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United States 6 per cents
3746 Ditto, deferred,
2500 Ditto, 3 per cents Potowmack Company, 24 shares cost
1001. sterling James River Company, 5 shares, each?
cost 100 dollars Bank of Columbia, 170 shares 40 dols. each Bank of Alexandria, besides 20 in the free school
STOCK LIVING, &c.
riding horses, six brood mares, twenty work-
(a) 'This tract, for the size of it, is valuable, more for its situation than the quality of its soil, though that is good for farming, with a considerable proportion of ground that might very easily be improved into meadow. It lies on the great road from the city of Washington, Alexandria, and Georgetown, to Leesburgh and Winchester. At Difficult Bridge, nineteen miles, from Alexandria, less from the city of Georgetown, and nor more than three from Matildaville, at the Great Falls of Potowmack there is a valuable seat on the premises, and the whole is conditionally sold for the sum annexed in the schedule.
(6) What the selling prices of lands in the vicinity of these two tracts are I know not, but compared with those above the ridge, and others below them, the value annexed will appear moderate; a less one would not obtain them from me.
(c) The surrounding land, not superior in soil, situation, or properties of any sort, sell currently at from twenty to thirty dollars an acre. The lowest price is affixed to these.
(d) The observations made in the last note apply equally to this tract; being in the vicinity of them, and of similar quality, although it lies in . another county
(e) This, tract, though small, is extremely valuable. It lies on Potow. mack River, about twelve miles above the town of Bath or Warm Springs, and is in the shape of a horseshoe ; the river running almost round'it. Two hundred acres of it is rich low grounds, with a great abundance of the largest and finest walnut trees; which, with the produce of the soil might (by means of the improved navigation of the Potowmack) be brought to shipping port with more ease, and at a smaller expense, than that which is transported thirty miles only by land.
(F) This tract is of second rate Gloucester low ground; it has no improvements thereon, but lies on navigable water, abounding in fish and oysters. It was received in payment of a debt (carrying interest) and valued in the year 1789, by an impartial gentleman, to 8001. N. B. It has lately been sold, and there is due thereon a balance, equal to what is annexed in the schedule.
(g) These three hundred and seventy-three acres are the third part of an undivided purchase made by the deceased Fielding Lewis, Thomas Walker, and myself, on full conviction that they would become valuable. The land lies on the road from Suffolk and Norfolk, touches, if I am not mistaken, some part of the navigable water of Nansemond River; the Rich Dismal Swamp is capable of great improvement, and from its situation must become extremely valuable.
(b) 'This is an undivided interest, which I held in the Great Dismal Swamp Company, containing about four thousand acres, with my part of the plantation, and stock thereon, belonging to the Company in the said Swamp.
(i). These several tracts of land are of the first quality, on the Ohio river, in the parts where they are situated, being almost, if not altogether, river bottoms. The smallest of these tracts is actually sold at ten dollars an acre, but the consideration therefor not received. The rest are equally valuable, and sold as high ; especially that which lies just below the Little Kenhawa, and is opposste to a thick settlement on the west side of the river. The four tracts have an aggregate breadth upon the river of sixteen miles, and is bounded thereby that distance.
(k) These tracts are situated on the Great Kenhawa River, and the first four are bounded thereby for more than forty miles. It is acknow
ledged by all who have seen them; and the tract containing ten thousand nine hundred and ninety-nine acres, which I have been on myself, I can assert, that there is no richer or more valuable land in all that region; they are conditionally sold for the sum mentioned in the schedule, that is, 200,000 dollars; and if the terms of that sale are not complied with, they will command considerably more, The tract, of which the one hundred and twenty-five acres is a moity, was taken up by General Andrew Lewis and myself, for and on account of a bituminous spring which it contains, of so inflammable a nature as to burn as freely as spirits, and is nearly as difficult to extinguish.
(i) I am but little acquainted with this land, although I have once been on it. It was received, many years since, in discharge of a debt to me from Daniel Janifer Adams, at the value annexed thereto, and must be worth more. It is very level; lies near the river Potowmack.
(m) This tract lies about thirty miles above the city of Washington, not far from Kittoctan. It is good farming land, and by those who are well acquainted with it, I am informed that it would sell at twelve.or fifteen dollars per acre.
