The Hermitage, Home of Old HickoryHorn, Stanley F.
History
The Hermitage, Home of Old Hickory
Horn, Stanley F.
Hermitage (Hermitage, Tenn.); Jackson, Andrew, 1767-1845 -- Homes and haunts -- Tennessee -- Hermitage
And even the financial relief did not come immediately, for Colonel Ward
made the purchase on long and involved terms. He delivered to Jackson
the bond of a Mr. Lew Jones for £1670, Virginia currency, (equivalent to
$5,566.67 in Tennessee money), due on December 15, 1804. He paid
$1,794.91 in cash in January, 1805; $463.71 in cash in February; and in
March $666.67 in cash and 6,899 pounds of cotton, worth $1,000.35 at the
then price of 14½ cents per pound. Payments then ceased, and on May 7th
Jackson wrote Ward a strongly worded dunning letter insisting on the
payment of the balance of $1,721.88 still due. “When you recollect,” he
wrote to Colonel Ward, “that I turned myself out of house and home, by
the sale of my possessions to you, purely to meet my engagements, you
must know that the anxiety must be great in my mind to meet them, with
the sacrifice of ease and comfort that I made upon that occasion. I need
only to add that my creditors are growing clamorous and I must have
money from some source.”
Ward, in response to this appeal, paid $278.22 on account, and then
instituted a quibble on the ground that he should be permitted to pay
the balance in negroes rather than in cash. Jackson vigorously refuted
this suggestion, saying: “I can not believe that you are seriously
impressed with the belief that you are now authorized to discharge a
part of the debt in negroes. Had negroes been offered before Mr.
Hutchings descended the river with negroes for sale they would have been
received, notwithstanding the lapse of time. Of his departure you were
informed by me, with the express design that you might discharge part of
the debt in negroes if you thought proper, which if you had I would have
been in cash for them before this. As you did not have negroes then, and
the time elapsed, I did (and with propriety) conclude that you had
provided other means to meet your engagement; and negroes would not have
been named after we had sent on to market and the time so far elapsed.”
Jackson also refused Ward’s proffer of real estate in settlement of the
balance due, pointing out that if his own creditors would accept real
estate in payment of their claims he could dispose of all his debts “in
four hours.” He then went on to say that he must have cash the following
week and that if he did not receive it he would be obliged to offer
Ward’s bond for sale (an extreme step to take in those days). “But,”
said Jackson, “my engagements I must meet. This was the object of the
sale of my possessions, and from that sale I must realize that object.”
Poor General Jackson! It is hard to imagine a worse plight than to
sacrifice a dearly beloved house and home in order to get money to pay
one’s debts—and then not get the money without a year’s unpleasant
squabbling.
Public-domain text, read in full here on John Shaqi.
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