Lovell, James, 1737-1814 to Samuel Holten
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Gilder Lehrman Collection #: GLC01450.020.10 Author/Creator: Lovell, James, 1737-1814 Place Written: s.l. Type: Autograph letter signed Date: January 23, 1781 Pagination: 2 p. : address : docket ; 31 x 20 cm. Order a Copy
Discusses the dire economic state of the colonies, inflation, and the depreciation rate of currency. States that according to John Adams, the British will continue the war. Mentions that Maryland has limited the time beyond which the old money will not be accepted. Reports that the other states might not put the resolution of March 18 into place but that Congress is determined it will succeed. Indicates that the debt situation is dire, stating "We, mighty men, totally dependent upon 13 Legislatures, different in views for support in our smallest endeavors to carry on the war."
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