Purchasing the Lake Erie Tract
Document 1791Nicholson discusses the terms and implications of the transaction involving the purchase of the Lake Erie Tract the Indian titles of which were extinquished at great expense by the State of Pennsylvania.
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Type
Modern Printed Transcription of Letter/Document
Description
Nicholson discusses the terms and implications of the transaction involving the purchase of the Lake Erie Tract the Indian titles of which were extinquished at great expense by the State of Pennsylvania.
Date
08/15/1791
Author
Recipient
Sent from
Comptroller General's Office
Collection
Document number
1791081590000
Notable persons
Oliver Wolcott
John Nicholson
contracting parties
Notable locations
Comptroller General's Office
Land Office
Pennsylvania
Notable items
Lake Erie Tract
terms of the Contract
three-fourths of a dollar per acre
Public Securities of the United States
rate of interest
actual survey
resolution of Congress of 7th June 1788
Finances of the Union
modification of the debt
equity of the case
specie
Indian titles to this tract
full value of the land
arrears of interest