The word “thousand” is entered 226 times in this Document and the word “Pounds” 157 times. Twice the amount One hundred thousand Pounds is evident. And this Document from the Grenada Registers of Records was drafted in 1800. My financial background kicks into gear when I see numbers as large as £100,000 for property in 1800. I want to know the approximate equivalent in today’s, or close to, Pounds Sterling.
And does this have anything to do with my search and research of the origins of the genealogy and ancestry of my ggg-grandfather James Smith? Hardly so, but I have to keep my mind working at times.
Per the Retail Price Index (RPI) the £100,000 in 1800 would have been worth £6,300,000 in 2010. The RPI shows the cost of goods and services purchased by a typical household in one period relative to a base period. It is best used when the monetary amount is the cost or price of a simple product, such as a loaf of bread or a pair of shoes. According to the Average earnings, which are a logical measure for computing relative value of wages, salaries, or other income or wealth, the £100,000 in 1800 could convert to approximately £99,700,000.
According to either the RPI or the Average earnings definitions, I think we’re talking about a substantial large sum of money as counted in this 1800 Documents.
And from the Grenada Registers of Records, here is the 4th section of the images of the Pages 55 through and including 60. I have downloaded the images from Item 3 of the microfilm FHL [1563378].
My transcription –
Two more Parts of six to go. I certainly appreciate the comments, thoughts, and questions.
Enjoy,
Jim
According to either the RPI or the Average earnings definitions, I think we’re talking about a substantial large sum of money as counted in this 1800 Documents.
And from the Grenada Registers of Records, here is the 4th section of the images of the Pages 55 through and including 60. I have downloaded the images from Item 3 of the microfilm FHL [1563378].
My transcription –
55
The same Premises together with the said two other Plantations were by virtue of the said in part recited Indenture of the fifteenth day of June One thousand seven hundred and ninety-seven meant and intended to be and Indemnity to the said William Lushington party hereto as now remaining unsatisfied Now this Indenture Witne∫seth that in pursuance of the said Agreements and for the purposes of barring and extinguishing all Estates Tail and Revisions and Remainders thereupon expectant of and in the said Plantation or Estate called the Boulogne and Union Plantation and the Negroes alive and dead stock thereon and intended to be hereby release created limited or devised in and by the said in part recited Will of the said Michael Scott deceased or otherwise howsoever and for vesting the fee simple and inheritance of and in the same Premises in thesaid James Law upon the Trusts hereinafter mentioned and for and in consideration of the sum of two thousand two hundred and three Pounds five Shillings of lawful money of Great Britain by the said James Law (at the request and by the direction of the said Alexander Scott Marthé Cornette Victoire De St. Cyr Scott Sir Charles Kent Dame Mary his Wife and Ann Verelst testified by their being parties to and respectively executing these Presents) to the said Ann Wordsworth or secured to be paid at or before the sealing and delivery of these Presents the receipt whereof she the said Ann Wordsworth hereby acknowledge and that the same is in full satisfaction and discharge of all monies paid by her to the said Charles Gore Philadelphia Gore and Catherine Gore in respect of their said several Annuities as aforesaid and thereof and of and from the same and every part they doth acquit release and discharge the said James Law his Heirs Executors and Administrators for ever by these Premises and in consider ation of the said Bond of Indemnity executed by the said James Law and Patrick Crawford Bruce to the said Ann Wordsworth as aforesaid and for and in consideration of the of the sum of ten shillings of like lawful Money by thesaid James Law to the said Ann Wordsworth Sir Charles Kent Dame Mary his Wife Ann Verelst William Smith William Lushington party hereto Alexander Scott and Marthé Cornette Victoire De St. Cyr Scott in like manner the receipt whereof is hereby acknowledged They the said Ann Wordsworth Sir Charles Kent Dame Mary his Wife Ann Verelst William Smith and William Lushington party hereto at the request and by the direction of the said Alexander Scott and Marthé Cornette Victoire De St. Cyr Scott testified as aforesaid Have and each and every of them Hath according to their respective Estates and Interest therein Bargained Sold Aliened A∫signed Released and Confirmed and by these Presents Do and each and every of them Doth according to their respective Estates and Interests therein Bargain Sell Alien A∫sign Release and confirm and the said Marthé Cornette Victoire De St. Cyr Scott Hath Bargained sold Aliened A∫signed Released and Confirmed And by these Presents Doth Bargain Sell Alien Release and Confirm And the said Alexander Scott Hath Granted Bargained Sold Aliened A∫signed Release Ratified and Confirmed And by these Presents Doth Grant Bargain Sell Alien
