1812 Manuscript Obligations Binding Charles P. Cornwall to James Cornwall, Merchant of New York
de [Queens, NY] Cornwall, Charles P.; Cornwall, James
- Usado
- Firmado
- Estado
- Very good condition
- Librería
-
Garrison, New York, United States
Formas de pago aceptadas
Sobre este artículo
Flushing, Queens, 1812. Very good condition. Obligation dated March 24, 1812, Flushing Township in Queens County, New York. Regarding $300 owed to James Cornwall of the City of New York, and signed by Charles P Cornwall, although the signature is torn away. Witnessed by Robert W. Rumsey and George Perry. Notes in pencil on verso showing payment of $285.08 in 1826. 7 1/2 x 12 1/2", folded.
Charles P. Cornwall was a large landowner in Queens in the early 1800s, with Bayside Farm being the most valuable of his properties. In 1838 Cornwall named Thomas Whitson and John Nostrand, his neighbors as trustees, empowered to sell as much of his real estate as was needed to cover his debts and to lease the rest of it to cover his living expenses. They sold Cornwall's Bayside Farm for $15,000 to Samuel Willetts of New York, in 1838. The trustees, using some of the assets from the sale, then made a loan to Elisha Hall of Newburgh NY for $6,000. Cornwall died in 1839, Hall failed to repay the interest or principal, and the trustees were sued. The case gives an interesting perspective on the value of property in Queens at the time: "His [Cornwall's] preference for farms, over city property, differs from the opinion of most well informed and shrewd capitalists; but it may, nevertheless, be well doubted, whether a farm, situated in a populous neighborhood and near several great thoroughfares, is not safer for a permanent investment than any city property". (Cases in Law and Equity, Supreme Court of the State of New York. Barbour, Oliver L. Vol. XX. New York: Banks and Brothers. 1883. p 142-7.).
Charles P. Cornwall was a large landowner in Queens in the early 1800s, with Bayside Farm being the most valuable of his properties. In 1838 Cornwall named Thomas Whitson and John Nostrand, his neighbors as trustees, empowered to sell as much of his real estate as was needed to cover his debts and to lease the rest of it to cover his living expenses. They sold Cornwall's Bayside Farm for $15,000 to Samuel Willetts of New York, in 1838. The trustees, using some of the assets from the sale, then made a loan to Elisha Hall of Newburgh NY for $6,000. Cornwall died in 1839, Hall failed to repay the interest or principal, and the trustees were sued. The case gives an interesting perspective on the value of property in Queens at the time: "His [Cornwall's] preference for farms, over city property, differs from the opinion of most well informed and shrewd capitalists; but it may, nevertheless, be well doubted, whether a farm, situated in a populous neighborhood and near several great thoroughfares, is not safer for a permanent investment than any city property". (Cases in Law and Equity, Supreme Court of the State of New York. Barbour, Oliver L. Vol. XX. New York: Banks and Brothers. 1883. p 142-7.).
Reseñas
(¡Iniciar sesión or Crear una cuenta primero!)
Detalles
- Librería
- Antipodean Books, Maps & Prints (US)
- Inventario del vendedor #
- 19588
- Título
- 1812 Manuscript Obligations Binding Charles P. Cornwall to James Cornwall, Merchant of New York
- Autor
- [Queens, NY] Cornwall, Charles P.; Cornwall, James
- Estado del libro
- Usado - Very good condition
- Cantidad disponible
- 1
- Lugar de publicación
- Flushing, Queens
- Fecha de publicación
- 1812
- Catálogos del vendedor
- NEW YORK CITY;
Términos de venta
Antipodean Books, Maps & Prints
30 day return guarantee, with full refund including shipping costs for up to 10 days after delivery if an item arrives mis-described or damaged.
Sobre el vendedor
Antipodean Books, Maps & Prints
Miembro de Biblio desde 2009
Garrison, New York
Sobre Antipodean Books, Maps & Prints
Booksellers for over 40 years, members of prominent trade associations (ABAA, ILAB, ANZAAB, IMCOS, ANZMS, PBFA). We are located at Garrison NY, a stone's throw from the Metro North Hudson line train, just over 1 hr. from NYC on the banks of the Hudson River. Books, maps, prints & ephemera bought & sold.