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Story August 25, 1837

The Daily Herald

New Haven, New Haven County, Connecticut

What is this article about?

An 84-year-old wealthy, childless man in Jamaica lives with his wife and six free negro followers, insists on coin transactions, lends at exactly 5% interest, and exemplifies fairness by overpaying for a cow when it exceeded expectations.

Clipping

OCR Quality

95% Excellent

Full Text

Usurers look at this.—At Jamaica, says a correspondent of the N. Y. Times, lives a man who is upwards of eighty years of age, and original in his character. He is wealthy and childless; his wife and six attached negro followers, not slaves, sit with him at the same table. He is shrewd in his dealings, and prospers; he recognizes no "currency" but coin—will receive and pay nothing else. The last land sale at Jamaica was made by him—nine acres, at $1000 the acre, one half down, on delivering the deed. He required this to be paid in specie—which, as he had always done, he lent on mortgage at five per cent. He never takes more, declaring that to be all the use of money is worth. He refuses more. He has now 50,000 or 60,000 lent on mortgage at that rate. A few months ago he bought a cow of a neighbor for $27 50. A week or two afterward, he came to the seller and said that the animal was better than she had been represented to be; that it was his way to do, as to require justice in all his dealings; and he tendered the seller $2.50 more. It was refused of course, but the old man left the money among the children. These are but specimens of countless similar tales related of him. His frame bends under the weight of 84 years, but his health is unbroken, and his spirits are good; he totters under a green old age, down the hill of life; and if conscientious observance of his rules of right, can soften the pillow or ensure calm slumbers, that old man must have serene nights.

What will our money lenders think of a man who refuses more than five per cent.?

What sub-type of article is it?

Biography Curiosity

What themes does it cover?

Moral Virtue Justice

What keywords are associated?

Usury Integrity Five Percent Interest Coin Transactions Fair Dealing Elderly Man Jamaica

What entities or persons were involved?

The Old Man

Where did it happen?

Jamaica

Story Details

Key Persons

The Old Man

Location

Jamaica

Story Details

An elderly wealthy man in Jamaica deals only in coin, lends money at exactly five percent interest, sold land for specie which he then mortgaged, and voluntarily overpaid a neighbor for a superior cow, exemplifying strict fairness and integrity in all transactions.

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