(n) This land is valuable on account of its local situation, and other properties. It affords an exceeding good stand on Braddock's road, from Fort Cumberland to Pittsburg, and besides a fertile soil possesses a large quantity of natural meadow, fit for the scythe. It is distinguished by the appellation of the Great Meadows, where the first action with the French in 1754 was fought.
() This is the moiety of about two thousand acres which remains sold, of six thousand and seventy-one acres on the Mohawk river, Montgomery county, in a patent granted to Daniel Coxe, in the town. ship of Coreborough and Carolinas, as will appear by deed from Ma. rinus Willet and wife, to George Clinton, late Governor of Newyork, and myself. The latter sales have been at six dollars an acre, and what remains unsold, will fetch that or more.
(o) The quality of these lands and their situations may be known by the surveyor's certificates, which are filed along with the patents. They lie in the vicinity of Cincinnati; one tract near the mouth of the Little Miami; another seven, and the third ten miles up the same. "I have been informed that they will command more than they are estimated at.
(2) For the description of these tracts in detail, see General-Spotswood's letters, filed with the other papers relating to them. Besides the general good quality of the land, there is a valuable bank of iron ore thereon, which, when the settlement becomes more populous, and settlers are moving that way very fast, will be found very valuable; as the Rough Creek, a branch of Green River, affords ample water for furnaces and forges.
CITY OF WASHINGTON.
(-) The two lots near the capitol, in square 634, cost me 963 dollars only. But in this price I was favoured, on condition that I should build two brick houses, three stories high each; without this reduction, the selling prices of those lots would have cost me about 1350 dollars. These lots, with the buildings thereon, when completed, will stand me in 15,000 dollars at least.
(s) Lots No. 5, 12, 13, and 14, on the eastern branch, are advantageously situated on the water, and although many lots, much less convenient, have sold a great deal higher, I will rate these at 12 cents the. square foot only.
(t). For this lot, though unimproved, I have refused 2500 dollars. It has since been laid out into proper sized lots for building on; three or
four of which are let on ground rent for ever, at three dollars a foot on the street, and this price is asked for both fronts on Pitt and Princess Streets.
WINCHESTER. (u) As neither the lot in the town or common have any improvements on them, it is not easy to fix a price, but as both are well situated, it is presumed that the price annexed to them in the schedule is a reasonable valuation.
BATH. (v) The lots in Bath (two adjoining) cost me, to the best of my recollection, between fifty and sixty pounds twenty years ago, and the buildings thereon one hundred and fifty
, pounds more. Whether property there has increased or decreased in its value, and in what condition the houses are, I am ignorant, but suppose they are not valued too high.
(w) These are the sums which are actually funded, and though no more in the aggregate than 7566 dollars, stand me in at least ten thous sand pounds, Virgina money, being the amount of bonded and other debts due to me, and discharged during the war, when money had de preciated in that rate, and was so settled by public authority.
(x) The value annexed to these shares is what they have actually cost me, and is the price affixed by law; and although the present sell. *ing price is under par, my advice to the legatees, for whose benefit they are intended, especially those who can afford to lie out of the money, is that each should take and hold one, there being a moral certainty of a great and increasing profit arising from them in the course of a few years.
(y) It is supposed that the shares in the James River Company must be productive. But of this I can give no decided opinion, for want of more accurate information.
(z) These are the nominal prices of the shares in the Banks of Alex. andria and Columbia ; the selling prices vary, according to circumstances; but as the stock usually divide from eight to ten per cent. per annum, they must be worth the former, at least so long as the banks are conceived to be secure, although, from circumstances, they may sometimes be below it.
The value of the live stock depends more upon the quality than quantity of the different species of it, and this again upon the demand and judgment, or fancy, of purchasers.
GEORGE WASHINGTON. Mount Vernon, July 9, 1799.
VIRGINIA, FAIRFAX. ss.
by certify, that the foregoing copy of the last Will and
office. In testimony whereof, I have hereunto set my hand, this twenty-third day of January, 1800.
Clerk of Fairfax County,
T. Gillet, Printer, Crown-court.