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Jackson is in charge of handling the sale of Knox's state securities, and he informs Knox several brokers have advised him to wait to sell them. Further discusses financial matters. Reports that the directors of the Ohio Company recently had a meeting (refer to GLC02437.03648). Jackson subscribed for two more shares. Writes, I am allmost serious when I tell you, I have thought of retiring to that wilderness & pass the remainder of my life. I am dissatisfied with the world- this last disappointment has made me unfit for anything... Writes that General [Rufus] Putnam is in Boston and plans to go to the Ohio Country in the fall. Sends his condolences for the death of Knox's daughter.
Explains to Knox his reasons for not selling Knox's securities (refer to GLC02437.03635). Says Samuel Breck had advised Jackson to wait before selling since it appeared with the way the new Constitution was shaping that the value would likely increase. Comments he disagrees with Knox's decision to sell now but, like an officer, I will obey or decision and immediately sell Knox's shares. States that he believes Massachusetts will almost certainly ratify the Constitution. Sends his love to Lucy and the rest of Knox's family.
Knox writes that he and Lucy have lost their youngest daughter. Lucy's health is hurt by her grief but she is now better. Says he has been informed that Jackson has ignored Knox's warning and has not attended to his accounting with the rigidness that is required; therefore, he cannot say whether Jackson will receive any relief from Massachusetts. But he believes something will be granted by the Board of Treasury. Instructs Jackson to sell all of Knox's Massachusetts securities and invest in land speculation in New York. Does not believe there will be any significant rise in the value of his securities and therefore chooses to sell. States he would not have sold at present if it were not for the rare opportunity of purchasing the land and Knox's current ability of obtaining the needed cash. Believes his will double his profits within seven years.
Forwards a bill of exchange drawn by Capt. Thomas Randall for [Dollar sign]40. Noted as an extract.
Writes that it gives everyone pleasure to hear Mrs. Knox is well a Bed - I please myself the Child will do well altho appearances may at present be against it. Discusses the brief arrival in town of a Major [possibly Richard] Platt and mentions his financial problems. Will visit Isaac Winslow to consult him on the business Knox mentions. Discusses local business and political issues, such as the opening of the General Court and the speech by the Governor to both houses. Heard reports that 7,00 men were armed in Springfield to oppose sitting of the Supreme Court and that even more men are in arms to support the government. (Refers to Shays' Rebellion) Does not know how this will end but hopes something important will come of it. Refers to an upcoming meeting of the Society of the Cincinnati, and a great honor earned by General [John] Sullivan. Also refers to meeting the Minister of the Netherlands, who is in town. Sends his love to Lucy Knox and the children.
Informs Knox that the final note is in Nourse or Hillegas's office (Jackson sold [Dollar sign]10,000 worth of Knox's notes without his permission and attempted to retrieve them at Knox's request). Expresses hope that New Hampshire will adopt the Constitution (New Hampshire in fact ratified the Constitution 21 June 1788). Reports that the General Court of Massachusetts (the Massachusetts legislature) will remain adjourned until September 1788 at which time, he hopes, they will be able to give orders to the people to choose the members for the General Government. Obtained a resolve from the General Court that he hopes will make up for the loss I have sustained by pledging myself for the clothing & supplies to the late Federal troops- Docket indicates answered the 29th and assured him the note 1045 was not ever received at Nourses office. Marked private on the address leaf.
Discusses financial business involving Judge Wendell. Also mentions selling Colonel Platt a bill at 30 days for [Dollar sign]625. Extensive docket, with accounting, in Knox's hand.
Informs Knox that his affairs at the Eastward want your attention exceeding, I impressed this on the mind of your Brother when here, in the strongest manner that was in my power. Discusses the subdivision and selling off of Knox's lands, likely in Maine. Relates advice about Knox's land to maximize his profits. Mentions that General [Rufus] Putnam is planning to move to Ohio, and that he [Jackson] is sick of the city and thinking of moving out there himself. Relates business matters involving their mutual friend [Samuel] Breck. Lastly, discusses the fact that the Massachusetts legislature has voted to hold a convention to ratify the new United States Constitution. Adds that if it is approved, a military will be established; hopes Knox will think of him for a position in that new military.
Mentions the illness of Lucy Knox, related to the recent passing of one of the Knox children. Discusses the recent bill describing the salaries of the various executive departments. Mentions General [Benjamin] Lincoln's recent appointment and his leading troops to negotiate with the Creek Indians in Georgia. Comments on his own prospects for receiving an appointment in the Revenue office or as Marshall. Also mentions the arrival of a French ship in the Boston area, as well as a bill from Captain [Thomas] Vose, Knox's agent in the Waldo patent.
Relates that he paid several bills Knox owed, including one to Mr. [Ebenezer] Dunton. Provides a summary of financial transactions he has performed on Knox's behalf. Also mentions that Dr. [William] Eustis has purchased for Knox a breeding mare.