US Presidency
1927

That of the Dismal Swamp, comprising drainage and lumber operations south of Norfolk, was handled efficiently by Washington for five years subsequent to 1763. In addition to his land holdings, wisely chosen, the rise in value of which accounted in no small degree for his fortune, Washington participated in a number of real estate and transportation companies. As a private citizen he was constantly on the outlook for sound investments and for ways to increase his capital. In the purchase of frontier lands and in the promotion of plans for the building up and development of new parts of the country he was performing important public service. Dr. Albert Bushnell Hart, distinguished historian, and a member of our commission, says: Washington has been criticized for buying up land warrants and holding on to his title in the face of squatters. Actually no American has ever done so much to open up vast tracts of land, first under the British and then under the American flag, fitted to become the home of millions of American farmers.