The True George Washington [10th Ed.] by Paul Leicester Ford
page 115 of 306 (37%)
page 115 of 306 (37%)
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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 |
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