Speculators from New York buying land in Rutherford County
Land Speculation Records online at UNC-A library
Extract of Letters sent by the owners of the "Speculation Land Company" - signed by James Thompson, Goold(sic) Hoyt, James B. Murray, and Arthur Bronson. 1. Letter of Instruction to Jacob Hyatt dated March 10, 1825. Hyatt is told to see a number of specified people in Rutherford County and to inquire about purchasing their lands, and to obtain a contract and price for each executable at a later date. The purpose of which was to create a settlement, the location of which was to be determined later. He is told to act as a farmer from New York wanting to relocate to the area. He is also told which lawyers to use. Hyatt is also instructed to inform "those settlers that purchased land from Augustus Sacket that the new owners will treat them fairly both in regard to the prices of the land and terms of payment". In those cases where "their title is not valid or for other reasons they will take legal measures to dispossess them". (For additional correspondence between the owners of the "Speculation Land Company" and Jacob Hyatt see Patton P.16 - 45.)
Copy of a newspaper article that appeared in the Sacket Harbor (New York) Gazette, February 9, 1821. Article extols the virtues of land that Augustus Sacket has for sale in Western North Carolina.
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