When the NALC did not issue its 6 percent dividend, Greenleaf transferred one-third of the shares in the "391 trust" to the trustees. The total number of shares transferred to the "381 trust" trustees was now 6,119. On June 24, 1797 Morris, Greenleaf and Nicholson had conveyed their Washington D.C. Lots in trust to Henry Pratt and others in payments of their debts. Poor business practices were now dragging down NALC. For years, Morris and Nicholson had acted as personal guarantors for one another's notes. Now many of these notes were coming due, and neither man could pay them. Creditors began selling the notes publicly, often at heavy discounts. By 1798, Morris and Nicholson's $10 million in personal notes were trading at one-eighth their face value. NALC also discovered that some of titles to the of land it owned were not clear, and thus the land could not be used for security. In other cases, NALC found it had been swindled, and the rich land it thought it owned turned out to be barren and worthless. Morris and Nicholson honestly believed that, if their cash flow problems were fixed, they could make payments on the property they owned and their shares would be returned to them. This proved incorrect. On October 23, 1807, all stock in the company was sold at 7 cents on the dollar to the accountants managing the Aggregate Fund. In 1856, the Trustees of the North American Land Company held $92,071.87. Morris and Nicholson's heirs sued to recover the stock and gain access to the income. The North American Land Company stayed in existence until 1872. An 1880 auditors report called the litigation "phenomenal ... the counsel for Morris and Nickerson pursued the fund for twenty-five years, seeking to obtain it from the trustees of the North American Company and the trusts which had been created from it, and also defending the money from the State in an attempt to sequestrate it. After all counsel fees and expenses, the amount available for division to the Morris interest was $9,692.49."