Ideas of the Founders of the American Nation on Landed Property

Ideas of the Founders of the American Nation on Landed Property

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...for which Ham (80) ilton had to give explanation later. That the income from these Virginia estates could have been. much greater if their owners had given them their entire time and attention is true without doubt, and is stated over and over again. "I have no doubt myself," said Washington, "but that middling land under a man's own eye, is more profitable (81) than rich land at a distance," and again, "For depend upon it, that whilst you live in Fairfax you will get very little benefit from an estate in New Kent or King William, unless you have much better luck than most who have Plantations at a dis(82) tance." Of a friend he wrote, "That Colo. Mercer has been a considerable loser in the management of his Estate here, nobody will deny; but has not every gentleman in this country, whose (76) Washington, II, 472 (1775). (77) Ibid.. VII, 150(1778). (78) Ibid., IX, 183 (1781). (29 Ibid.. XIII, 47,8 (1795): XIII, 402 (1797); XIV, 210(1799). (80) Hamilton, VII, 106 (1795). (81) Washington, IV, 295 (1776). (82) Ibid.. VII, 147 (1778). other associations, or whose inclinations would not permit them, to devote a large portion of their time and attention (83) to the management of their own Estates shared the same fate?" Jefferson also, considered the attention of the owner to he (84) necessary in order tomkeep the estate profitable, and said, "Every one knows how inevitably a Virginia estate goes to ruin, when the owner is so far distant as to be unable to pay (85) attention to it himself...." There was here a recognition of a distinction between the income from the land and the income from the land plus the managerial ability of the owner, but in a day when even economists had not separated out more

Product details

  • Paperback | 54 pages
  • 189 x 246 x 3mm | 113g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236515854
  • 9781236515858