Footnotes
In August 1839, JS, Sidney Rigdon, and Hyrum Smith purchased land from Hotchkiss and his partners in land speculating, John Gillet and Smith Tuttle. (See Bond from Horace Hotchkiss, 12 Aug. 1839–A.)
See Horace Hotchkiss, Fair Haven, CT, to Sidney Rigdon, Nauvoo, IL, 8 Nov. 1842, Newel K. Whitney, Papers, BYU.
Whitney, Newel K. Papers, 1825–1906. BYU.
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JS’s insistence that all his creditors would “fare alike” most likely meant that he intended to leave repayment of his debts to the bankruptcy court, rather than make new arrangements for repayment with Hotchkiss. (See Letter from Horace Hotchkiss, 27 May 1842.)
The “extreme pressure of the times” included the nationwide depression that followed the Panic of 1837. In his 13 May letter to Hotchkiss, JS had explained further difficulties that had forced him to petition for bankruptcy, most of which related to financial losses incurred by the church “through the influence of Mobs & designi[n]g men.” Specific challenges included significant property losses in Missouri, the debts the church contracted after the expulsion as leaders sought to provide land for the Latter-day Saint refugees in Illinois and Iowa Territory, and other unspecified debts, which may have included a debt to the federal government for the purchase of the steamboat Des Moines. (Letter to Horace Hotchkiss, 13 May 1842.)
In June 1842, Wilford Woodruff noted in a letter to Parley P. Pratt that he had “never seen Joseph as full of business as of late he hardly gets time to sign his name.” (Wilford Woodruff, Nauvoo, IL, to Parley P. Pratt, Liverpool, England, 18 June 1842, Parley P. Pratt, Correspondence, CHL.)
Pratt, Parley P. Correspondence, 1842–1855. CHL. MS 897.
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