[George Washington: Farmer by Paul Leland Haworth]@TWC D-Link book
George Washington: Farmer

CHAPTER XVI
5/13

When the war broke out much of the money he had obtained by marriage was loaned out on bond, or, as we would say to-day, on mortgage.

"I am now receiving," he soon wrote, "a shilling in the pound in discharge of Bonds which ought to have been paid me, & would have been realized before I left Virginia, but for my indulgences to the debtors." In 1778 he said that six or seven thousand pounds that he had in bonds upon interest had been paid in depreciated paper, so that the real value was now reduced to as many hundreds.

Some of the paper money that came into his hands he invested in government securities, and at least ten thousand pounds of these in Virginia money were ultimately funded by the federal government for six thousand two hundred and forty-six dollars in three and six per cent.

bonds.
And yet, by examining Washington's accounts, one is able to estimate in a rough way the returns he received from his estate, landed and otherwise.

We find that in ten months of 1759 he took in L1,839; from January 1, 1760, to January 10, 1761, about L2,535; in 1772, L3,213; from August 3, 1775, to August 30, 1776, L2,119; in 1786, L2,025; in 1791, about L2,025.


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