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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.
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.
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.
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.
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.
Writes that the insurgents are most cursedly frightened, & wish themselves to the devil. Some of the insurgents went to see the Governor to ask that the troops not be deployed to stop the upcoming siege on the General Court; they promised the insurgents would not stop the court from sitting. They were too late, however, and the troops set off to march as planned. Provides some detail about where they were quartered and where they traveled. Explains that the troops are to track down the leaders of the insurgents if they do not stand and fight. Declares that it is more like the year 75 than any thing I have seen since. Sends the compliments of General [Benjamin] Lincoln, who has set off with a very respectable command. Says he is very distressed by Knox's statement that Jackson and his officers should not become involved in the fight against the insurgents without orders from Knox or Congress. Several of his officers have already joined Lincoln's expedition and it is too late to recall them, but he suspects there will not be any actual fighting. Docketing notes that letter is a copy.
Discusses the detention of the two Companies at Castle Island ... and forwards an application I made to the Bank for the Loan of 500 dollars but they refused leting [sic] me have any - (GLC02437.03567). States that the loan was for payment of the troops, who will remain at Castle Island until they are paid. Writes, You must support me in some way or other. For related correspondence, please refer to GLC02437.03577 and GLC02437.03580.
Informs Knox that he has received the two letters he sent, regarding the disbandment of the troops. States that it is a cruel business - but I know it will give you pain, shall say nothing at this time on that subject. Discusses upcoming dinner plans. Also mentions a fire in Boston's Malt House.
Hopes to hear from Knox by the Saturday mail. Writes that the expedition against Shays and his supporters has a pleasing appearance. Funds have been raised for the expedition, a proportion of which will be used by the troops being raised. Asks him to deliver an enclosed letter (not present). Sends his respects to Mr. and Mrs. [James] Swan, as well as to Lucy Knox and the Knox children.
Says that he received his recent letters, including one to be delivered to [Benjamin] Hichborn. Asks him to give his regards to Mr. and Mrs. [James] Swan. Writes that Major [William] North has not yet arrived, and he is afraid that North is sick on the road. Declares that he would be happy if his regiment were to remain at camp until it was full and properly organized, but would be satisfied to have any help from the state or from influential monied men in the form of supplies or clothing. Expects an order from Knox to be delivered by North allowing for some money, clothing and supplies for his troops. Discusses monies raised to pay for General [Benjamin] Lincoln's expedition against the Shays insurgents, and mentions that several men, including Governor [James] Bowdoin, have contributed large sums. Asks whether Congress can authorize the use of federal troops by the state forces, if the state paid them. Describes how many men he has thus far recruited, and mentions that Mr. [Stephen] Bruce has advanced supplies to him. Sends love to Lucy Knox and the children. Document has significant water damage throughout including the signature.