30,000 tons of "Pot & Pearl ashes, Flaxseed, Flax & Hemp, Beef & Pork salted, Grain of all sorts, Flour, Timber & Plank, Hoops & Staves." Smaller items were not taken into account, but he estimates 15,000 tons of those items could be carried. Rate of the toll is estimated at 12 or 15 shillings per ton. Mentions that the sums will be different depending on where the canal begins. With a 12 shilling toll, estimates a yearly income of $90,000, which would be a 10 percent return on the capital investment. Hopes he can get an appointment as a Marshall but does not want it if it seems like he used friendship or acquaintance to achieve it. Has had to postpone his trip to Philadelphia until late fall.
Subjects Revolutionary War General  Canals  Infrastructure  Commerce  Transportation  Merchants and Trade  Agriculture and Animal Husbandry  Finance  Office Seeker  
People Cobb, David (1748-1830)  Knox, Henry (1750-1806)  
Place written Boston, Massachusetts
Theme Merchants & Commerce; Industry; Science, Technology, Invention
Sub-collection The Henry Knox Papers
Copyright The Gilder Lehrman Institute of American History
Module Settlement, Commerce, Revolution and Reform: 1493-1859