The Bay State Monthly — Volume 1, No. 6, June, 1884Various
History
The Bay State Monthly — Volume 1, No. 6, June, 1884
Various
Massachusetts -- Periodicals; New England -- Periodicals
Less than a century ago, land on Beacon Hill was as cheap as public
documents. Ministers are enjoined not to be worldly minded, and not to
be given to filthy lucre. But the Reverend James Allen would furnish an
excellent pattern for a modern real-estate speculator. In addition to
his pasture on the south side of Cambridge Street, he had also a
twenty-acre pasture on the north side of that street, between Chambers
Street and Charles River, extending to Poplar Street, for which he paid
one hundred and forty pounds, New-England currency, equivalent to four
hundred and sixty-seven dollars, equal to twenty-three dollars per acre.
He was thus the proprietor of all the territory from Pinckney Street to
Poplar Street, between Joy Street and Chambers Street on the east, and
Grove Street and Charles River on the west; for which he paid the
magnificent sum of nine hundred and sixty-seven dollars! It was called
"Allen's Farm." The Capitol lot, containing ninety-five thousand square
feet, was bought by the town of Boston of John Hancock (who, though a
devoted patriot to the American cause, yet in all his business
transactions had an eye to profit), for the sum of thirteen thousand
three hundred and thirty-three dollars; only _twenty_ times as much as
he gave for it! The town afterward conveyed it to the Commonwealth for
five shillings, upon condition that it should be used for a Capitol. In
1846, the city of Boston paid one hundred and forty-five thousand one
hundred and seven dollars for the reservoir lot containing thirty-seven
thousand four hundred and eighty-eight square feet. In 1633, the town
granted to William Blackstone fifty acres of land wherever he might
select. He accordingly selected upon the south-westerly slope of Beacon
Hill, which included the Common. Being afterward compelled by the town
to fence in his vacant land, he conveyed back to the town, for thirty
pounds, all but the six-acre lot at the corner of Beacon and Spruce
Streets, and extending westerly to Charles River, and northerly to
Pinckney Street, where he lived until 1635, when he removed to Rhode
Island, and founded the town which bears his name.
Public-domain text, read in full here on John Shaqi.
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