Also, at the end of the Depression (1857-1862), population dipped downward in Hamilton and the city could not meet the interest on its bonds, many of which were held by British investors. To temporarily save the city from its creditors, Henry Beasley removed the assessment rolls, thus preventing a levy of special tax.
Additionally, at the conclusion of the Great Depression (1857-1862), population declined in Hamilton, and the city was unable to meet its bond interest payments, which were largely held by British investors. To temporarily avoid paying its creditors, Henry Beasley suspended the assessment rolls, thus preventing a special tax levy.