Daniel Webster's western land investments: Historical New Hampshire/ by Magdalen Eichert.

Title:

Daniel Webster's western land investments: Historical New Hampshire/ by Magdalen Eichert.

Author:

Eichert, Magdalen,

Call Number:

977.8 N5321h

Publication Information:

Concord, NH: New Hampshire Historical Society, 1971.

Physical Description:

p.28-35.

Source:

Concord, New Hampshire: New Hampshire Historical Society, 1971 Vol. 26, Issue 3 (Fall 1971) Historical New Hampshire

Description:

Webster inspected midwestern lands in 1836 and began speculative buying. With economic depression and larger personal debts after 1837 he unloaded some land for depreciated currency. At the same time he bought Missouri-Arkansas river land, aided by a loan of 10 thousand dollars from Pierre Chouteau of the American Fur Company, repaid by 1840. Two of his land agents borrowed 10 thousand dollars and never repaid it. They were also careless about the quality of titles to land they bought for him. In 1839-40 he apparently relieved his finances by a sales trip to England. In 1842 he claimed to hold 250 thousand acres in Tennessee, and in 1845 he bought heavily in Mississippi. His total investment exceeded 100 thousand dollars but no known records tell whether he or his heirs realized any increment.

Subjects:

Land speculation United States.

People:

Webster, Daniel, 1782-1852.

Organizations:

New Hampshire Historical Society Periodicals History.

Terms of Use:

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Electronic Resources:

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