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History of the Great American Fortunes, Vol. I

Conditions in Settlement and Colonial Times

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Author: Myers Gustavus
Published: 1907
Language: English
Wordcount: 84,155 / 261 pg
Flesch-Kincaid Reading Ease: 54.4
LoC Category: F
Downloads: 374
Added to site: 2010.01.14 26314
Genre: History

The possessors of towering fortunes have hitherto been described in two ways. On the one hand, they have been held up as marvels of success, as preŽminent examples of thrift, enterprise and extraordinary ability. More recently, however, the tendency in certain quarters has been diametrically the opposite. This latter class of writers, intent upon pandering to a supposed popular appetite for sensation, pile exposure upon exposure, and hold up the objects of their diatribes as monsters of commercial and political crime. Neither of these classes has sought to establish definitely the relation of the great fortunes to the social and industrial system which has propagated them.

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tes became consecutively more valuable.

To encourage colonization to its colonies still further, the States General in 1635 passed a new decree. It repeated the feudal nature of the rights granted and made strong additions.

Did any aspiring adventurer seek to leap at a bound to the exalted position of patroonship? The terms were easy. All that he had to do was to found a colony of forty-eight adults and he had a liberal six years in which to do it. For his efforts he was allowed even more extensive grants of land than under the act of 1629. So complete were his powers of proprietorship that no one could approach within seven or eight miles of his jurisdiction without his express permission. His was really a principality. Over its bays, rivers, and islands, had it any, as well as over the mainland, he was given command forever. The dispensation of justice was his exclusive right. He and he only was the court with summary powers of "high, low and middle jurisdiction," which were harshly or caprici



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