A long-lost letter from George Washington hints at the first president's financial woes, and it is expected to fetch $50,000 at auction.
A long-lost letter from George Washington hints at the first president’s financial woes, and it is expected to fetch $50,000 at auction. The Raab Collection, an auction house specializing in historical documents, announced the discovery of the letter in a news release Sunday. The letter was previously “unknown to scholars” and was kept in a small private collection in rural West Virginia, according to the news release.
“The land you mention is for sale, & I wish it was convenient for me to accommodate you with it for military certificates; but to raise money is the only inducement I have to sell it,” Washington wrote. “One fourth of the money to be paid down - the other three fourths in three annual payments, with interest,” he added.
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