FREE BOOKS

Author's List




PREV.   NEXT  
|<   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35  
36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   >>   >|  
ing east and west; and three north and south, checkerboard fashion, which comprised the contemplated town. The bell was rung. Business got under way. John West was crier and announced that the lots put up would be sold within five minutes. The hot crowd pressed in to hear and see all that took place. The disturbed dust blanketed man and beast. Bidding was brisk; and twenty-four lots were sold in short order. Among the first day's purchasers, besides those mentioned above, were William Fitzhugh, the Honorable William Fairfax, and Colonel George Fairfax. The trustees met again the next day, July 14, and wasted no time. At once seventeen lots were sold. The trustees agreed to adjourn "till 20th of September next,"[17] at which time the "deeds are to be executed for the above lots and the remaining lots to be sold, and that the Clerk prepare blank deeds for the same."[18] As for the prices paid for the lots--it is surprising to find a foreign coin, the Spanish _pistole_, as the basic unit of currency. This was due to a situation where hard money was seriously lacking in colonial Virginia. As early as 1714 a general act had been passed to attract foreign specie, which was declared _current_ according to weight. Thus the legal valuation of the _pistole_ was slightly in excess of 21s. or approximately $4.34.[19] Its purchasing power in the eighteenth century was about five times as great as today. Lots purchased at auction on the first day brought from 16 to 56-1/2 _pistoles_. On the second day, they went for as little as six _pistoles_, the highest bidder for that day being Henry Salkeld, who purchased lots Nos. 38 and 39 for 23 _pistoles_ (present-day normal evaluation about $282.00). [Illustration] THE TOWN BUILT For many months the trustees were primarily concerned with the disposal of the lots and "advertisements were set up to that purpose,"[20] in the gazettes. Sales were numerous, houses began to go up speedily. By January 1750, eighty lots had been sold with two lots set apart for the town house and market square. In August 1751, Colonel Carlyle was "appointed to have a good road cleared down to Point Lumley and to see the streets kept in repair."[21] On July 18, 1752, the trustees "Ordered on Coll. George Fairfaxe's motion that all dwelling houses from this day not begun or to be built hereafter shall be built on the front and be in a line with the street as chief of the houses now are, and that no g
PREV.   NEXT  
|<   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27   28   29   30   31   32   33   34   35  
36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   >>   >|  



Top keywords:

trustees

 

pistoles

 
houses
 

Colonel

 

Fairfax

 

pistole

 

George

 

purchased

 

foreign

 

William


present
 
Illustration
 
evaluation
 

normal

 

auction

 

brought

 
century
 

purchasing

 

eighteenth

 

Salkeld


bidder
 

highest

 

repair

 

Ordered

 

streets

 

Lumley

 

cleared

 

Fairfaxe

 

motion

 

street


dwelling
 

appointed

 

gazettes

 

numerous

 

purpose

 

advertisements

 

months

 

primarily

 

concerned

 

disposal


speedily
 

square

 

August

 

Carlyle

 

market

 
January
 

eighty

 

Virginia

 

Bidding

 

twenty