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George Keats of KentuckyA Life$
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Lawrence M. Crutcher

Print publication date: 2012

Print ISBN-13: 9780813136882

Published to Kentucky Scholarship Online: May 2013

DOI: 10.5810/kentucky/9780813136882.001.0001

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Ruin and Death 1841

Ruin and Death 1841

Chapter:
(p.173) Ruin and Death 1841
Source:
George Keats of Kentucky
Author(s):

Lawrence M. Crutcher

Publisher:
University Press of Kentucky
DOI:10.5810/kentucky/9780813136882.003.0015

George guarantees the note of Tom Bakewell for a large steamboat project, which is terminated following the Panic of 1837. Bakewell defaults and George bankrupts himself trying to pay the debt. On a lumber buying trip, he falls ill of an undefined gastro-intestinal ailment and dies on Christmas eve, 1841. His estate is insolvent, able to pay about 20 cents on the dollar of his indebtedness.

Keywords:   guarantee, Dehydration, Zero out, Appraisement, Liquidation, Dower, Library, Character, Establishment, Limited legacy

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