Georgia Speculation Unveiled; In Two Numbers

Bishop, Abraham

Published by Printed by Elisha Babcock, Hartford, 1797
Condition: Good Soft cover
From Americana Books ABAA (Stone Mt., GA, U.S.A.)

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8vo. 39 pages. Stitched wraps with title page 1. Untrimmed. Light to moderate scattered toning and brown spots. Old clear tape repair and small hole on title page (no loss of text). Remnants of outer wrap on front joint. Dull green strip of linen tape on rear blank joint. The author's statement on the verso of the title page reads, "This pamphlet is an actual, though not a literal answer to the "State of Facts" published by the Georgia Companies (see Howes G 126). It contains the outlines of the present state of Georgia business, and a brief sketch of the arguments on both sides, with such Commentaries as the compass of the work would allow. The general tenor of it, especially that part which treats of the Chancery powers of our Courts, will be found applicable to the cases of all, who have suffered by any kind of Land Speculation."Howes B 471; Evans 31830; DeRenne 278; Sabin 5593. From Wikipedia; The Yazoo land scandal, Yazoo fraud, Yazoo land fraud, or Yazoo land controversy was a massive, real estate fraud perpetrated, in the mid-1790s, by Georgia governor George Mathews[1] and the Georgia General Assembly. Georgia politicians sold large tracts of territory in the Yazoo lands, in what are now portions of the present-day states of Alabama and Mississippi, to political insiders at very low prices in 1794. Although, the law enabling the sales was overturned by reformers the following year, its ability to do so was challenged in the courts, eventually reaching the US Supreme Court. In the landmark decision in Fletcher v. Peck (1810), the Court ruled that the contracts were binding and the state could not retroactively invalidate the earlier land sales. It was one of the first times the Supreme Court had overturned a state law, and it justified many claims for those lands.Some of the lands sold by the state in 1794 had been shortly thereafter resold to innocent third parties, greatly complicating the litigation. In 1802, because of the ongoing controversy, Georgia ceded all of its claims[2] to lands west of its modern border, to the U.S. government, in exchange for which the government paid cash and assumed the legal liabilities. Claims involving the land purchases were not fully resolved until legislation passed in 1814 established a claims-resolution fund.The Yazoo land fraud is often conflated with the Pine Barrens speculation, another land scandal which took place in east Georgia at about the same time. In this case, the state's high-ranking officials were making multiple gifts of land grants for the same parcels, resulting in the issuance of grants totaling much more land than was available in the state of Georgia. Bookseller Inventory # 7459

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Bibliographic Details

Title: Georgia Speculation Unveiled; In Two Numbers

Publisher: Printed by Elisha Babcock, Hartford

Publication Date: 1797

Binding: Wraps

Book Condition:Good

Edition: First Edition.

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