A∫sign
56
A∫sign Release Ratify and Confirm unto the said James Law (in his actual po∫se∫sion as to the freehold parts thereof now being by virtue of a Bargain and Sale to him thereof made by the said Ann Wordsworth Sir Charles Kent Dame Mary his Wife Ann Verelst William Lushington party hereto Alexander Scott and Marthé Cornette Victoire De St. Cyr Scott for five ∫hillings consideration by Indenture bearing date the day next before the day of the date of these Presents for the terms of a Year commencing from the day next before the day of the date the same Indenture of Bargain and Sale and by force of the Statute made for transferring Uses into po∫se∫sion) and to his Heirs Executors Administrators and A∫signs All these two several Plantations or Estates or Pieces or Parcels of Land or Ground late of the said Michael Scott with all Me∫suages or Tenements Erections and Buildings thereunto belonging with the Apputena_ situate in the said Parish of St. Andrew in thesaid Island of Grenada and commonly called or Known by the name of the Boulogne and Union Plantations or by whatsoever name or names the same or either of them have or hath been called or known and which said Plantations and Premises were formally in the tenure or occupation of the said Michael Scott or his A∫signs and formally the Estate of George Scott Esq. choose three deceased the Brother of the said Michael Scott and Lieutenant Governor of the Island of Dominique in America together with all Ways Paths Pa∫sages Waters Watercourses Rights Easements Profits Privileges Commodities and Hereditaments to the same Plantation belonging or in anywise appertaining or therewith or with any part thereof commonly used deemed taken or known as part parcel or member thereof together with all and singular the Me∫suages or Dwelling Houses Outhouses Mills Boilinghouses Curinghouses Stillhouses Cisterns Cellars Negro Houses and all other Edifices and Erections of what nature or kind so ever on the said Plantations hereby released or intended so to be erected built standing or being with all and every the Coppers Boilers Mills Worms and other fixtures therein or thereupon And also all and every the Negro and other Slaves in upon or belonging to the said Plantation and Premises And all and every the Horses Mules Horned Cattle and other live Stock in upon or belonging thereto with the future I∫sue and Increase of the Females of the said Slaves and live Stock And also all and singular the Plantation Stores Implements Utensils furniture and dead Stock to the said Plantation hereby released or intended so to be or to the Buildings thereon respectively belonging or use or kept for the purposes of Cultivation or Manufacture And the Reversion and Reversions Remainder and Remainders yearly and other Rents I∫sues and Profits thereof And all the Estate Right Title Interest Use Trust Po∫se∫sion Property Po∫sibility Claim and Demand whatsoever both at Law and in Equity of them the said Ann Wordsworth Sir Charles Kent Dame Mary his Wife Ann Verelst William Smith William Lushington party hereto Alexander Scott and Marthé Cornette Victoire De St. Cyr Scott every or any of them of in to or out of the same Premises every or any part or parcel thereof To have and to hold so much and such Part and parts of the said Plantation Pieces or Parcels of Land Me∫suages Buildings fixtures Negro and other Slaves live and dead Stock Plantation Utensils and Premises hereinbefore mentioned and intended to be hereby granted released and a∫signed with their and every of their Appurtenances as is are or be of the nature of Real Estate unto the said James Law his Heirs and A∫signs To the use of the said James Law his Heirs and A∫signs for ever And to have and to hold so much
and57
