 The success of <unk> 's speculations prompted him to enter a partnership with <unk> , William <unk> and Daniel Parker in an attempt to acquire U.S. foreign debt obligations on favorable terms . Parker was a business partner of <unk> 's , and <unk> was an influential New York businessman and Treasury Department official whose lavish lifestyle impressed <unk> . The partnership promoted sales of U.S. lands in Europe , and sought to acquire U.S. obligations to France . Although <unk> sank $ 10 @,@ 000 into this venture , it failed : more powerful and experienced Dutch <unk> <unk> the Americans . <unk> also engaged in other ventures with these partners , but apparently carefully stayed with financial speculations , and avoided the partners ' less successful land ventures . 
