Macomb's Purchase

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Macomb's Purchase is a large historical area of northern New York in the United States purchased from the state in 1791 by Alexander Macomb, a merchant who had become rich during the American Revolutionary War. He acted as a land speculator, selling off portions of this land.

New York (state) State of the United States of America

New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States. With an estimated 19.54 million residents in 2018, it is the fourth most populous state. To distinguish the state from the city with the same name, it is sometimes called New York State.

American Revolutionary War War between Great Britain and the Thirteen Colonies, which won independence as the United States of America

The American Revolutionary War (1775–1783), also known as the American War of Independence, was an 18th-century war between Great Britain and its Thirteen Colonies which declared independence as the United States of America.

Contents

History and geography

In 1792 in the aftermath of the Revolutionary War, the state of New York was struggling financially. It oepned for sale nearly five million acres of land which the Iroquois tribes had been forced to cede as allies of the defeated British. Alexander Macomb, William Constable, and Daniel McCormick agreed to purchase nearly 4,000,000 acres (1,600,000 ha) from the state at the extremely low price of 8 pence (New York state money) per acre. [1] [2] This was an enormous amount of land, about one-eighth of the entire state of New York. Convinced something illegal must have occurred, the New York State Legislature held exhaustive hearings into the land purchase. But no wrongdoing was uncovered. [2]

Daniel McCormick was an Irish-born businessman who lived most of his life in New York City, where he was a founding director of the Bank of New York. He was a partner in Macomb's Purchase, in which about one-tenth of the land in the state of New York was acquired.

Macomb, however, was unable to sell his land to settlers and developers fast enough to fund his massive purchase. He went bankrupt and was sentenced to debtor's prison six months after the purchase was made. [2] Macomb sold 2,000,000 acres (810,000 ha) to Constable for 50,000 pounds (New York money), who six months later sold 1,000,000 acres (400,000 ha) to banker Samuel Ward for 100,000 pounds (New York money. [2] Ward, in turn, sold 210,000 acres (85,000 ha) to James Greenleaf, the son of a wealthy Bostonian merchant. [3]

Samuel Ward III was a United States banker.

James Greenleaf Land speculator

James Greenleaf was an important early American land speculator, particularly in the newly designated capital of Washington, DC after 1790. A member of a prominent and wealthy Boston family, he married a Dutch noblewoman and served briefly as consul at the United States embassy in Amsterdam.

Constable subdivided his land into numerous plots. He found buyers worldwide for the property as well. The High Sheriff of London, England, purchased 26,000 acres (11,000 ha) for a shilling an acre. [2]

Shilling unit of currency formerly used in the United Kingdom, Australia, United States, and other British Commonwealth countries

The shilling is a unit of currency formerly used in Austria, the United Kingdom, Australia, New Zealand, United States and other British Commonwealth countries. Currently the shilling is used as a currency in four east African countries: Kenya, Tanzania, Uganda and Somalia. It is also the proposed currency that the east African community plans to introduce . The word shilling comes from old English "Scilling", a monetary term meaning twentieth of a pound, and from the Proto-Germanic root skiljaną meaning 'to separate, split, divide.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent.

Greenleaf had purchased a cargo of tea from Rhode Island merchant John Brown (whose family funded and lent its name to Brown University). Greenleaf paid for the cargo partly in cash, and partly with the land he owned in New York. This 210,000-acre (85,000 ha) became known as Brown's Tract. [3]

Tea drink made from infusing boiling water with the leaves of the tea plant

Tea is an aromatic beverage commonly prepared by pouring hot or boiling water over cured leaves of the Camellia sinensis, an evergreen shrub (bush) native to East Asia. After water, it is the most widely consumed drink in the world. There are many different types of tea; some, like Darjeeling and Chinese greens, have a cooling, slightly bitter, and astringent flavour, while others have vastly different profiles that include sweet, nutty, floral or grassy notes.

Rhode Island State of the United States of America

Rhode Island, officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Island.

John Brown (Rhode Island) American merchant, slave trader, and statesman from Providence, Rhode Island

John Brown I was an American merchant, slave trader, and statesman from Providence, Rhode Island. Together with his brothers Nicholas, Joseph and Moses, John was instrumental in founding Brown University and moving it to their family's former land in Providence. John Brown laid the cornerstone of the university's oldest building in 1770, and he served as its treasurer for 21 years. Brown was one of the founders of Providence Bank and became its first president in 1791. He was active in the American Revolution, notably as an instigator of the 1772 Gaspee Affair, and he served in both state and national government. At the same time, he was a powerful defender of slave trading, clashing aggressively—in newspapers, courts and politics—with his brother Moses, who had become an abolitionist. John Brown's home in Providence is now a museum and National Historic Landmark.

Description of the area

It was 3,670,715 acres (1,485,486 ha) in size. The tract included much of northern New York along the St. Lawrence River and eastern Lake Ontario (including the Thousand Islands). The purchase was eventually divided into 10 large townships. From this purchase are derived the deeds for all the lands that are now included in Lewis, Jefferson, and St. Lawrence counties, as well as portions of Franklin, Herkimer, and Oswego counties.

Lake Ontario one of the Great Lakes in North America

Lake Ontario is one of the five Great Lakes of North America. It is surrounded on the north, west, and southwest by the Canadian province of Ontario, and on the south and east by the American state of New York, whose water boundaries meet in the middle of the lake. Ontario, Canada's most populous province, was named for the lake. Many of Ontario's most populous cities, including Toronto, Canada's most populous city, and Hamilton, are on the lake's northern or western shores. In the Huron language, the name Ontarí'io means "Lake of Shining Waters". Its primary inlet is the Niagara River from Lake Erie. The last in the Great Lakes chain, Lake Ontario serves as the outlet to the Atlantic Ocean via the Saint Lawrence River. It is the only Great Lake not to border the state of Michigan.

Thousand Islands archipelago of 1,864 islands along the Canada-U.S. border in the Saint Lawrence River

The Thousand Islands constitute an archipelago of 1,864 islands that straddles the Canada–US border in the Saint Lawrence River as it emerges from the northeast corner of Lake Ontario. They stretch for about 50 miles (80 km) downstream from Kingston, Ontario. The Canadian islands are in the province of Ontario and the U.S. islands in the state of New York.

Lewis County, New York County in the United States

Lewis County is a county located in the U.S. state of New York. As of the 2010 census, the population was 27,087, making it the fourth-least populous county in New York. Its county seat is Lowville. The county is named after Morgan Lewis, the Governor of New York when the county was established.

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The Pulteney Association was a small group of British investors who in 1792 purchased a large portion of the Western New York land tract known as the Phelps and Gorham Purchase. The Pulteney Associates were Sir William Pulteney, 5th Baronet (1729–1805), a Scottish lawyer who owned nine-twelfths; William Hornby, former Governor of Bombay, who owned two-twelfths; and Patrick Colquhoun, a Scottish merchant with a one-twelfth share. Some of their heirs owned land in western New York into the 1920s, with the last parcel of The Pulteney Association property, 10 acres, being sold in December 1926.

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Alexander Macomb (merchant) American merchant

Alexander Macomb (1748–1831) was an American fur trader, merchant and land speculator known for purchasing nearly four million acres from the state of New York after the American Revolutionary War. A Loyalist sympathizer, he operated from New York City after the war. His mansion in the city was used by President George Washington for several months in 1790 as the temporary president's mansion.

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References

  1. Barlow, p. 2.
  2. 1 2 3 4 5 Schneider, p. 90.
  3. 1 2 Barlow, p. 3.

Bibliography