Riggs and Peabody continued their business ventures and engaged in international finance. They were mainly concerned with restoring the credit of Maryland abroad after the depression of 1841 to 1842 and disposed a bond issue of $8 million. Before moving to New York, Elisha established the bank of Corcoran & Riggs in Washington, D.C., which was organized by William Wilson Corcoran and Riggs' son, George, and financed by Elisha.
Riggs and Peabody continued their entrepreneurial endeavors and delved into global financial dealings. Their main objective was to restore Maryland's international reputation for creditworthiness after the economic hardship of 1841-1842 and issue a $8 million bond. Prior to moving to New York, Elisha established the Corcoran & Riggs bank in Washington, D.C., which was spearheaded by William Wilson Corcoran and George Riggs, Elisha's son, with Elisha providing the necessary funding.