An acquaintance assured me, that in 1756 he could have purchased the
house he then occupied for 400_l_. but refused. In 1770, the same house
was sold for 600_l_. and in 1772, I purchased it for eight hundred and
thirty-five guineas, without any alteration, but what time had made for
the worse: and for this enormous price I had only an old house, which I
was obliged to take down. Such is the rapid improvement in value, of
landed property, in a commercial country.
Suffer me to add, though foreign to my subject, that these premises were
the property of an ancient family of the name of Smith, now in decay;
where many centuries ago one of the first inns in Birmingham, and well
known by the name of the Garland House, perhaps from the sign; but
within memory, Potter's Coffee-house.
Under one part was a room about forty-five feet long, and fifteen wide,
used for the town prison.
In sinking a cellar we found a large quantity of tobacco-pipes of a
angular construction, with some very antique earthen ware, but no coin;
also loads of broken bottles, which refutes the complaint of our pulpits
against modern degeneracy, and indicates, the vociferous arts of getting
drunk and breaking glass, were well understood by our ancestors.
In penetrating a bed of sand, upon which had stood a work-shop, about
two feet below the surface we came to a tumolus six feet long, three
wide, and five deep, built very neat, with tiles laid flat, but no
cement. The contents were mouldered wood, and pieces of human bone.
I know of no house in Birmingham, the inns excepted, whose annual rent
exceeds eighty pounds. By the lamp books, the united rents appear to be
about seventy thousand, which if we take at twenty years purchase, will
compose a freehold of 1,400,000_l_. value.
If we allow the contents of the manor to be three thousand acres, and
deduct six hundred for the town, five hundred more for roads, water, and
waste land; and rate the remaining nineteen hundred, at the average rent
of 2_l_. 10s. per acre; we shall raise an additional freehold of
4,750_l_. per ann.
If we value this landed property at thirty years purchase, it will
produce 142,500_l_. and, united with the value of the buildings, the
fee-simple of this happy region of genius, will amount to 1,542,500_l_.
OF THE STREETS,
AND
THEIR NAMES.
We accuse our short-sighted ancestors, and with reason, for leaving us
almost without a church-yard and a market-place; for forming some of our
streets nearly without width, and without light. One would think they
intended a street without a passage, when they erected Moor-street; and
that their successors should light their candles at noon.
Public-domain text, read in full here on John Shaqi.
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