752. Manasseh Cutler to Richard Platt
Ipswich, 20 February 1788 (excerpts)1

… Continental Securities have been falling in Boston since my last return from N. York, & it was presumed Adventurers who have not paid for their shares [in the Ohio Company] would purchase them at 2/6—To prevent their rising, it has been proposed that individual Adventurers should not apply to ye. Brokers, but deposit their hard money in ye hands of one man only, who should get them on ye. best terms in his power—A considerable sum has been put into my hands—but ye. ratification of ye. fedral Constitution has given them a sudden start, & raised them to 3/6—altho there are very few purchasers—& those principally who wish to keep them untill they rise to par—

This sudden rise of securities very materially affects many of our most valuable adventurers—men who intend immediately to go into ye Country with their families—are possessed of small property—& will be just able to get them selves into ye Country, after paying for their lands—but men that are of ye. greatest consequence to every other description of Adventurers, as it depends on them to cultivate ye Country & render it valuable. …

Give me leave to congratulate you on ye. adoption of ye. Federal Constitution by the Massachusets—We hope N. York will not be obstinate—But, with us, her adoption of it is more problematical than even that of Rhode Island. …

1. RC, Cutler Collection, Northwestern University, Evanston, Ill.