And such part or parts of the same premises with their Appurtenances as is are or be of the nature of Personal Estate unto the said James Law his Executors Administrators and A∫signs Nevertheles∫s on the Trusts and to and for the Intents and Purposes and with under and subject to the Proviso Provisoes and Declarations hereinafter mentioned expre∫sed and declared of and concerning the same that is to say Upon Trust to cultivate and manage the same Hereditaments and Premises and to supply this same with all nece∫sary Stores and to imploy such Agents Overseers Workman and other Persons about the same as may be nece∫sary and to receive the Rents I∫sues and Profits and sell and dispose of Ship and consign the Produce thereof to the best Advantage and by and out of the Rents Produce and Profits of the same Premises In the first place to retain all such costs Charges and dispenses as he or they shall or may sustained expend or be put on to in or about the managing and cultivating the same Premises and in the Purchasing of nece∫sary Stores for the same and for the Salaries and Wages of Overseers Servants and Workman about the same and in the collecting and disposing of the Rents and Produce thereof and keeping the same in a good and tenable condition and use in or about the preparing and the protecting? The represents or otherwise in the Execution of these Trusts hereby in him and them reposed And in the next place to retain a and discharge the said sum of two thousand two hundred and three Pounds four ∫hillings so secured to be paid to the said Ann Wordsworth as aforesaid and also all such sum and sums of money as he the said James Law his Heirs Executors or Administrators may be called upon to pay and actually paid for the said Charles Gore Philadelphia Gore and Catherine Gore or any of them their ^ or any of their Executors Administrators or A∫signs for or in respect of their said respective Annuities of hundred Pounds fifty Pounds and fifty Pounds on account of the said Bond of Indemnity executed by him and the said Patrick Crawford Bruce to the said Ann Wordsworth as aforesaid and also to retain pay and discharge all such sum and sums of Money costs charges and Expenses as he the said James Law his Heirs or A∫signs as Owners of the said to Plantations called Madeys and Belvidere Estates and the Slaves live and dead Stock thereon made pay their or sustained for or on account for in the Payment or discharge of any sum or sums of money for or in respect of any debt or debts due and owing by the said Michael Scott at the time of his Decease with the Interest thereof respectively or for or in respect of any legacy given by the Will of George Scott Esquire deceased with Interest thereof And in the next place to retain and pay the said Sum of ______________ so paid by him to the said James Law to the said Marthé Cornette Victoire De St. Cyr Scott in respect of the said yearly sum of five hundred Pounds agreed to be paid to her up to the said sixteenth day of October one thousand seven hundred and ninety-eight as aforesaid and upon Trust in the next place to pay to the said Marthé Cornette Victoire De St. Cyr Scott for her A∫signs during the rest of the said term of two Years to be computed up to the said sixteenth day of October one thousand seven hundred and ninety-eight so much as now remains payable of the same yearly sum of five hundred Pounds according to the said in part recited Articles of the seventeenth day of August One thousand seven hundred and ninety seven and from and after the said sixteenth day of October one thousand seven hundred and ninety-eight Upon Trust whilst said Island of Grenada shall continue in Peace
and58
And remain in the po∫se∫sion of the Kingdom of Great Britain and the the Crops and Produce of the said Plantation and Premises called the Boulogne Estates shall be received by him the said James Law his Heirs Executors Admons or his or their Agents and such net produce and crops shall yield the clear yearly sum of five hundred Pounds after defraying all the Island expenses And all sums of money that the said James Law hath already laid out and expended and which he is Heirs Executors or Admons may during the continuance of the Trusts hereby in him and them esposed? lay out and _____ in the nece∫sary supply of Stores with the interest thereof to pay or cause to be paid unto the said Marthé Cornette Victorie De St. Cyr Scott or her A∫signs during the term of her natural life the yearly sum of five hundred Pounds by Quarterly Payments according to the agreement in that behalf contained in the said in part recited Articles of the seventeenth day of August One thousand seven hundred and ninety seven And in case the said Marthé Cornette Victoire De St. Cyr Scott should die before the term of seven years in the said Articles mentioned then upon Trust to pay or cause to be paid unto the said Alexander Scott her Extors Admõns or A∫signs the said sum of all or some of five hundred Pounds per Annum towards the subsistence of himself and family for such time and in such manner as the same would have been paid to the said Marthé Cornette Victoire De St. Cyr Scott had she been then living And upon Trust in the next Place by and out of the rents i∫sues and Profits and Produce of the said Plantation Hereditaments and Premises herein before mentioned and intended to be hereby use and to retain and pay the interest henceforth to grow due in respect of the sum of thirty one thousand three