[George Washington: Farmer by Paul Leland Haworth]@TWC D-Link book
George Washington: Farmer

CHAPTER XVI
6/13

Included in some of these entries, particularly the earlier ones, are payments of interest and principal on his wife's share of the Custis estate.

Of the later ones, that for 1786--a bad farming year--includes rentals on more than a score of parcels of land amounting to L282.15, L25 rental on his fishery, payments for flour, stud fees, etc.
Upon the average, therefore, I am inclined to believe that his annual receipts were roughly in the neighborhood of ten thousand dollars to fifteen thousand dollars a year from his estate.
As regards Mount Vernon alone, he sometimes made estimates of what the crop returns ought to be; in other words, counted his chickens before they were hatched.

Thus in 1789 he drew up alternative plans and estimated that one of these, if adopted, ought to produce crops worth a gross of L3,091, another L3,831, and a third L4,449, but that from these sums L1,357, L1,394 and L1,445 respectively would have to be deducted for seed, food for man and beasts, and other expenses.
A much better idea of the financial returns from his home estate can be obtained from his actual balances of gain and loss.

One of these, namely for 1798, which was a poor year, was as follows: BALANCE OF GAIN AND LOSS, 1798 DR.

GAINED CR.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books