Existing comment:
A Financial Blow:
1821 -- As construction begins on the Stone House, Gallatin receives a devastating financial blow. When he left from France in 1816, his glassworks was doing well. However, things soon took a turn for the worse. The Panic of 1819 left the firm with a huge supply of glass, no buyers, and considerable debt. Given Gallatin's hatred of debt, one can only imagine the shock of this news. His industrial dream for New Geneva dies with his glassworks in 1821. |