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| Field name | Value |
|---|---|
| Collection Reference Number | GLC02437.05412 |
| From Archive Folder | The Henry Knox Papers [0108] April 1792 |
| Title | Samuel Ogden to Henry Knox on the financial crisis in New York |
| Date | 12 April 1792 |
| Author | Ogden, Samuel (1746-1810) |
| Recipient | Knox, Henry |
| Document Type | Correspondence; Business and financial document |
| Content Description | Received Knox's letter but wanted to wait until he arrived in New York City before he responded. Declares that he has never seen a place in so much distress. Explains that Mr. [Alexander] Macomb is under so much stress that he has "gone beyond redemption, and must begin the world again." Has heard that before Saturday more than forty noteworthy people will "stop" (meaning stop payment to their creditors, thereby declaring bankruptcy). Discusses a recent visit with Mr. [William] Duer. Duer requested that Ogden transport a financial note to Mr. John Pintard, but Ogden did not want to oblige until he spoke to Knox about the subject. Describes his dilemma. Sends love from himself and his wife to Mrs. Knox. "Free" stamped on address leaf with no signature. |
| Subjects | Revolutionary War General Finance Debt Economics Poverty |
| People | Knox, Henry (1750-1806) Ogden, Samuel (1746-1810) Duer, William (1747-1799) Macomb, Alexander (1748-1831) Pintard, John Marsden (d. 1811) Knox, Lucy Flucker (1756-1824) Ogden, Euphemia Morris (1754-1818) |
| Place written | New York, New York |
| 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 |