[1] He must have had very good political connections because he became Deputy Governor aged 25, but two years later he became financially insolvent, and was forced to give up his position in 1753.
He had to sell the farm left to him in his father's will and liquidate other properties to pay his debts.
The use of paper money got part of the blame for this, but the protracted war with Spain and France had a major impact on commerce.
[1] The young and inexperienced Whipple had not yet developed the business acumen to avert these financial difficulties.
[1] After resigning his position as Deputy Governor in 1753, Whipple led a short and anguished life.