760. Manasseh Cutler to Andrew Oliver
Ipswich, 22 February 1788 (excerpt)1

I have the honor of receiving your favor of yesterday, & shall be happy in rendering any services, in my power to your self or your Son. When I was at Boston last week, found the price of Continental securities so high, that I conceived it most prudent not to purchase at present. There appeared to be very little demand for them, & yet were held at 3/10d & 4/ on ye. pound. This sudden rise, I am confident, is owing to the spirit of the day, in consequence of ye. adoption of ye. federal Constitution by this Commonweath, & without a proper attention to ye. mode in which a future Congress will most certainly redeem those Securities. I entertain no doubt of their falling in this State, but lest they should not, & apprehending them to be, at this instant, much lower in ye. southward states, I have wrote to Col. Platt, at New york, the Treasurer of the Ohio Company, to favor me with ye. Price in New york, Philadelphia & Virginia. He is a Gentleman of very extensive information on this subject, &, if they can be obtained at a lower rate at ye. Southward, we have only to forward our hard money to him. I shall expect an answer in ten days. …

1. RC, Oliver Family Papers, MHi.