A. Frederick Prevost be given up, and the Holland Company
take back their lands. This was accordingly done a few days before
Cazenove sailed for Europe, which was, I think, in June last.
I should have noted, that about the year 1792 or 1793, I became
jointly concerned with the Holland Company and sundry individuals in
the purchase from the State of Pennsylvania of the whole Presque Isle
angle, and of other lands adjoining to the amount of a million of
acres. The association was called the Population Company, and was
under the management of directors, who had a right to assess on the
proprietors or associates any sums they might think proper to promote
the settlements required by the patents. My interest was one hundred
shares, or twenty thousand acres, for which I had paid, at the time I
mortgaged to Cazenove, upwards of seven thousand five hundred dollars.
The thing was considered as extremely valuable, and I have no doubt
but my interest would, if I could have retained it five years, have
been worth to me more than one hundred thousand dollars. Lands within
the angle were last year sold at twenty dollars per acre.
Though it be obvious that no damages were due or could have been
recovered by the Holland Company on the penalty contained in the
covenants, yet I had several motives to urge me to some sacrifice in
order to get rid of the business. _First._ I could not repay the
advances made by Cazenove, which amounted to several thousand dollars.
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