"Morris was the most famous
of the speculators, famed as the Financier of the American
Revolution. But in 1794 Greenleaf had the most cash on hand and
directed their operations in the city. Only 28 years old in 1793, he
had dazzled Europe and America by making huge profits when
speculating with Dutch banks on the American Revolutionary War debt."
To help run his Washington operations, James Greenleaf hired his brother-in-law William Cranch. Cranch was also the nephew of Vice President John Adams. In a letter to his father written shortly after arriving in Washington, Cranch described Greenleaf's coterie of French advisers and then extolled Greenleaf. Both Greenleaf and Cranch were from Massachusetts. Cranch replaced Nathaniel Appleton who was too sick to continue working for Greenleaf in Washington. Greenleaf met the Frenchmen during his travels from Europe to the US.
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