hundred and fifteen Pounds one ∫hilling and three pence so due and owing as aforesaid and after satisfying such interest to retain the rest of such rents I∫sues profits and produce from time to time in reduction of the said sum of Thirty one thousand three hundred and fifteen Pounds one ∫hilling and three pence until the same shall be reduced to the sum of five thousand Pounds and as soon as the same shall be reduced to that sum then upon Trust by and out of the rents i∫sues and produce of the Plantation Hereditaments and Premises hereby released to pay to the said Marthé Cornette Victoire De St. Cyr Scott her Executors Administrators or A∫signs the said sum of One thousand five hundred Pounds due to her for the Arrears of her said Jointure of one thousand Pounds at the time of her entry into the said in part recited Agreement of the seventeenth day of August One thousand seven hundred and ninety-seven as after said and also so much money as may then be due to her in respect of the Arrears of one Mority of her said jointure of one thousand Pounds unpaid to her from the said six the day of October One thousand seven hundred ninety-six and after satisfying all such Arrears Upon Trust during the then remainder of the natural life of the said Marthé Cornette Victoire De St. Cyr Scott to pay out of the Rents I∫sues Profits and Produce of the said hereby released Premises said Marthé Cornette Victoire De St. Cyr Scott or her A∫signs the yearly sum of five hundred Pounds in Addition to the said yearly sum of five hundred Pounds hereinbefore directed to be paid to her as aforesaid to the intent ^ that she may thenceforth receive the whole of her said Jointure of one thousand Pounds and In Trust to return the residue of the rents i∫sues and Profits and Produce of the said hereby released Premises from time to time in reduction of the said sum of five Thousand Pounds so to be postponed until the Arrears of the said Jointure be satisfied as aforesaid and the interest thereof until the whole of the same sum of five thousand Pounds and
interest59
Interest shall be therewith be satisfied and discharged and subject to the several Trusts hereinbefore declared concerning the said Plantation Hereditaments and Premises hereinbefore mentioned and intended to be hereby released and subject to the payment of the ∫aid Portions or Legacies of four thousand Pounds a Piece bequeathed by the Will of the said Michael Scott to the said Mary Ann Scott Emma Scott Francis Scott and Robert Scott as aforesaid and also subject to the Proviso next hereinafter contained It is hereby declared that the said James Law his Heirs Executors Administrators and a∫signs shall stand seized and po∫se∫sed of and interested in all and singular the Hereditaments and Premises hereby released and a∫signed or expre∫sed so to be In trust for the said Alexander Scott his Heirs Executors Adminis trators and A∫signs forever And it is hereby declared and agreed by and between the said Parties to these Presents that when and as often as all and singular the disbursements costs charges and expenses which shall or may be laid out sustained or expended by the said James Law his Heirs Executors Administrators or A∫signs in exercise or execution of all or any of the trusts Powers or Authorities hereby _____ _____ shall be fully reimbursed and satisfied together with all other sum or sums of money which he or they shall pay or cause to be paid to said Ann Wordsworth Charles Gore Philadelphia core and Catherine Gore respectively or on account of the aforesaid Annuities or any of them or otherwise in respect or on amount of the Bond executed by the said James Law and Patrick Crawford Bruce to the said Ann Wordsworth as aforesaid and after the said Bond shall be released or canceled or the said Annuities determined and all arrears thereof discharged and after the Legacy or Portion given by the Will of the said Michael Scott to his said Son Robert shall be paid or when the said James Law is Heirs Executors Administrators and A∫signs _____ the said Estates called Madeys and Belvidere shall be released there from and after all such debts (if any) of the said Michael Scott as effect the said Estates called Madeys and Belvidere shall be discharged and after the said James Law his Heirs Extors Administrators and A∫signs shall be reimbursed all monies paid or advanced by him or them in respect thereof and after all arrears of the said Jointure of One thousand Pounds shall be discharged to the said Marthé Cornette Victoire De St. Cyr Scott and all advances of the said James Law his Heirs Executors Administrators or A∫signs in respect thereof reimbursed and after the whole the sum now due from the said Alexander Scott to the said James Law and all interest on the aforesaid Payments and advances shall be fully paid satisfied and