Mr. Gallatin's land speculations were not profitable. His plan of Swiss colonization did not result in any pecuniary advantage to himself. His little patrimony, received in 1786, he invested in a plantation of about five hundred acres on the Monongahela. Twelve years later, in 1798, he was neither richer nor poorer than at the time of his investment. The entire amount of claims which he held with Savary he sold in 1794, without warranty of title, to Robert Morris, then the great speculator in western lands, for four thousand dollars, Pennsylvania currency. This sum, his little farm, and five or six hundred pounds cash were then his entire fortune. In 1794, the revolution in Switzerland having driven out numbers of his compatriots, he formed a plan of association consisting of one hundred and fifty shares of eight hundred dollars each, of which the Genevans in Philadelphia, Odier, Fazzi, the two Cazenove, Cheriot, Bourdillon, Duby, Couronne, Badollet, and himself took twenty-five each. Twenty-five were offered to Americans, which were nearly all taken up, and one hundred were sent to Geneva, Switzerland, to D'Yvernois and his friends. The project was to purchase land, and Mr. Gallatin had decided upon a location in the northeast part of Pennsylvania, or in New York, on the border. In the summer Gallatin made a journey through New York to examine lands with the idea of occupation. In July, 1795, he made a settlement with Mr. Morris, taking his notes for three thousand five hundred dollars. Balancing his accounts, Mr. Gallatin then found himself worth seven thousand dollars, in addition to which he had about twenty-five thousand acres of waste lands and the notes of Mr. Morris. In 1798 Mr. Morris failed, and, under the harsh operations of the old law, was sent to jail. Mr. Gallatin never recovered the three thousand dollars owed to him in the final balance of his real estate operations. After Mr. Gallatin left the Treasury he located patents for seventeen hundred acres of Virginia military lands in the State of Ohio, on warrants purchased in 1784. In 1815 he valued his entire estate, exclusive of his farm on the Monongahela, at less than twelve thousand dollars. Forty years later he complained of his investment as a troublesome and unproductive property, which had plagued him all his life. Besides the purchase of lands, Mr. Gallatin invested part of his little capital in building houses on his farm, and in the country store which Badollet managed. The one yielded no return, and the sum put in the other was lost through the incompetency of his honest but inexperienced friend. His wife brought him a small property, but at no time in his life was he possessed of more than a modest competency. But he had never any discontent with his fortune nor any desire to be rich.