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Updated: May 11, 2025
James possessed estates in the north and in the west of England, besides a whole province in Ireland. In London there were a very handsome square and several streets, all made of bricks, which brought him in yearly more cash than all the palaces of Vicenza are worth in fee-simple, with those of the Grand Canal of Venice to boot.
In two respects they implored relief from the Trustees; they desired a fee-simple or free title to their lands, and liberty to import negroes under certain limitations, without which they declared they had neither encouragement to labour, nor ability to provide for their posterity.
I mention it because it was something new in Richard. He spoke of the land; he attacked the old monopoly, and visioned a time when a claim to individual ownerships of the earth's surface would be as ludicrous as were now the assertion of title to a fee-simple somewhere in the moon.
As for the liberty I have thought fit to take of praising myself, upon some occasions or none, I am sure it will need no excuse if a multitude of great examples be allowed sufficient authority; for it is here to be noted that praise was originally a pension paid by the world, but the moderns, finding the trouble and charge too great in collecting it, have lately bought out the fee-simple, since which time the right of presentation is wholly in ourselves.
"There is a good deal of it done, notwithstanding, in America. It is merely including within your own possession, adjacent land for which no claimant appears. What can I do? No owners are to be found; and then my mortgage is always a title. A possession of twenty years under a mortgage is as good as a deed in fee-simple, with full covenants of warranty, barring minors and femmes covert."
In his cleverness lest the inadequate purchase-money should upset his bargain he omitted the usual covenant guaranteeing the vendor's title to sell the fee-simple, and recited, moreover, that, grave doubts existing on the point, it was agreed that the sum paid should not exceed twelve years' purchase.
Persons seized in fee-simple of land holden of the king by knight's service may give or devise two thirds thereof, and of his other lands, except corporation, such two thirds to be ascertained by the divisor or by commission out of the Court of Ward and Liveries.
So Sir Condy was fain to take the purchase-money of the Lodge from my son Jason to settle matters; and sure enough it was a good bargain for both parties, for my son bought the fee-simple of a good house for him and his heirs for ever, for little or nothing, and by selling of it for that same my master saved himself from a gaol.
According to the principle that vast tracts: of the earth's surface, with the human beings feeding upon: them, were transferable in fee-simple from one man or woman to another by marriage, inheritance, or gift, a heterogeneous collection of kingdoms, principalities, provinces, and: wildernesses had been consolidated, without geographical continuity, into an artificial union the populations differing from each other as much as human beings can differ, in race, language, institutions, and historical traditions, and resembling each other in little, save in being the property alike of the same fortunate individual.
This proposal was most favourable, as I obtained the advantage of a fee-simple purchase without having to sink capital in the land. All that I had to provide for was the annual rent. My next step in this important affair was to submit the proposal to the judgment of my excellent friend Edward Lloyd, the banker.
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