By Steven Sarson (auth.)
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These activities also give further insights into the Calverts’ Th e P l a n t e r s 39 capitalistic propensities. Rosalie Calvert invested a great deal of her father’s money, for example, in bank stocks and government bonds. 74 Although seeking advice from expert sources such as Thomas McEwen, who was Stier’s agent in Philadelphia, Gabriel Duvall, Comptroller of the Maryland state Treasury, and Albert Gallatin, the United States Treasury Secretary, Rosalie Calvert took pride in her own skills and offered a great deal of advice to her father, especially when times arrived for reinvestment of principals when investments reached maturity.
There was no tobacco recorded and, the inventory having been taken in February, the 1837 crop had probably been sold. 75. 50, and 25 horses, worth $1,595. 40 in total, nowhere near as valuable as tobacco, but valuable enough to add significantly to the Calvert family fortune and to insulate the family from Atlantic political and economic storms. The Calverts also engaged in extra-agricultural economic activity, something Rosalie Calvert not only commented on but was actually involved in, as were many wealthy southern women.
Th e P l a n t e r s 25 Not surprisingly, almost all planters were slaveholders. Of the 15 large planters of 1800, 14 held slaves. In 1810 and 1820 respectively, all 17 and all 12 large planters were slaveholders. The exception in 1800 was Samuel Snowden, a planter whose ideas about slavery were evidently affected by enlightened times. ” There was apparently some ambiguity or legal doubt over this manumission, which Snowden took the trouble to sort out. ”12 However, although quite a few Chesapeake planters manumitted their slaves, not least George Washington of course, the large majority did not.
The Tobacco-Plantation South in the Early American Atlantic World by Steven Sarson (auth.)