1 100 1 https://richesmi.cah.ucf.edu/omeka/files/original/9bc8246bc28f7bb107c4180e1be72e05.jpg 3d24138faf96cd2d3396313a32c3712c Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title Florida Land Colonization Company Collection Alternative Title FLCC Collection Subject Sanford, Henry Shelton, 1823-1891 Sanford (Fla.) Mackinnon, William, 1823-1893 Polk County (Fla.) Sumter County (Fla.) Hernando County (Fla.) Brevard County (Fla.) Volusia County (Fla.) Manayunk (Philadelphia, Pa.) Is Part Of <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/107" target="_blank">William MacKinnon Collection</a>, Henry Shelton Sanford Papers Collection, RICHES of Central Florida. Language eng Type Collection Coverage Sanford, Florida Manayunk Bank, Manayunk, Philadelphia, Pennsylvania New York City, New York Washington, D.C. Brussels, Belgium Gingelom, Belgium Hombourg, Belgium Berlin, Germany Florida Land and Colonization Company, London, England, United Kingdom Curator Cepero, Laura Fedorka, Drew M. Digital Collection <a href="https://richesmi.cah.ucf.edu/map/" target="_blank">RICHES MI</a> Source Repository General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> External Reference Fry, Joseph A. <a href="http://www.worldcat.org/oclc/8475473" target="_blank">Henry S. Sanford: Diplomacy and Business in Nineteenth-Century America</a>. Reno, NV: University of Nevada Press, 1982. Tischendorf, Alfred P. "<a href="http://www.worldcat.org/oclc/35894049" target="_blank">Florida and the British Investor: 1880-1914</a>." Florida Historical Quarterly 33, no. 2 (Oct. 1954): 120-129. Amundson, Richard J. "<a href="http://www.worldcat.org/oclc/4894931414" target="_blank">The Florida Land and Colonization Company</a>." Florida Historical Quarterly 44, no. 3 (Jan. 1966): 153-168. Munro, J. Forbes. <a href="http://www.worldcat.org/oclc/57653564">Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893</a>. Rochester, NY: Boydell Press, 2003. Kendall, John S. <a href="http://www.worldcat.org/oclc/1836396" target="_blank">History of New Orleans</a>. Chicago: Lewis Publishing Company, 1922. Description The Florida Land and Colonization Company (FLCC) was a joint-stock venture that invested in Florida land development and sales in the 1880s and early 1890s. The company was formed by Henry Shelton Sanford (1823-1891) with help from a group of British investors. The original impetus for the company's formation was Sanford's inability to continue his land acquisition and development efforts in Florida independently. In 1879, faced with financial difficulties, Sanford turned to a trusted associate in the United Kingdom, a Scottish industrialist named Sir William Mackinnon (1823-1893), to help him attract investors. The formation of the company was in large part due to the efforts of MacKinnon, whose reputation and influence helped bring investors on board. Located at 13 Austin Friars, the company was officially registered in London on June 10, 1880. With the formation of the FLCC, all of Henry Sanford's Florida properties were transferred to the company in exchange for a £10,000 cash payment and another £50,000 in company stock. The one-time cash payment was a needed reprieve for Sanford, who faced financial difficulties by the end of the 1870s. The board of directors included Mackinnon, as well as W. C. Gray and Edwyn Sandys Dawes, partners in Gray-Dawes and Company, a London-based banking and investment house. Other directors included Alexander Fraser, Anthony Norris, George A. Thomson, and Eli Lee. Sanford was named President and Chairman of the Board. In 1880, the company owned 26,000 acres scattered across Florida, including in the cities of Jacksonville, St. Augustine, and Sanford, as well as in Alachua County and Marion County. Almost from the outset, there was serious friction between the British board members and Henry Sanford. Disagreements erupted over business strategy, as Sanford frequently proposed initiatives deemed too bold for the cautious British investors. From 1882 to 1892, the company saw steady, if meager, profits. Most of its income came from the sale of lots in the city of Sanford. From 1885 until 1890, the company, while remaining solvent, continued to see declining profits. From 1886 to 1890, the profits were so modest that the company declined to pay dividends on its yearly profits. Needed improvements and developments in the city of Sanford during the late 1880s sapped much of the company's income. Following Henry Sanford's death in 1891, many of the investors lost the motivation to continue. On September 15, 1892, the various directors acted to dissolve the company. Its assets, including roughly 65,000 acres of Florida land, were divided among shareholders. Contributor <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> Provenance Collection dontated to the <a href="http://www.chs.org/" target="_blank">Connecticut Historical Society</a> after 1901. Collection loaned to the <a href="http://www.tn.gov/tsla/" target="_blank">Tennessee State Library and Archives</a> for processing until June 1, 1960. Collection acquired by the General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> in 1960. Rights Holder The displayed collection items are housed at the General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> in Sanford, Florida. Rights to these items belong to the said institution, and therefore inquiries about items should be directed there. <a href="http://riches.cah.ucf.edu/" target="_blank">RICHES of Central Florida</a> has