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
Bellomont fully understood the serious evils which had been injected
into the body politic and strongly applied himself to the task of
confiscating the great estates. One of his first proposals was to urge
upon the Lords of Trade the restriction of all governors throughout the
colonies from granting more than a thousand acres to any man without
leave from the king, and putting a quit rent of half a crown on every
hundred acres, this sum to go to the royal treasury. This suggestion was
not acted upon. He next attacked the assembly of New York and called
upon it to annul the great grants. In doing this he found that the most
powerful members of the assembly were themselves the great land owners
and were putting obstacle after obstacle in his path. After great
exertions he finally prevailed upon the assembly to vacate at least two
of the grants, those to Evans and Bayard. The assembly did this probably
as a sop to Bellomont and to public opinion, and because Evans and
Bayard had lesser influence than the other landed functionaries. But the
owners of the other estates tenaciously held them intact. The people
regarded Bellomont as a sincere and ardent reformer, but the landed men
and their following abused him as a meddler and destructionist.
Despairing of getting a self-interested assembly to act, Bellomont
appealed to the Lords of Trade:
"If your Lordships mean I shall go on to break the rest of the
extravagant grants of land by Colonel Fletcher or other governors, by
act of assembly, I shall stand in need of a peremptory order from the
King so to do."[23] A month later he insisted to his superiors at home
that if they intended that the corrupt and extravagant grants should be
confiscated--"(which I will be bold to say by all the rules of reason
and justice ought to be done) I believe it must be done by act of
Parliament in England, for I am a little jealous I shall not have
strength enough in the assembly of New York to break them." The majority
of this body, he pointed out, were landed men, and when their own
interest was touched, they declined to act contrary to it. Unless, added
Bellomont, "the power of our Palatines, Smith, Livingston, the Phillips,
father and son[24]--and six or seven more were reduced ... the country
is ruined."[25]
Despite some occasional breaches in its intrenchments, the landocracy
continued to rule everywhere with a high hand, its power, as a whole,
unbroken.
HOW THE LORDS OF THE SOIL LIVED.
Public-domain text, read in full here on John Shaqi.
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