Washington: A. & G. Way, 1804. , 7, [1 blank], , 109, [1 blank] pp. Bound in attractive modern two-toned cloth. Each of the title pages has a numerical rubberstamp in blank portion. Untrimmed, scattered light soil, one tape repair at pages 107-108 [no text affected]. Good+.
This Yazoo document defends the claims of the New England Mississippi Land Company to the Yazoo lands. In the late 18th century Georgia granted four land companies-- including the New England Mississippi Land Company-- the right to buy 35,000,000 acres of land in what later became Mississippi and Alabama, for a half million dollars. The Companies envisioned reselling the land for enormous profits, and they bribed virtually the entire Georgia legislature. The land that was up for grabs became known as the "Yazoo lands," after the river that flowed through the region. Despite the obvious frauds the Yazoo Act, signed by Georgia Governor Mathews, accomplished this result in January 1795. In response to continued opposition to the act in Georgia, a Rescinding Act was passed, and an amendment to the Georgia Constitution purported to render the grants void. But the Companies had made many sales of the lands to settlers and speculators. The Companies and their purchasers disputed Georgia's rescission. In 1810, after many years of litigation, the U.S. Supreme Court upheld them in Fletcher v. Peck, the landmark case construing the Constitution's prohibition on a State's impairment of the obligations of a contract.
Cohen 14815. 167 Eberstadt 217. DeRenne 320. Item #35452