Description

    Declaration Signer Thomas Nelson, Jr. (1739-1789) Letter Clerically Signed Twice, "Thos. Nelson Jur." and "T. N.", two pages, 7.75" x 12.5", York, Virginia, September 9, 1785 to Samuel Martin discussing trans-Atlantic shipping and the sorry state of the economy. He first informs Martin that "The Brig Assistance being at length loaded... will proceed with all Expedition to London. I feel myself extremely hurt at this unfortunate Adventure; but I must content myself with the reflection of having done the best I cou'd with her..." Nelson goes on to describe the general state of economic affairs only two years after the close of the American Revolutionary War: "Our Country is so glutted with Goods that is impossible to sell any Quantity for ready Money, so that we are obliged to give Credit, which makes our Trade so precarious that the Profits are hardly adequate to the Risk the Merchant runs. Before I had heard any thing of Mr. Blackburns House, I had connected myself with the House of Wallace Johnson & Miser of London, to whom I have this Year consign'd the principle Part of my own Crop. From some late Acc[oun]ts from London I almost wish I had sold my Tobacco in the Country where the Price was very high. Very few of our Planters ship their Crops at this Time, chusing [sic] rather to sell to the merchants than to risk them across the Water, so that it wou'd be impossible to load a Vessel of any Burthen on Consignment, and to Load on Purchase at the extravagant Prices now demanded is much too hazardous to be attempted by an Individual, unless he had a very large Capitol to support him in any Loss he might sustain..." An excellent description of the economic slump that hit the infant United States at the conclusion of the peace treaty of 1783. The letter is signed clerically but still of value and historical interest. Clean separation at center horizontal fold, a few minor chips to margins repaired with archival tape, else very good. Another important letter with revelatory content. From the Henry E. Luhrs Collection. Accompanied by LOA from PSA/DNA.

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    Auction Dates
    February, 2006
    20th-21st Monday-Tuesday
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