Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Loud Mime
If I remember correctly from a book about Jefferson he suffered heavy debt at the end of his life trying to help his only living daughter and her 12 children.

Taken from his bio at Wikpedia:

Although he was born into one of the wealthiest families in the United States, Thomas Jefferson was deeply in debt when he died. His possessions were sold at auction.

18 posted on 05/16/2008 9:59:05 AM PDT by Aquamarine (1 Corinthians 2:9)
[ Post Reply | Private Reply | To 7 | View Replies ]


To: Aquamarine

Here’s more:

He was a successful lawyer, though his professional income was only a supplement. He had inherited a considerable landed estate from his father, and doubled it by a happy marriage on Jan. 1, 1772, to Martha Wayles Skelton. However, his father-in-law’s estate imposed a burdensome debt on Jefferson. He began building Monticello before his marriage, but his mansion was not completed in its present form until a generation later. Jefferson’s lifelong emphasis on local government grew directly from his own experience. He served as magistrate and as county lieutenant of Albemarle county. Elected to the House of Burgesses when he was 25, he served there from 1769 to 1774, showing himself to be an effective committeeman and skillful draftsman, though not an able speaker.

snip

Jefferson had long been troubled by debt, and the failure of a friend whose note he had endorsed brought him to virtual bankruptcy. But he was rich in honor, friendship, and domestic happiness when he died at Monticello on July 4, 1826 just hours before John Adams, on the 50th anniversary of the Declaration of Independence.

Source:http://www.theamericanrevolution.org/ipeople/tjeff.asp


19 posted on 05/16/2008 10:05:52 PM PDT by Loud Mime (Liberalism is a Socialist Disease)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson