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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.
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.
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.
Discusses a letter received previously from Jackson and how sorry that he has not been able to respond promptly. Most of the rest of the page is illegible. Date and place writ from previous assessment. Watermarked G R under a crest.
Writes that he is very upset at the sudden death of his brother, Joseph, which happened the previous Friday. Is traveling to Brookline to see his brother's widow and daughter. Touches on financial arrangements with Knox and with Mr. [James] Swan.
Encloses a draft of a petition for a remission of the tax of 1786, which was for 437.10. Asks Jackson to consult Sullivan and Dane on the issue. Says the Winslows must also sign it. Gives him instructions on what to do depending on their reactions. Stresses he does not want him to sell land to pay taxes. Asks about his house. Letterpress copy.
Writes that he has received Knox's recent letters, and assures him he will try to help Knox in whatever way possible. Adds that he does not lack the will to help, but does lack the means. Declares that he was unable to avoid paying some of Knox's interest, but will try to avoid paying more interest if he can. Discusses helping Knox with obtaining supplies for a ship. Mentions financial arrangements with several people, including Samuel Waldo. Also reports the death of an acquaintance, Mrs. Geyer.
Reiterates that Mr. Duer and I myself authorized you and Mr. Flint to purchase for us and not for any other person - in relation to a land purchase. Continues discusses the circumstances surrounding the buying of the land. Mentions Madame la Val and that she is still working in New York to see whether any advances can be made her. Watermarked G R under a crest.
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.
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.