About this time we learned that all prospect of selling the land in
Europe had failed, and as I never had an expectation of paying except
from the land itself, it became necessary to close the transaction. It
should be observed, that soon after my contract with Cazenove he
received orders, as he informed me, to sell no more under sixteen
shillings (two dollars), and afterward I understood that he had raised
the price to twenty shillings. In December last we had several
conferences for the purpose of settling this business. I offered to
give back the land and cancel the covenants. He talked of the penalty.
I replied that be would only recover the damages sustained, which, by
his own account, were nothing; for, as the price of the land was
raised to twenty shillings, the Holland Company would, by their own
estimation, gain one hundred thousand dollars by taking back the land.
He appeared to feel the unreasonableness of his demand, and finally
evaded my proposal by questioning his own authority. This I considered
as a pretence; some irritation ensued, and we parted without
concluding any thing.
Thus the matter remained until May last (1799), when our negotiations
were renewed. After various overtures and propositions on either side,
it was at length agreed that I should convey to the Holland Company,
absolutely, the twenty thousand acres Presque Isle lands. That this
should be received in discharge of the advances that Cazenove had made
thereon, and in full satisfaction of all damages claimed on the
covenants; and that thereupon the covenants should be cancelled, the
bond of I.
Pages:
488
489
490
491
492
493
494
495
496
497
498
499
500
501
502
503
504
505
506
507
508
509
510
511
512