discharged he the said James Law his Heirs Executors Administrators or A∫signs shall at the request costs and Charges of the said Alexander Scott his Heirs Executors Administrators or Assigns reconvey rea∫sign and rea∫sure all such part or parts of the Premises hereby released and a∫signed or expre∫sed so to be as shall not have been sold or disposed of under the Proviso next hereinafter contained unto and to the use of the said Alexander Scott his Heirs Executors Administrators or A∫signs here they shall direct or appoint for his and their non-absolute use and disposal free from all incumbrances to be done committed or wilfully suffered by the said James Law is Heirs Executors Administrators or A∫signs in the meantime Provided that if the several Costs Charges Expenses Sum and Sums of Money and Interest hereinbefore directed to be satisfied (except only the growing Payments for the time being of the said Jointure of one
thousand60
Thousand Pounds and of the said Annuities to the said Charles Gore Philadelphia Gore and Catherine Gore respectively after the arrears thereof shall be paid) shall not be satisfied and discharged by and out of the Rents I∫sues Profits and Produce of the said Plantation Hereditaments and Premises hereinbefore mentioned and intended to be hereby released or by the said Alexander Scott his Heirs Executors or Administrators on or before the seventeenth day of August which shall be in the Year of our Lord One thousand and eight hundred and for then and in such case it shall and may be lawful to and for the said James Law his Heirs Executors Admons or A∫signs from and after the said seventeenth day of August one thousand eight hundred and four to sell and dispose of the said Plantations heredits and Premises thereinbefore mentioned and intended to be hereby released and a∫signed or any part thereof either together or in parcels and by Public Sale or Private contract for such Price or Prices as can be reasonably had or gotten for the same and upon payment of the money arising by the Sale or sales thereof or of any part or parts thereof to sign and give proper receipts or receipts for the money for which the same shall be so sold which receipt or receipts of the said James Law his Heirs Executors Administrators or A∫signs shall be a sufficient discharge to such Purchaser or Purchasers for so much of the Purchase money as shall be therein expre∫sed or acknowledged to be received and such Purchaser or Purchasers his her or their Heirs Executors Administrators or A∫signs shall not afterwards be answerable or accountable for any lo∫s or misapplication of the said Purchase money so received or any part thereof and by and out of the money to arise by the sale of the aforesaid Premises or any part or parts thereof and out of the rents i∫sues profits and produce thereof after the same shall be calm saleable until the Sale thereof to retain to and reimburse himself and themselves all such Costs charges and expenses as he or they shall or may sustained expend or be put to in and about the making of such Sale or Sales and from and after payment and satisfaction thereof Upon Trust to retain pay satisfy and discharge such and so much of the said several costs charges expenses ^ sum and sums of money and Interest hereinbefore directed to be paid satisfied and discharged out of the rents i∫sues profits and Produce of the said hereby released Premises except the growing Payments of the said Jointure of One thousand Pounds from and after the said seventeenth day of August one thousand eight hundred and four as shall then remain unsatisfied and on discharged and in the same order course and priority in Payment as hereinbefore mentioned and directed concerning the Payment of the same and upon Trust to place out or best so much of the money to arise from this Sale or Sales hereinbefore directed to be made and from the rents i∫sues profits and Produce of the said hereby released Premises after the same shall become saleable until the sales thereof shall be completed as will be sufficient to secure the Payment of the said Jointure of one thousand Pounds in the name or names of him the said James Law his Executors Adminis trators or A∫signs in or upon Government or Real Securities at Interest and upon Trust by and out of the Interest Dividends and yearly proceeds of the money so to be placed out at Interest or by calling in and disposing of a sufficient part of the principal such money in case the interest thereof shall be insufficient to paid to the said Marthé Cornette Victoire De St. Cyr Scott or her A∫signs during the remainder of her life after the said seventeenth day of August One thousand
Eight
Two more Parts of six to go. I certainly appreciate the comments, thoughts, and questions.
Enjoy,
Jim
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