Thomas Randall to Henry Knox on Impending Financial Crisis, 18 March 1792 PDF Download
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Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book 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.
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book 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.
Author: Henry Knox Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Instructs Randall not to execute any of the bonds Knox previously mentioned without further instructions from Knox, and to keep this request secret. Asks Randall to deliver an enclosure (not included) to William Duer with his own hands.
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Writes, Mr. [Matthew] McConnell has discounted for me the note you was so obliging as to accept & remitted me the money - I think there is no probability of a charter being granted for another New Bank in New York - it is a pity this rage for speculation is so great - half shares have fell to 30 per cent in consequence of a quantity being sold out here from the Boston market & the money taken away however it is expected the flurry will be soon over and they will rise again. (See GLC02437.05328 for more information on the financial transaction with Mr. McConnell.) Free stamped on address leaf with no signature.
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Writes, The stoppage of payment by Mr. [William] Duer has created considerable anxiety, although it has as yet produced no other failures - he himself assured me that he would finally comply with all his contracts but required time. Adds that he, himself, will not suffer much from Duer's financial problems, and explains how much he loaned Duer and the arrangements they made together. Suggests that Knox help by repaying Duer any amount he can. Concludes, If he does not come forward soon & explain his affairs this city will be in great commotion. Adds that he expects the arrival of [Samuel] Shaw any day. Free stamped on address leaf with no signature.
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Provides a list of the bank notes he encloses (not present). Apologizes to him for sending Knox a bill at an inconvenient time. Discusses their business arrangements with Mr. Fullerton, Mr. McConnell, and Mr. Deblois.
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Congratulates Knox on the birth of his daughter, which took place on 8 July. Says he might need discounts at the Bank of Philadelphia in the course of his future business. Asks Knox if he will accept my bill on you at forty five or sixty days sight. Explains that the money will be given to Knox in time to pay the bill, and that the bill will be drawn by Mr. McConnell. Says he wants access to an extension of credit to answer Mercantile Speculations, which I apprehend I can make to profit for these few months to come. Postscript says he enclosed letter from Mrs. Randall is for Lucy Knox (not included). Stamped FREE on verso. Knox answers Randall's letter on 21 July 1791 (GLC02437.05077).
Author: Thomas Randall Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Writes to enclose several national bank notes. Lists each of the notes along with their values. Also enumerates the amount of money Knox owes on old accounts. Discusses the monies owed by a Mr. McConnell, and encloses an open letter to him (not present) on the subject. Comments on the ability of himself and Mr. [Samuel] Shaw to sell their merchandise, such as tea, and pay what they owe. Also mentions Shaw's upcoming marriage proposal and wishes him luck.
Author: Thomas Randall
Author: Thomas Randall
Author: Henry Knox
Author: Henry Knox
Author: Thomas Randall
Author: Thomas Randall
Author: Thomas Randall
Author: Thomas Randall
Author: Thomas Randall
Author: Thomas Randall
Author: Thomas Randall