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The Free Society of Traders was a company of merchants, landowners, and personal associates of William Penn who were granted special concessions in order to direct the economy of what was at the time a young colony. Most were Quaker merchants from London and Dublin. [1]
It was originally a joint-stock company launched in London in 1681 by Nicholas More, James Claypoole, and Philip Ford, after Penn received his Royal charter from Charles II that March. Some of the concessions made to these men in order to attract financial support, Penn offered early (100) investors a bonus of 5,000 acres each, plus exclusive rights to property in the capital city. Said property was to be meted out as property dividends in proportion to their country land at an annual 2% interest in their initial purchase. Penn also fashioned a rudimentary form of own government from the Traders' members. Such offers were extended to entice early colonizers. [2]
Society Hill, a neighborhood of Philadelphia, is named after the Free Society of Traders, which had its offices at Front Street on the hill above Dock Creek. [1]
Benjamin Chew was an American lawyer and judge who served as the chief justice of the Supreme Court of the Province of Pennsylvania and later the Commonwealth of Pennsylvania. Born into a Quaker family, Chew was known for precision and brevity in his legal arguments and his excellent memory, judgment, and knowledge of statutory law. His primary allegiance was to the supremacy of law and the constitution.
Andrew Hamilton was a Scottish lawyer in the Thirteen Colonies who settled in Philadelphia. He was best known for his legal victory on behalf of the printer and newspaper publisher John Peter Zenger. His involvement with the 1735 decision in New York helped to establish that truth is a defense to an accusation of libel. His eloquent defense concluded with saying that the press has "a liberty both of exposing and opposing tyrannical power by speaking and writing truth."
The history of the Jews in Pennsylvania dates back to Colonial America.
The Library Company of Philadelphia (LCP) is a non-profit organization based on Locust Street in Center City Philadelphia. Founded as a library in 1731 by Benjamin Franklin, the Library Company of Philadelphia has accumulated one of the most significant collections of historically valuable manuscripts and printed material in the United States.
The Steelyard, from the Middle Low German Stâlhof, was the kontor of the Hanseatic League in London, and their main trading base in England, between the 13th and 16th centuries. The main goods that the League exported from London were wool and from the 14th century woollen cloths. An important import good was beeswax. The kontor tended to be dominated by Rhenish and Westphalian traders, especially from Cologne.
Society Hill is a historic neighborhood in Center City, Philadelphia, Pennsylvania, United States, with a population of 6,215 as of the 2010 United States Census. Settled in the early 1680s, Society Hill is one of the oldest residential neighborhoods in Philadelphia. After urban decay developed between the late 19th and early 20th centuries, an urban renewal program began in the 1950s, restoring the area and its many historic buildings. Society Hill has since become one of the most expensive neighborhoods with the highest average income and second-highest real estate values in Philadelphia. Society Hill's historic colonial architecture, along with planning and restoration efforts, led the American Planning Association to designate it, in 2008, as one of the great American neighborhoods and a good example of sustainable urban living.
Queen Village is a residential neighborhood of Philadelphia, Pennsylvania, United States that lies along the eastern edge of the city in South Philadelphia. It shares boundaries with Society Hill to the north, Bella Vista to the west and Pennsport to the south. Street boundaries are the south side of Lombard Street to the north side of Washington Avenue, the Delaware River to 6th Street, encompassing two principal commercial corridors, South Street and Fabric Row on 4th Street.
Penn Central Transportation Co. v. New York City, 438 U.S. 104 (1978), was a landmark United States Supreme Court decision on compensation for regulatory takings. Penn Central sued New York City after the New York City Landmark Preservation Commission denied its bid to build a large office building on top of Grand Central Terminal. The Supreme Court ruled in the city's favor.
The Company of Merchant Adventurers of London was a trading company founded in the City of London in the early 15th century. It brought together leading merchants in a regulated company in the nature of a guild. Its members’ main business was exporting cloth, especially white (undyed) broadcloth, in exchange for a large range of foreign goods. It traded in northern European ports, competing with the Hanseatic League. It came to focus on Hamburg.
Bristol, a port city in the South West of England, on the banks of the River Avon, has been an important location for maritime trade for centuries.
Isaac Norris was a merchant, slave trader and prominent figure in provincial Pennsylvania, including mayor of Philadelphia in 1724.
The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment.
John Grubb (1652–1708) was a two-term member of the Pennsylvania Provincial Assembly and was one of the original settlers in a portion of Brandywine Hundred that became Claymont, Delaware. He founded a large tannery that continued in operation for over 100 years at what became known as Grubb's Landing. He was also one of the 150 signers of the Concessions and Agreements for Province of West Jersey.
William Penn was an English writer, religious thinker, and influential Quaker who founded the Province of Pennsylvania during the British colonial era. Penn, an advocate of democracy and religious freedom, was known for his amicable relations and successful treaties with the Lenape Native Americans who had resided in present-day Pennsylvania prior to European settlements in the state.
Peter Bisaillon, was a New France fur trader and interpreter who spent most of his career in Pennsylvania engaged in trade with Native American communities. Bisaillon and other coureurs des bois dominated the Pennsylvania fur trade during the late 17th and early 18th century, as they were skilled hunters and trappers and had established good relations with local Native American tribes. Bisaillon and his colleagues were regarded with suspicion by Pennsylvania authorities, however, and he was frequently accused and jailed on false or minor charges. He was eventually forced out of the fur trade, but retired a wealthy man.
Nicholas More was first chief justice of the colonial-era Province of Pennsylvania.
Jacques Le Tort was a French-Canadian fur trapper, trader, explorer and entrepreneur who spent much of his life in the Province of Pennsylvania engaged in the fur trade. He collaborated with other French-Canadians living there at the time, including Peter Bisaillon and Martin Chartier, as well as the future mayor of Philadelphia, James Logan. By the late 1690s he had become wealthy and somewhat notorious; the Provincial authorities had his wife arrested on suspicion of conspiring with the French to take control of Pennsylvania territory, although no charges were ever proven. He disappeared following a trip to England in 1702 and is presumed to have died at sea. His wife Anne Le Tort and his son James Le Tort took over his business after his death.
The Black Boys Rebellion, Smith's Rebellion or Allegheny Uprising, was an armed uprising between citizens of the Province of Pennsylvania and the British Army between March 5 and November 18, 1765. The nine-month uprising began when a wagon train loaded with illegal "warlike goods" was discovered at Pawling's Tavern. Alarmed by the train's contents, citizens led by James Smith intercepted and destroyed the goods at a mountain pass near Sideling Hill. The numerous clashes afterwards involved more destruction, firefights, arrests, a kidnapping, legal maneuvers, a court trial, a two-day siege, and one casualty.
Griffith Jones was the fourth mayor of Philadelphia, serving from October 3, 1704, to October 2, 1705.
Thomas Hutson was a Quaker sea captain who brought settlers to the William Penn Colonies in Colonial America. His "great" ship Elizabeth, Ann, and Catherine arrived in Philadelphia in 1682, nearly a month before the ship Welcome, which carried William Penn. Penn granted Thomas at least 5000 acres of land in present-day Bucks County, Pennsylvania in 1683, immediately adjacent to land of the Society of Traders company. At the time of his Penn land grant in 1683, Thomas indicated that he was from Sutton, Surrey, UK. During his lifetime, he travelled frequently to Barbados. He died in London, England in 1697, leaving several descendants connected to Barbados church and census records.