The Winning of the West, Volume 4: Louisiana and the Northwest, 1791-1807Roosevelt, Theodore
History
The Winning of the West, Volume 4: Louisiana and the Northwest, 1791-1807
Roosevelt, Theodore
Northwest, Old -- History; United States -- Territorial expansion; West (U.S.) -- History
These land companies possessed on paper a weight which they did not have
in actual history. They occasionally enriched, and more often
impoverished, the individual speculators; but in the actual peopling of
the waste lands they counted for little in comparison with the steady
stream of pioneer farmers who poured in, each to hold and till the
ground he in fact occupied. However, the contemporary documents of the
day were full of details concerning the companies; and they did possess
considerable importance at certain times in the settlement of the West,
both because they in places stimulated that settlement, and because in
other places they retarded it, inasmuch as they kept out actual
settlers, who could not pre-empt land which had been purchased at low
rates from some legislative body by the speculators. The companies were
sometimes formed by men who wished themselves to lead emigrants into the
longed-for region, but more often they were purely speculative in
character, and those who founded them wished only to dispose of them at
an advantage to third parties. Their history is inextricably mixed with
the history of the intrigues with and against the Spaniards and British
in the West. The men who organized them wished to make money. Their
object was to obtain title to or possession of the lands, and it was
quite a secondary matter with them whether their title came from the
United States, England, or Spain. They were willing to form colonies on
Spanish or British territory, and they were even willing to work for the
dismemberment of the Western Territory from the Union, if by so doing
they could increase the value of the lands which they sought to acquire.
American adventurers had been in correspondence with Lord Dorchester,
the Governor General of Canada, looking to the possibility of securing
British aid for those desirous of embarking in great land speculations
in the West. These men proposed to try to get the Westerners to join
with the British in an attack upon Louisiana, or even to conduct this
attack themselves in the British interests, believing that with New
Orleans in British hands the entire province would be thrown open to
trade with the outside world and to settlement; with the result that the
lands would increase enormously in value, and the speculators and
organizers of the companies, and of the movements generally, grow rich
in consequence. [Footnote: Canadian Archives, Dorchester to Sydney, June
7, 1789; Grenville to Dorchester, May 6, 1790; Dorchester to Beckwith,
June 17, 1790; Dorchester to Grenville, Sept. 25, 1790. See Brown's
"Political Beginnings," 187.] They assured the British agents that the
Western country would speedily separate from the eastern States, and
would have to put itself under the protection of some foreign state.
Dorchester considered these plans of sufficient weight to warrant
inquiry by his agents, but nothing ever came of them.
The Yazoo Land Companies.
Public-domain text, read in full here on John Shaqi.
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