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The main investment which bankrupted "Light Horse Harry" Lee was a scheme to develop a canal and land at the Falls of the Potomac. Canal building was all the rage at the time, just a railroad building would become in a generation or two. Lee was just slightly ahead of his time, because by the time he was about to go under, the new national capital was established in the new "Federal District of Columbia" just across the River from the tract he was trying to develop. Its worth billions today.

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15y ago

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