obtained permission from the <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> to display this item for educational purposes only. Document A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title Letter from E. R. Trafford to Henry Shelton Sanford (April 17, 1884) Alternative Title Letter from Trafford to Sanford (Apr. 17, 1884) Subject Polk County (Fla.) Real estate--Florida Description A letter from E. R. Trafford to Henry Shelton Sanford, dated April 17, 1884. In the letter, Trafford informed Sanford that he had acquired a "suitable form of deed for the transfer of the MacKinnon lands to the trustees." He added that the lands had not yet been deeded but that some sales were anticipated soon. Though the exact location of the MacKinnon lands is unknown, it is known that they were in Polk County and accessible by the South Florida Railroad. Trafford was a company agent for the Florida Land and Colonization Company (FLCC) from 1882 to 1886. He served as the company’s local representative, managing the company office in Sanford, Florida. He was selected by the board of the FLCC, despite resistance from the President and Chairman of the Board, Henry Shelton Sanford. Unlike his predecessor, James Ingraham, Trafford provided Henry Sanford with little confidential, first-hand information about events in Florida. As a result, Sanford regularly advocated for Trafford’s replacement. However, the company’s other board members, distrustful of Henry Sanford’s business acumen, retained Trafford precisely because his first loyalties remained with the company in London and not Henry Sanford. His tenure as FLCC agent is reflective of the often tense relationship between Henry Sanford and his fellow board members as well as the increasingly limited influence Sanford had in company affairs. The FLCC was a joint-stock venture that invested in Florida land development and sales in the 1880s and early 1890s. The company was formed by Henry Shelton Sanford with help from a group of British investors. Located at 13 Austin Friars in London, the company was officially registered in London on June 10, 1880. With the formation of the FLCC, all of Henry Sanford's Florida properties were transferred to the company in exchange for a ₤10,000 cash payment and another ₤50,000 in company stock. Sanford was named President and Chairman of the Board. In 1880, the company owned 26,000 acres scattered across Florida, including in the cities of Jacksonville, St. Augustine, and Sanford, as well as in Alachua and Marion counties. Almost from the outset, there was serious friction between the British board members and Henry Sanford. Disagreements erupted over business strategy, as Sanford frequently proposed initiatives deemed too bold for the cautious British investors. As a result of consistently meager profits from its inception, following Henry Sanford's death in 1891 many of the investors lost the motivation to continue. On September 15, 1892, the various directors acted to dissolve the company. Its assets, including roughly 65,000 acres of Florida land, were divided among shareholders. Type Text Source Original letter from E. R. Trafford to Henry Shelton Sanford, April 17, 1884: box 54, folder 18, subfolder 54.18.27, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a>, Sanford, Florida. Is Part Of Box 54, Folder 18, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a>, Sanford, Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/98" target="_blank">Florida Land Colonization Company Collection</a>, Henry Shelton Sanford Papers Collection, RICHES of Central Florida. Is Format Of Digital reproduction of original letter from E. R. Trafford to Henry Shelton Sanford, April 17, 1884. Coverage Florida Land and Colonization Company Office, Sanford, Florida Polk County, Florida Creator Trafford, E. R. Date Created 1884-04-17 Format image/jpg Extent 183 KB Medium 1-page handwritten letter Language eng Mediator History Teacher Economics Teacher Provenance Originally created by E. R. Trafford. Donated to the <a href="http://www.chs.org/" target="_blank">Connecticut Historical Society</a> after 1901. Loaned to the <a href="http://www.tn.gov/tsla/" target="_blank">Tennessee State Library and Archives</a> for processing until June 1, 1960. Donated to the General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> in 1960. Rights Holder The displayed collection item is housed at the General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> in Sanford, Florida. Rights to this item belong to the said institution, and therefore inquiries about the item should be directed there. RICHES of Central Florida has obtained permission from the <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> to display this item for educational purposes only. Accrual Method Donation Curator Fedorka, Drew M. Digital Collection <a href="https://richesmi.cah.ucf.edu/map/" target="_blank">RICHES MI</a> Source Repository General Henry S. Sanford Memorial Library, <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> External Reference Fry, Joseph A. <a href="http://www.worldcat.org/oclc/8475473" target="_blank">Diplomacy and Business in Nineteenth-Century America</a>. Reno, NV: University of Nevada Press, 1982. Munro, J. Forbes. <a href="http://www.worldcat.org/oclc/57653564">Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893</a>. Rochester, NY: E. R. Trafford FLCC Florida Land and Colonization Company Henry Shelton Sanford investments MacKinnon Lands Polk County real estate