Bidding was brisk; and twenty-four lots were sold in short order. Among the first day's purchasers, besides those mentioned above, were William Fitzhugh, the Honorable William Fairfax, and Colonel George Fairfax. The trustees met again the next day, July 14, and wasted no time. At once seventeen lots were sold. The trustees agreed to adjourn "till 20th of September next,"[17] at which time the "deeds are to be executed for the above lots and the remaining lots to be sold, and that the Clerk prepare blank deeds for the same."[18] As for the prices paid for the lots--it is surprising to find a foreign coin, the Spanish _pistole_, as the basic unit of currency. This was due to a situation where hard money was seriously lacking in colonial Virginia. As early as 1714 a general act had been passed to attract foreign specie, which was declared _current_ according to weight. Thus the legal valuation of the _pistole_ was slightly in excess of 21s. or approximately $4.34.[19] Its purchasing power in the eighteenth century was about five times as great as today. Lots purchased at auction on the first day brought from 16 to 56-1/2 _pistoles_. On the second day, they went for as little as six _pistoles_, the highest bidder for that day being Henry Salkeld, who purchased lots Nos. 38 and 39 for 23 _pistoles_ (present-day normal evaluation about $282.00). [Illustration] THE TOWN BUILT For many months the trustees were primarily concerned with the disposal of the lots and "advertisements were set up to that purpose,"[20] in the gazettes. Sales were numerous, houses began to go up speedily. By January 1750, eighty lots had been sold with two lots set apart for the town house and market square. In August 1751, Colonel Carlyle was "appointed to have a good road cleared down to Point Lumley and to see the streets kept in repair."[21] On July 18, 1752, the trustees "Ordered on Coll. George Fairfaxe's motion that all dwelling houses from this day not begun or to be built hereafter shall be built on the front and be in a line with the street as chief of the houses now are, and that no gable or end of such house be on or next to the street, except an angle or where two streets cross, otherwise to be pulled down."[22] While the trustees were feverishly building the new port, the Assembly at Williamsburg was discharging the purchasers of marsh lots from the necessity of building on and improving them; approving the proposition "for appointing fairs to be kept in the Town of Alexandria."[23] Fairs and lotteries were the principal source of municipal income in early years; the journals of the House of Burgesses contain frequent requests for such from many of the Virginia towns. [Illustration: Plan of the Town of Alexandria by George Washington. (From the Washington Papers in the Library of Congress)]