1836-01-11 +GELOSTER M T-----KALAMAZOO CO----RED #MANUSCRIPT CANCEL & MS 25 RATE-----TO WILLIAM S HOLABIRD AT WINSTED, LITCHFIELD CO, CT----FROM HIS SON JOSEPH MILLER JR---REGARDING LAND SPECULATION, WANT OF MONEY TO INVEST, POLITICS ETC. INCLUDING "...AT THE PRESENT TIME OUR COUNTRY IS COMPLETELY OVERRUN WITH SPECULATORS FROM ALL PARTS OF THE U.S.- FROM N.Y., PHILADELPHIA, NORFOLK VA, & LEXINGTON KY AS WELL AS FROM OUR N.E. CITIES. LAND SECTIONS AVERAGE ABOUT FIVE THOUSAND FOUR HUNDRED ACRES PER DAY- LAST MONTH THE RECEIPTS AT THE RECEIVER'S OFFICE EXCEEDED TWO HUNDRED THOUSAND DOLLARS. GOVERNMENT PRICE FOR LAND $1.25 PER ACRE. SO MUCH FOR FIRST PURCHASERS- BUT THEY ARE NOT THE ONES THAT MAKE THE MOST MONEY. THOSE WHO PURCHASE SECOND HANDED-ARE THE FORTUNE MAKERS- FOR INSTANCE A-BUYS A LOT (80 ACRES WE CALL A LOT) OF GOVERNMENT-GIVES HIS $100.00- SELLS IN A MONTH PERHAPS LESS FOR $ 200- OR SOMETIMES $500- & IF VERY VALUABLE AS A LOCATION, MILL SITE, OR THE LIKE, EVEN A THOUSAND IS SOMETIMES PAID BUT RARE.- THEY GENERALLY EXPECT TO DOUBLE WHEN THE FIRST PURCHASER SELLS.- THE SECOND PURCHASER WILL PUT ON HIS PRICE AT ONCE $10 PER ACRE-BY THE SALE ONCE, THE SECOND PURCHASER HAS THE ADVANTAGE OF THE PANIC-WHICH HAS BEEN PRODUCED.----AND IT IS VERY SELDOM THAT HE KEEPS HIS LAND LONG,--A YOUNG MAN COMING IN HERE WITH TEN DOLLARS IN HIS POCKET OUGHT IF HE UNDERSTANDS HOW, TO BE WORTH IN 5 YRS SEVERAL THOUSAND. IF A MAN CAN'T LIVE HERE AND MAKE MONEY HE OUGHT TO DIE AT ONCE...THE GREAT RAIL ROAD FROM DETROIT TO THE MOUTH ST. JOSEPH RIVER IS NOW PROGRESS & IT WILL BE COMPLETED WITHOUT DELAY...THE GREAT TURNPIKE FROM BRONSON TO THE RAPIDS OF GRAND RIVER...." AND MUCH MORE---GENEALOGY---COURTESY OF ELLIS I /WHITFORD AUCTION 2018 LOT 20

Year: 1836
Date: 1836-01-11
County: Kalamazoo
City:
Category: MI Covers , MI Genealogy , Manuscripts , Michigan Territorial , Railroads , Letters Containing Correspondence , Privately Owned
Associated Pages: 0