PRESIDENT ANDREW JACKSON - LAND GRANT SIGNED 12/06/1830 CO-SIGNED BY: ELIJAH HAYWARD - HFSID 41770
Sale Price $1,360.00
Land Grant in Ohio, signed by Jackson as President and by Elijah Hayward as land commissioner in 1830
Partly Printed Document signed: "Andrew Jackson" as President, 1 page, 15x9½. On vellum. Washington, 1830 December 6. Countersigned:"Elijah Hayward" as Commissioner of the General Land Office.In part: "Whereas Francis Campbell of Marion County, Ohio, has deposited in the General Land Office of the United States a certificate of the Register of the Land Office at Tiffin...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 Five of Township Six South of Range Fifteen, in the District of Lands subject to Sale at Tiffin, Ohio, 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. Campbell purchased half of a quarter section containing 80 acres, the minimum purchase allowed. Tiffin, Ohio is about 50 miles southeast of Toledo. 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. Elijah Hayward was Commissioner of the General Land Office from 1830 to 1835. 1¾-inch paper seal affixed at lower left. Soiled. Lightly creased. Folds. 1-inch separation at vertical fold which separates one word of text. Vertical fold passes through first stroke of "A" of "Andrew". 1¼-inch hole at horizontal fold has removed one printed word of text. Blank portion torn off at upper right corner.
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