The full content of this document is only available to subscribing institutions. More information can be found via www.amdigital.co.uk
If you believe you should have access to this document, click here to Login.
| Field name | Value |
|---|---|
| Collection Reference Number | GLC02437.05146 |
| From Archive Folder | The Henry Knox Papers [0102] September-October 1791 |
| Title | Henry Merttins Bird to Henry Knox on stocks, shares and property |
| Date | 7 September 1791 |
| Author | Bird, Henry Merttins (1755-1818) |
| Recipient | Knox, Henry |
| Document Type | Correspondence; Business and financial document |
| Content Description | Includes copies of two letters. The originals were written in London. First letter written on 7 September and second letter on 5 October. The first letter says "I have not been deceived in my expectations that the American Stock would rise our house having within this week sold large quantities of it at 107 1/2 percent & there is no reason to doubt that it will shortly get up to 110." Encourages Knox to send stocks to England for sale. Says Bird Savage & Bird has sold $175,000 worth of 6 percent stock in the last 5 weeks. The second letter says his mercantile house has continued to make large sales of the stock. Claims to have disposed of $300,000-400,000. Notes their firm has several "schemes on foot" for the purchase of more stock, and asks Knox not to tell others of the prices. In secrecy tells him the prices are "115 pCt or 23/ in the pound for the 6 pCts & 70 pCt to 72 1/2 pCt for the 3 pCts & defer'd." Says their prices have been higher than American prices and people who sent stocks to England have made "handsome profits." |
| Subjects | Revolutionary War General Banking Finance Clothing and Accessories Global History and Civics Merchants and Trade |
| People | Bird, Henry Merttins (1755-1818) Knox, Henry (1750-1806) |
| Place written | London, England |
| Theme | Merchants & Commerce; Banking & Economics |
| Sub-collection | The Henry Knox Papers |
| Copyright | The Gilder Lehrman Institute of American History |
| Module | Settlement, Commerce, Revolution and Reform: 1493-1859 |