Christ.[opher] Court & Co
Manuscript Letter Signed, London August 1, 1772 to Mrs. Henrietta Maria Goldsborough, Maryland

quarto, one page, plus stampless address leaf, in very good, clean and legible condition.

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           “… we fear the great scarcity of money and want of Credit which prevails here at present, may be a means of keeping down the prices of Tobacco… [though] our market is very bare at present, which is however one favourable circumstance.”

               The Panic of 1772 began in London and spread throughout Europe, ending two years of enormous expansion of British imports to America and lavish credit given to American and southern planters who could not now repay their debts. This, in turn, impacted the Tea market and culminated in the Boston Tea Party of December 1773, the prelude to revolution.

Henrietta Goldsborough – who did not, in fact, receive this letter, because she had died 10 months earlier – was a very rich lady from one of the most prominent Maryland families, a Tilghman by birth, twice widowed, her second husband being a colonial Maryland Judge who left her his Tobacco plantation to add to the “Peach Blossom” estate she had already inherited from her first husband. She did not live to see the economic and political turmoil which followed this letter’s announcement of financial trouble.