Morris was deeply involved in land speculation, especially after the Revolutionary War; (See Phelps and Gorham Purchase of 1791 above); on April 22, 1794 Morris entered into an association called the Asylum Company with John Nicholson, had served as Comptroller-General of the state of Pennsylvania from 1782 to 1794 to purchase 1,000,000 acres of Pennsylvania land besides land they already had title to in Luzerne County; Northumberland County and Northampton County. was not the first partnership Morris and Nicholson were involved in; in 1792, Nicholson had negotiated the purchase from the federal government of the tract known as the Erie Triangle. Along with an agent of the Holland Land Company, Aaron Burr, Robert Morris, and other individual and institutional investors, he formed the Pennsylvania Population Company. This front organization purchased all 390 parcels of land in the Erie Triangle. Nicholson was impeached in 1794 for his role in the company. However, Morris severely overextended himself financially. He had borrowed to speculate in real estate in the new national capital, District of Columbia, but signed a contract with a syndicate of Philadelphia investors to take over his obligations there. After that, he took the options to purchase over in the rural south. Unfortunately for Morris, that syndicate reneged on their commitment, leaving him once again liable, but this time with more exposure.