FREE BOOKS

Author's List




PREV.   NEXT  
|<   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106  
107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   >>   >|  
that quantity. A further tract was also obtained under the kindred proclamation of 1763, "5000 Acres of Land in my own right, & by purchase from Captn. Roots, Posey, & some other officers, I obtained rights to several thousand more." In 1786, after sales, he had over thirty thousand acres, which he then offered to sell at thirty thousand guineas, and in 1799, when still more had been sold, his inventory valued the holdings at nearly three hundred thousand dollars. In addition, Washington was a partner in several great land speculations,--the Ohio Company, the Walpole Grant, the Mississippi Company, the Military Company of Adventures, and the Dismal Swamp Company; but all these ventures except the last collapsed at the beginning of the Revolution and proved valueless. His interest in the Dismal Swamp Company he held at the time of his death, and it was valued in the inventory at twenty thousand dollars. The properties that came to him from his brother Lawrence and with his wife have already been described. It may be worth noting that with the widow of Lawrence there was a dispute over the will, but apparently it was never carried into the courts, and that owing to the great depreciation of paper money during the Revolution the Custis personal property was materially lessened, for "I am now receiving a shilling in the pound in discharge of Bonds which ought to have been paid me, & would have been realized before I left Virginia, but for my indulgences to the debtors," Washington wrote, and in 1778 he said, "by the comparitive worth of money, six or seven thousand pounds which I have in Bonds upon Interest is now reduced to as many hundreds because I can get no more for a thousand at this day than a hundred would have fetched when I left Virginia, Bonds, debts, Rents, &c. undergoing no change while the currency is depreciating in value and for ought I know may in a little time be totally sunk." Indeed, in 1781 he complained "that I have totally neglected all my private concerns, which are declining every day, and may, possibly, end in capital losses, if not absolute ruin, before I am at liberty to look after them." In 1784 he became partner with George Clinton in some land purchases in the State of New York with the expectation of buying the "mineral springs at Saratoga; and ... the Oriskany tract, on which Fort Schuyler stands." In this they were disappointed, but six thousand acres in the Mohawk valley were obtaine
PREV.   NEXT  
|<   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106  
107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126   127   128   129   130   131   >>   >|  



Top keywords:
thousand
 
Company
 
Dismal
 
hundred
 

dollars

 

Washington

 

valued

 

partner

 

inventory

 

Lawrence


Virginia

 

Revolution

 

totally

 

thirty

 

obtained

 

hundreds

 

buying

 
reduced
 
Interest
 

mineral


Saratoga

 

Oriskany

 
springs
 

indulgences

 

debtors

 

disappointed

 
Mohawk
 

realized

 

obtaine

 
valley

expectation

 
pounds
 

Schuyler

 

stands

 
comparitive
 

undergoing

 

George

 

possibly

 

declining

 

Clinton


private

 
concerns
 
capital
 

liberty

 

absolute

 

losses

 

purchases

 

neglected

 

currency

 
change