elf. The latter sales have been at six
dollars an acre, and what remains unsold will fetch that or more.
(_p_) The quality of these lands, and their situations, may be known by
the surveyor's certificates, which are filed along with the patents.
They lie in the vicinity of Cincinnati; one tract near the mouth of the
Little Miami; another seven, and the third ten miles up the same. I have
been informed, that they will command more than they are estimated at.
(_q_) For the description of these tracts in detail, see General
Spotswood's letters, filed with the other papers relating to them.
Besides the general good quality of the land, there is a valuable bank
of iron ore thereon, which, when the settlement becomes more populous
(and settlers are moving that way very fast), will be found very
valuable, as the Rough Creek, a branch of Green River, affords ample
water for furnaces and forges.
LOTS.
CITY OF WASHINGTON.
(_r_) The two lots near the Capitol, in square 634, cost me 963 dollars
only. But in this price I was favored, on condition that I should build
two brick houses, three stories high each. Without this reduction, the
selling prices of those lots would have cost me about 1350 dollars.
These lots, with the buildings thereon, when completed, will stand me in
15,000 dollars at least.
(_s_) Lots Nos. 5, 12, 13, and 14, on the Eastern Branch, are
advantageously situated on the water; and, although many lots, much less
convenient, have sold a great deal higher, I will rate these at 12 cents
the square foot only.
ALEXANDRIA.
(_t_) For this lot, although unimproved, I have refused 3500 dollars. It
has since been laid out into proper sized lots for building on; three or
four of which are let on ground rent for ever, at three dollars a foot
on the street, and this price is asked for both fronts on Pitt and
Prince streets.
WINCHESTER.
(_u_) As neither the lot in the town or common have any improvements on
them, it is not easy to fix a price; but, as both are well situated, it
is presumed that the price annexed to them in the schedule is a
reasonable valuation.
BATH.
(_v_) The lots in Bath (two adjoining) cost me, to the best of my
recollection, between fifty and sixty pounds, twenty years ago; and the
buildings thereon, one hundred and fifty pounds more. Whether property
there has increased or decreased in its value, and in what condition the
houses are, I am ignorant; but suppose they are
|