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Item Number:  0473
Description: 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.) 2. Letter to Joseph Caron, Esquire dated March 11, 1825. This is a Letter of Introduction for Jacob Hyatt to engage Carson as legal counsel. 3. Letter to Jonathan Bloom dated June 10, 1825. The letter states that Bloom is to act as a conciliator on their behalf to the people who "have been abused by Sacket". 4. Letter to James Stevens dated January 31, 1826. This letter references the need of having a local individual, preferably from Rutherford County, to serve as their local agent, and asks for recommendations..
Date of Item:  1825-03-10
Category:  Supporting Documents
Location:  Box 7
 
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Extract form letter of Instructions to 
Jacob Hyatt                           dated March 10, 1825.

After arriving at Columbia we think you will find it most expedient to purchase a horse and as it will not be much out of your way, we wish you to go by the way of Greenville where we understand a Mr [cloms?] resides who owns a valuable property in Rutherford which he had offend to sell for six thousand dollars & as it may be of importance to us to own that and some other pieces of land, we wish you to obtain from him a written obligation to convey the same to you or your order at any time within a specified period, making it as long as possible (and at any rate, not less than sixty days) provide you [share?] within that time pay him the [?] which you may agree upon either in Specie or in the notes of the United States Bank-[Su?] to give you a full warranty tith free of all encumbrances.  You will then proceed to Rutherford and make similar agreements on the best terms in your power with a Mr. Hamilton for his land and Mill [seat?] on Broad River and a Mr. Ross for his property on the high shoals. Our object in making these contracts is to secure a good spot for a settlement and we with to have our choice out as many as possible or as you may think advisable and you will therefore add others to these if you think proper but you must particularly observe two things-first-not to let the real object of your visit to North Carolina be known until you have got complete written contracts executed for such prices of property as you may think desirable, but may state that you are returning to that county to settle and that some of your friends in the North are disposed to aid you in the purchase of a good farm and that you want to give them an opportunity of selecting out of as many as possible- Secondly to have the instruments so drawn as that the present owners of the property may be fully and completely bound, while you shall be at liberty to take the