History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times — John Shaqi
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
These were some of the big estates created by "Colonel Fletcher's
intolerable corrupt selling away the lands of this Province," as
Bellomont termed it in his communication to the Lords of Trade of Nov.
28, 1700. Fletcher, it was set forth, profited richly by these corrupt
grants. He got in bribes, it was charged, at least L4,000.[19] But
Fletcher was not the only corrupt official. In his interesting work on
the times,[20] George W. Schuyler presents what is an undoubtedly
accurate description of how Robert Livingston, progenitor of a rich and
potent family which for generations exercised a profound influence in
politics and other public affairs, contrived to get together an estate
which soon ranked as the second largest in New York state and as one of
the greatest in the colonies.
Livingston was the younger son of a poor exiled clergyman. In currying
favor with one official after another he was unscrupulous, dexterous and
adaptable. He invariably changed his politics with the change of
administration. In less than a year after his arrival he was appointed
to an office which yielded him a good income. This office he held for
nearly half a century, and simultaneously was the incumbent of other
lucrative posts. Offices were created by Governor Dongan apparently for
his sole benefit. His passion was to get together an estate which would
equal the largest. Extremely penurious, he loaned money at frightfully
usurious rates and hounded his victims without a vestige of
sympathy.[21] As a trader and government contractor he made enormous
profits; such was his cohesive collusion with high officials that
competitors found it impossible to outdo him. A current saying of him
was that he made a fortune by "pinching the bellies of the
soldiers"--that is, as an army contractor who defrauded in quantity and
quality of supplies. By a multitude of underhand and ignoble artifices
he finally found himself the lord of a manor sixteen miles long and
twenty-four broad. On this estate he built flour and saw mills, a bakery
and a brewery. In his advanced old age he exhibited great piety but held
on grimly to every shilling that he could and as long as he could. When
he died about 1728--the exact date is unknown--at the age of 74 years,
he left an estate which was considered of such colossal value that its
true value was concealed for fear of further enraging the discontented
people.
EFFECTS OF THE LAND SEIZURES.
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