New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-02-22

uorIIxp LAND PURCHASE Feb j. i''''

IN
,s rs~ q r'e 1'''."' 80, b,ief history Of the
No' ~ .,.c, Of land formerly owned by the
sss ~ "A Company, west Of the Genesee nver
sss .r .bou. three and bali millions o. acres
S''' en- Companies who purchased the same
ga. =. ,iove named Company
5s" AL, made by this Company was to
I'f =" Dudley of Albany, and associates
nS" a q 900 acres Of land, at one dollar per
100. consisted in part Of lands under contract
- = vtiea articles had been taken oa' and which
IA "a and In part for lands remaining unsold.
80 al. vas made to John Lowber OF Batavia,
~ -, "a 900 acres Of land, which was princi-
>.srsS e.s,rse, but the contracts expired, at the
gtfES. SoIlsr and fifty cents an acre.
xsS oos 80. was made 10 n Dunnsux Of Utica. and
- sls 's, If New.York. They purchased 100000
rrsssa,.,3. 10 the counties of Alegapy and Cat
go ~ -. .sSieh they paid one dollar per acre.
zrss7a p ~ ,a,,rset was made by Jacob lie Roy and
- ics,psa They contracted to purchase the
g<n1 nod lands In the counties OF Denesec LIie
~ 40 me debts TO be taken at - per cent dis
81 O.sen.. .sgrecste amount ard the unsold lands
:ss''ro'mm ,sr are. This purchase amounted 10
49, ~ -, purchssers expected to be able 10 Dor
s21,sys ,,o,sy IN NewYerk by giving az security a
20 ~ - lands and thus complete the purchase,
rs 70 be for cash ioey We, so~sv ;s. uns.,e
nnske =. - he Farmers Loan and Trust Company
Tu,srenI ,s,ough the agency OF Henry Seymour,
d ssFiua. ~ which the Company should issue their
~ f..sle believe in twenty years. bearing inter.
tscs ~ -, The lands we're conveyed In trust 10
~ 80 a secure the payment Of said bonds
"a Ceapy charged upon the amount advanced
Tss Voapsy, interest. The purchase was divid-
sessr pei ~. .hsres Leroy retained two. Red
Cd mo '. "a hs bslsnce was divided among Sey
ssA ~; -. f,sus. In New-York. Hemsn }. Redheld
r, ~ Agent 10 superintend the local business
wa " ~,, - this Purchase at salary Of FIVE
Of ias CesYn., ,.r .paam and was at the time
ihoass1. s' s,o,asy lor the Company. On entering
ccafuis'ee go u 4. ogce he issued proclamation
rpon 'oe sr,g Of Pices and informed the settlers
80, S,bey did not pay her contracts when due they
would be charged up9n n 1sa ey cen, sdysno rang
ps - - cy,izfuA contracts. This announcemcntcrc-
~ .r an abatement upon the Purchase that large
20 M .ess entered the village OF Batavia in May.
~ with The sFoxed intention Of destroying the Land
"a. Ard we're only prevented from this act OF vio-
- /, de ealing out of the militia in the vicinity 10
~ ihe oHce. The excitement continued to exist
~,,tss was called al Attca, Genesee County for the
ss Of coscerting OF farther opposition to
- zion fihe new Company aud its Agent. Some
-Svi5uss not connected with the Company, DESTROYS
1.,rirg peace TO the County. attended the meeting
"a ,s,sed upon the leaders to renqush their course
-, The Agent withdrew the original proclaina
-, s,S i.s1ed new one informing the settlers that
-, vould only be required TO fuh their original con
-. :. ,hev were made with the Holland Land Co
a. San ,sIe embracing the County OF Chautauque,
,,eS hy gentleman in Philadelphia for him.
" - us.ga Law and Carey Of Batavia They pur.
'S..s1 N ire debts and unsold lands, amounting
~ 80, one million Of dollars, obtaining a dis
Gown, q hfeen per cent. on one pornon oil the
49,. Ace md ,sn per cent on the balance. The
ia and. were purchased at two dollars per acre
T.e gentlemen being unable 10 fulfill their contract
mae 90 srmeemeuf with the American Life Insurance
md Trust Company Of Baltimore which issued their
ID upon the same terms az the Farmers Loan and
ms Compsryhsd done. The proprietors OF this Pur
eh,s put forth proclamation similar TO the one refer
"a 10 sboys which induced the settlers living their
I.sl, % rise and domolish the Land Office at Msyvie.
d 5eroy the records This took place in the Winter
!, o5S They then withdrew their proclamation, and
.,poupcei their intention TO receive the amounts
,hrs,d 10 the original contracts, made by the Hol
I'D Land Company.
m ,xh and last sale was made 10 Mr. Miller of Iii.
a IA b. associates, embracing lands in the Counties
4 Anx,sny and Cattsraugus, amounting to about
,n00 on which the purchasers received discount Of
4 ,.r eept The lands were conveyed TO the Farmers
IN nd Trust Company. which issued three bonds on
\. lane terms as those issued to lie Roy Redfeld &
cg,,bsny All the bonds precedingly mentioned were
IA ii. United States Bank, and the money paid TO
1 j y,rderkemp General Agent Of the Holland Land
bal ytoyne,ors in Amsterdam
have obtained nearly all the facts necessary to enable
ne 10 lsy before the public the manner In which an
agency (on part Of this Purchase) OF Trust Company
HI the CITY do business with those persons
against whom this Company holds mortgages and if /
am no, greatly deceived In the sentiments OF justice and
IN the Of the President and Directors of said
Company TIE kgsl extortions which have been prac-
iced BY their ssency will long lead them to see the
Oecsssiy ofbavng honest men, and not of the legal pro
so1 to whom their interests and those of the farmers
a. be eonfded
| xsi you this brief history Of the sale OF i'm
ycrs, portion OF the great State of New York
nsgy % show how the most important interests
II pasy-those OF Agrcul;ure-are ruled by knots
4 SPECTATORS living often far distant from the
81 The toll and the honest industry OF the farming
'OpusrOn In few days will forward to you state
nss' regard to lawsuits &c. of the agency in ques
cs on this Purchase | should have done so before
ais but some items which | was promised from an
ouny On the Purchase have not yet arrived As soon
. tsey DO SOand expect them dsily-you viii hear
gain from OLD GENESEE