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John Potts business papers

Creation: 1767-1830
 Collection
Accession: 0031

Abstract

John Potts (1760-1809) was a Pennsylvania businessman and member of the Potts family of ironmasters. This collection documents copper and iron ore mining and land speculation in Pennsylvania and Virginia by John Potts Jr. between 1767 and 1830. The bulk of the collection consists of correspondence between Potts and his brother-in-law, Robert E. Hobart (1768-1826). It describes the initial operation of the Keeptryst Furnace and the operations of the Copper Mine Company of Pennsylvania.

Dates

  • Creation: 1767-1830

Creator

Extent

0.5 Linear Feet

Biographical Note

John Potts (1760-1809) was a Pennsylvania businessman and member of the Potts family of ironmasters.

John Potts Jr. was born on October 20, 1760, the son of Samuel Potts (1736-1793), ironmaster of Pottstown, Pennslyvania. He should not be confused with his uncle of the same name born in 1738, a Loyalist during the Revolutionary War.

John Potts Jr. was educated in Philadelphia as a lawyer. In 1793, he joined his three brothers and his brother-in-law, Robert E. Hobart (1768-1826), in forming the Copper Mine Company of Pennsylvania. In the same year he was induced to accept the post of secretary of the Patowmack Company in Alexandria, Virginia, probably by George Washington (1732-1799), president of the company. His father's work on a scheme to improve the navigation of the Schuylkill River may have been responsible for his joining Washington's project on the Potomac. However, Potts remained active in the Copper Mine Company and apparently induced some of his Virginia associates to invest in it.

Although it completed some short canals and improvements to the channel of the river, the Patowmack Company was ultimately unsuccessful. While living in Alexandria, Potts took over the operation of the Keeptryst Furnace upriver in Berkeley County, now in West Virginia. He was also drawn into land speculation involving some 20,000 acres in Randolph County and 18,000 acres in Spotsylvania County. Neither venture was successful, and the threat of America's involvement in the Napoleonic Wars adversely affected the copper mine project. John Potts was insolvent when he died on October 17, 1809, while on a visit to Pottstown.

Arrangement

Arranged chronologically by subject.

Scope and Contents

This collection documents copper and iron ore mining and land speculation in Pennsylvania and Virginia by John Potts Jr. between 1767 and 1830.

The core of the collection consists of correspondence between Potts and his brother-in-law, Robert E. Hobart. It describes the initial operation of the Keeptryst Furnace and the operations of the Copper Mine Company of Pennsylvania; Potts's attempt to interest Robert Smith, Secretary of the Navy, in underwriting the copper mine; and difficulties encountered with machinery (particularly a steam engine), employment of miners, and the diminishing supply of capital.

Among other correspondence and accounts are letters from Henry Thomas (dates unknown), engineer and miner from Cornwall, England, who informed Hobart of daily progress at the mine. The land speculations are documented with deeds, surveys, and descriptions of natural resources on these lands.

In addition, the letters contain references to events of national interest. In a letter of 1789, Potts describes the visit of George Washington to Alexandria on his way to New York to assume the presidency and mentions the General's apparent distress at leaving his home and friends. Later letters refer to the Tripolitan War, the effect of Anglo-American friction on commerce, the scarcity of money in 1804-1805, and political events of the day.

Access Restrictions

No restrictions on access; this collection is open for research.

Language of Materials

English

Finding Aid & Administrative Information

Title:
John Potts business papers
Author:
John Beverly Riggs
Date:
1965
Description rules:
Describing Archives: A Content Standard
Language of description:
English
Script of description:
Latin

Revision Statements

  • 2024: Laurie Sather

Repository Details

Repository Details

Part of the Manuscripts and Archives Repository

Contact:
PO Box 3630
Wilmington Delaware 19807 USA
302-658-2400