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Herman LeRoy wrote from New York, New York to Susan Kean in Elizabethtown, New Jersey. LeRoy informed Susan that he had a conversation with her brother (Philip Livingston) regarding the investment of money that Susan had lying unemployed. LeRoy explained that the new loan scheduled to open on the 28th of February for 5 million dollars of 8 Act Annuities promised to employ money safely. The high-interest rate, LeRoy considered, would make foreigners purchasers. Although the idea was tempting, he would not advise anyone to put all of their money in it. If Susan wanted to become a subscriber to the loan, she would have to send her money to her friend in Philadelphia who would manage it for her.
Herman Le Roy (1758-1841)
Susan Kean, formerly Susan Livingston and later Susan Ursin Niemcewicz (1759-1833)
New York, New York
Bay 1, Column 1, LHC Series 2
LeRoy, Herman. Herman LeRoy to Susan Kean, January 21, 1799. Manuscript. From Special Collections Research Library and Archive, Kean University, Liberty Hall Collection 1790s. https://digitalcommons.kean.edu/lhc_1790s/599
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