PRESIDENT ANDREW JACKSON - LAND GRANT SIGNED 04/13/1829 CO-SIGNED BY: GEORGE GRAHAM - HFSID 42939
ANDREW JACKSON President Jackson signs an 1829 land grant, granting 80 acres in the territory of Indiana. Partly Printed DS: "Andrew Jackson" as President, 1 page, 14¾x9½. On vellum. Washington, 1829 April 13.Countersigned: "Geo. Graham" as Commissioner of the General Land Office.
Sale Price $1,360.00
President Jackson signs an 1829 land grant, granting 80 acres in the territory of Indiana.
Partly Printed DS: "Andrew Jackson" as President, 1 page, 14¾x9½. On vellum. Washington, 1829 April 13.Countersigned: "Geo. Graham" as Commissioner of the General Land Office. In part: "Whereas Henry Drybread of Butler County, Ohio has deposited in the General Land Office of the United States a certificate of the Register of the Land Office at Indianapolis...according to the provisions of the Act of Congress of the 24th of April 1820 entitled 'An act making further provision for the sale of the Public Lands' for the East half of the South West quarter of Section Thirty Two in Township Fourteen of Range Five East, in the District of Lands subject to Sale at Indianapolis, Indiana, Containing Eighty Acres ...." The Land Act of April 24, 1820 abolished the credit system that enabled settlers to make deferred payment on their land and reduced the per acre purchase price from $2 to $1.25 with the entire amount to be paid at the time of purchase. The smallest purchasable unit of land was fixed at 80 acres. Alabama became the 22nd state on December 14, 1819, entering as a slave state. Issues of granting land would eventually haunt Jackson, because the excessive speculation and abuses associated with it during his two terms, resulted in Jackson's Specie Circular in 1837. The circular required government agencies to accept only gold and silver for payment for public lands. The order shocked the Western states because speculators there had been buying land with "cheap" paper money. The circular ended land speculation, but inflationary conditions at the end of Jackson's presidency brought on the economic panic that struck shortly before his term ended. Creased. Full, 2¼-inch paper seal. Fine, bold signature of Jackson.
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