The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-11-11
AN OLD PAPER.

*
Banner-Democrat As a COMPARE
son between the values now and 1866,
send you copy of contract entered
into between Messrs. Pittman Bros.
of ST. Louis, and F. w. Boyd of Car
roll parish, for the working of the
"RaIeigh" plantation.
IL may be of interest TO some OF the
old settlers.
As it shows, in addition TO the
mules, then on the place, it was ex-
pected 10 take $4,000 or over, TO
furnish the necessary supplies for that
year. How much wonld it take, Or
how much would any enc be willing
to risk on the same place now? The
contract was drawn up by Col. C. M.
Pitcher. II is in his hand writing.
These figures are astounding when
compared to those of the present day.
It goes to show that the rent of the
plantation aud live stock alone was
$4,000 and the necessary supplies
was $50, 900 more-S60,0O0 So that
If anyone who could not command
that amount "were not i'll it," The
same plantation now would not rent
for half that many cents.
This contract is on record at Floyd
This indenture made and entered
into this twenty-tbird day of January,
A. ID. 1866, by and between Frederick
w. Boyd of Carroll parish, State of
Louisiana, of the first part and George
w. Piitman of the city of ST. Louis,
State Of Missouri, of the second part
-witnesseth:
That The party of the first part, as
executor of the succession of the late
James Railey, Of said parish of Car
roll, agrees to lease and by these pres
ents doth lease, unto the party of the
second part, for tie year 1866. all that
plantation called Raleigh in said Car
roll parish for the purpose of raising
a cotton crop upon the same, upon the
terms aud conditions as follows, to-
wit:
The said party of the first part con-
tributes the plantation and stock and
utensils now upon it--as capital
equal to thirty thousand dollars--for
his Part.
The said party of the second part
agrees to furnish as may be needed,
thirty thousand dollars, in supplies, to
be used in the cultivation of the said
plantation, in cotton, during the cur
rent year.
If more money is needed for the
cultivation of said plantation, it shall
be furnished in equal portions by the
parties to this indenture.
After the crop is made. and all the
expenses incurred in its cultivation
are defrayed--out of the proceeds of
said plantation, the party ofthe second
part shall withdraw his advance of
thirty thousand dollars-and the bal
ance Of the proceeds or increase of
said plantation and Investment, shall
be divided equally between the con-
tracing parties.
The party of the first part receiving
such money. in lieu of rent for said
plantation. And as the party of the
first part has already expended in
of said plantation fifteen
hundred dollars. the party of the
second part agrees TO refund that
amount 10 party of first part, at or be-
fore the signing of these presents.
This lease shall be renewed for
another year, unless objected 10 by
the court.
In token of good faith and binding
both parties to the conditions above
the parties above mentioned
have hereto set their seal, subscribed
their names aud affixed the stamp re-
quired by the laws of the United
States, at the place, on the day and
year above specified.
+. w. BOYD, Dat. Test. Ex
GEO. L. PITTMAN.
Attest