[PENNSYLVANIA]. PENNSYLVANIA LAND COMPANY IN LONDON. An Act for Vesting Certain Estates in Pensylvania, New-Jersey, and Maryland, Belonging to the Proprietors of a Partnership Commonly Called the Pensylvania Land-Company... [London: 1760].

细节
[PENNSYLVANIA]. PENNSYLVANIA LAND COMPANY IN LONDON. An Act for Vesting Certain Estates in Pensylvania, New-Jersey, and Maryland, Belonging to the Proprietors of a Partnership Commonly Called the Pensylvania Land-Company... [London: 1760].

Folio (12 3/8 x 7¼ in). 25 (of 31)pp. (Scattered soiling, light stains at end, a few pin-holes, last four leaves supplied in facsimile). Modern cloth.

A FRONTIER LAND TRUST IS LIQUIDATED. Little is known about the Pennsylvania Land Company, established in 1699 by four English entrepreneurs--Tobias Collet, Michael Russel, Daniel Quare, and Henry Gouldney. The partners paid William Penn 2000 pounds for leases of land recently surveyed Philadelphia. As settlement and immigration burgeoned, shares in the company grew from 220 in 1699 to 8800 in 1720 and it became increasingly difficult to keep track of shareholders. Finally, the company was forced to liquidate all its property. Benjamin Franklin seems to have been behind this enactment; John Fothergill, Franklin's close friend, was chairman of the disposition committee and the auctions and proceedings were required to advertise in Franklin's Pennsylvania Gazette. Any proceeds remaining after settlement were to be donated to the Pennsylvania Hospital. RARE: there are only two copies recorded in America (HSP and JCB).