1837, Unnamed, Freedom Status Transaction (Sale)
Item
-
Title
-
1837, Unnamed, Freedom Status Transaction (Sale)
-
Description
-
During the 1837 financial panic, John A. Cobb sold or surrendered his enslaved people to his creditors, receiving $90,000.
Partial Transcript: "Great distress ensued and some of our wealthiest men came out of the wreck with nothing but their debts. One of these was Col. John A. Cobb who had become heavily involved in security debts and who surrendered all of a large property to his creditors. His negroes brought $90,000 — even at panic prices."
-
Date
-
1837
-
Price
-
$90,000
