Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...Godcharles, Frederic Antes
History
Daily stories of Pennsylvania : $b prepared for publication in the leading daily newspapers of the state...
Godcharles, Frederic Antes
Pennsylvania -- Biography; Pennsylvania -- History
After all the dealing with the Governors and councils of Pennsylvania,
and his personal controversies with the enemy tribes, this last of the
chiefs of the eastern Delaware traveled from Philadelphia to his home at
Wyoming, and on the night of April 16, 1763, his house was set on fire
while he lay on his couch in a drunken debauch and he was burned to
death in the flames. The perpetrators of this crime were either Seneca
or Mohawk.
He was the most virile chief of the Delaware nation during the years of
their subjugation to the Iroquois. His efforts for peace did much to win
the Ohio region from the French.
A monument to Tedyuskung has been erected in Fairmount Park,
Philadelphia.
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Lottery for Union Canal for $400,000 Authorized
by Legislature, April 17, 1795
By the act of April 17, 1795, the president and managers of the
Schuykill and Susquehanna Navigation, and the president and managers of
the Delaware and Schuykill Canal Navigation, were authorized to raise by
means of a lottery, a sum of $400,000 for the purpose of completing the
works cited in their acts of incorporation, under a prohibition that
neither of them should form the same into capital stock, upon which to
declare a dividend of profits.
An Act Passed March 4, 1807, authorized the said companies to raise
their respective sums separately, subject to the prohibition as to
dividends.
The two companies were consolidated by act of April 2, 1811 into a
corporation known as the Union Canal Company of Pennsylvania. The new
company was authorized to raise money by loan to complete the canal and
to use the proceeds of the lotteries already authorized, and by the
twenty-eighth section of the act authority was given to raise the
residue of the original sum equal to $340,000 by a lottery.
By the act of March 29, 1819 the proceeds of the above lottery were
pledged as a fund for the payment of an annual interest of 6 per cent
upon the stock of the company.
By these and subsequent acts it appears that the lottery grants were
given in the first instance, to the two companies, and afterwards
continued to the Union Canal Company to aid and encourage the
construction and completion of a canal and lock navigation uniting the
waters of the Susquehanna and Schuylkill.
In consequence of these lottery grants, individuals were induced to
invest their funds in the furtherance of the work, and loans to the
amount of $830,400 were made upon the credit of the capital stock and
the profits of the lotteries.
The Union Canal Company entered into contracts for the conduct of these
lotteries, the last one, October 6, 1824, for five years, which expired
December 31, 1829.
Public-domain text, read in full here on John Shaqi.
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