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Collection Reference Number GLC02437.10333
From Archive Folder The Henry Knox Papers [0139] January-April 1799 
Title Statements related to Knox's inability to pay financial notes
Date 22 October 1798 - 15 February 1799
Author Knox, Henry (1750-1806)  
Document Type Business and financial document
Content 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.
Subjects Finance  Debt  Military History  Global History and Civics  Foreign Affairs  Waldo Patent  Children and Family  Land Transaction  
People Knox, Henry (1750-1806)  Jackson, Henry (1747-1809)  Lincoln, Benjamin (1733-1810)  
Place written Boston, Massachusetts
Theme Banking & Economics; Merchants & Commerce
Sub-collection The Henry Knox Papers
Copyright The Gilder Lehrman Institute of American History
Module Settlement, Commerce, Revolution and Reform: 1493-1859