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| Field name | Value |
|---|---|
| Collection Reference Number | GLC02437.05363 |
| From Archive Folder | The Henry Knox Papers [0107] March 1792 |
| Title | Thomas Randall to Henry Knox on impending financial crisis |
| Date | 18 March 1792 |
| Author | Randall, Thomas (d. 1811) |
| Recipient | Knox, Henry |
| Document Type | Correspondence; Business and financial document |
| Content Description | Received Knox's recent letter and went to visit Colonel [Benjamin] Walker immediately. Walker had also received a letter from Knox, and "concluded to pay his acceptances and draw on you at thirty days." Discusses how Mr. [William] Duer's financial distress is causing anxiety in New York City. His friends will come forward soon with ideas to help him; the individuals with the most to lose are Mr. [Alexander] Macomb and Mr. Walter Livingston, as they have loaned him the most. Writes that so far the situation has "tended not only to greatly lower stocks (which perhaps is no real evil) but it has destroyed in a great measure private credit & confidence in all classes." Further discusses financial arrangements with Walker. "Free" stamped on address leaf with no signature. |
| Subjects | Revolutionary War General Debt Finance Economics Banking |
| People | Knox, Henry (1750-1806) Randall, Thomas (d. 1811) Walker, Benjamin (1753-1818) Duer, William (1747-1799) Macomb, Alexander (1748-1831) Livingston, Walter (1740-1797) |
| 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 |