France and America in the Revolutionary Era: The Life of Jacques-Donatien Leray de Chaumont, 1725-1803

By Thomas J. Schaeper | Go to book overview

10
FINANCIAL RUIN

The vast extent of Chaumont's commercial empire made its eventual disintegration all the more spectacular. His involvement in the grain trade and his commerce with India had led to some substantial losses from the late 1760s to the mid- 1770s. It was his business affairs with America, however, that caused his final and complete bankruptcy.


LAND SPECULATIONS

One source of loss was his land investments in the New World. At different times during Franklin's residence in Passy Chaumont expressed the hope that he and his family might move to America. Soon after Franklin settled in the Hôtel de Valentinois, his host even mentioned that the United States might give him land rather than money in return for housing the commissioners. Nothing ever came of these ideas, but Chaumont did invest in five different properties or stretches of land in America.

Two of these involved land companies. Most of America's leading politicians and businessmen in that era speculated in territories along the eastern seaboard and, even more, west of the original 13 colonies. There was nothing shady or unusual in this, provided that no fraud was involved. George Washington himself invested money in such ventures, some of which had conflicting claims to parts of the western territories. These land companies usually obtained their supposed rights through vague, grandiose treaties signed with various Indian tribes.

Added to the rivalry between these private groups was the fact that several of the state governments themselves disagreed with

-290-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
France and America in the Revolutionary Era: The Life of Jacques-Donatien Leray de Chaumont, 1725-1803
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Illustrations vii
  • Abbreviations vii
  • Preface viii
  • 1 - CHAUMONT'S FIRST FIFTY YEARS 1
  • 2 - FRANCE AND THE COMING OF THE AMERICAN REVOLUTION 38
  • 3 - CHAUMONT ENTERS THE PICTURE 63
  • 4 - BENJAMIN FRANKLIN'S LANDLORD 92
  • 5 - CHAUMONT AS FRIEND, ASSOCIATE, AND ENEMY 122
  • 6 - CONGRESSIONAL SUPPLIES 156
  • 7 - PRIVATE TRADE WITH AMERICA 194
  • 8 - JOHN PAUL JONES: FRIEND 227
  • 9 - JOHN PAUL JONES: ENEMY 254
  • 10 - FINANCIAL RUIN 290
  • 11 - TWILIGHT YEARS 319
  • Appendix 348
  • Bibliography 349
  • Index 377
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 386

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.