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                  <text>Florida Land Colonization Company Collection</text>
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                  <text>FLCC Collection</text>
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                  <text>Sanford, Henry Shelton, 1823-1891</text>
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                  <text>Sanford (Fla.)</text>
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                  <text>Mackinnon, William, 1823-1893</text>
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                  <text>Polk County (Fla.)</text>
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                <elementText elementTextId="459666">
                  <text>Sumter County (Fla.)</text>
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                  <text>Hernando County (Fla.)</text>
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                  <text>Brevard County (Fla.)</text>
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                  <text>Volusia County (Fla.)</text>
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                  <text>Manayunk (Philadelphia, Pa.)</text>
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              <name>Is Part Of</name>
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                  <text>&lt;a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/107" target="_blank"&gt;William MacKinnon Collection&lt;/a&gt;, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.</text>
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                  <text>Sanford, Florida</text>
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                  <text>Manayunk Bank, Manayunk, Philadelphia, Pennsylvania</text>
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                  <text>New York City, New York</text>
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                  <text>Washington, D.C.</text>
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                <elementText elementTextId="459680">
                  <text>Brussels, Belgium</text>
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                <elementText elementTextId="459681">
                  <text>Gingelom, Belgium</text>
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                <elementText elementTextId="459682">
                  <text>Hombourg, Belgium</text>
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                  <text>Berlin, Germany</text>
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                  <text>Florida Land and Colonization Company, London, England, United Kingdom</text>
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              <name>Curator</name>
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                  <text>Cepero, Laura</text>
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                <elementText elementTextId="511653">
                  <text>Fedorka, Drew M.</text>
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              <name>Digital Collection</name>
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                <elementText elementTextId="459694">
                  <text>&lt;a href="https://richesmi.cah.ucf.edu/map/" target="_blank"&gt;RICHES MI&lt;/a&gt;</text>
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                <elementText elementTextId="459695">
                  <text>General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
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              <name>External Reference</name>
              <description/>
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                  <text>&lt;span&gt;Fry, Joseph A. &lt;/span&gt;&lt;a href="http://www.worldcat.org/oclc/8475473" target="_blank"&gt;&lt;em&gt;Henry S. Sanford: Diplomacy and Business in Nineteenth-Century America&lt;/em&gt;&lt;/a&gt;&lt;span&gt;. Reno, NV: University of Nevada Press, 1982.&lt;/span&gt;</text>
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                  <text>Tischendorf, Alfred P. "&lt;a href="http://www.worldcat.org/oclc/35894049" target="_blank"&gt;Florida and the British Investor: 1880-1914&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 33, no. 2 (Oct. 1954): 120-129.</text>
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                  <text>Amundson, Richard J. "&lt;a href="http://www.worldcat.org/oclc/4894931414" target="_blank"&gt;The Florida Land and Colonization Company&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 44, no. 3 (Jan. 1966): 153-168.</text>
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                  <text>Munro, J. Forbes. &lt;a href="http://www.worldcat.org/oclc/57653564"&gt;&lt;em&gt;Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893&lt;/em&gt;&lt;/a&gt;. Rochester, NY: Boydell Press, 2003.</text>
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                <elementText elementTextId="459700">
                  <text>Kendall, John S. &lt;a href="http://www.worldcat.org/oclc/1836396" target="_blank"&gt;&lt;em&gt;History of New Orleans&lt;/em&gt;&lt;/a&gt;. Chicago: Lewis Publishing Company, 1922.</text>
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                  <text>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.&lt;br /&gt;&lt;br /&gt;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. &lt;br /&gt;&lt;br /&gt;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.</text>
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              <name>Contributor</name>
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                  <text>&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
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              <name>Provenance</name>
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                <elementText elementTextId="511649">
                  <text>&lt;span&gt;Collection dontated to the &lt;/span&gt;&lt;a href="http://www.chs.org/" target="_blank"&gt;Connecticut Historical Society&lt;/a&gt;&lt;span&gt; after 1901.&lt;/span&gt;</text>
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                  <text>&lt;span&gt;Collection loaned to the &lt;/span&gt;&lt;a href="http://www.tn.gov/tsla/" target="_blank"&gt;Tennessee State Library and Archives&lt;/a&gt;&lt;span&gt; for processing until June 1, 1960.&lt;/span&gt;</text>
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                <elementText elementTextId="511651">
                  <text>&lt;span&gt;Collection acquired by the General Henry S. Sanford Memorial Library, &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; in 1960.&lt;/span&gt;</text>
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              <name>Rights Holder</name>
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                  <text>&lt;span&gt;The displayed collection items are housed at the General Henry S. Sanford Memorial Library, &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; in Sanford, Florida. Rights to these items belong to the said institution, and therefore inquiries about items should be directed there. &lt;/span&gt;&lt;a href="http://riches.cah.ucf.edu/" target="_blank"&gt;RICHES of Central Florida&lt;/a&gt;&lt;span&gt; has obtained permission from the &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; to display this item for educational purposes only.&lt;/span&gt;</text>
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              <elementText elementTextId="462158">
                <text>Letter from A. W. Macfarlane to Henry Shelton Sanford (December 23, 1884)</text>
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                <text>Letter from Macfarlane to Sanford (December 23, 1884)</text>
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                <text> Sanford, Henry Shelton, 1823-1891</text>
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              <elementText elementTextId="462161">
                <text> Investments, British--United States</text>
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                <text> Sanford (Fla.)</text>
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                <text>A letter from A. W. Macfarlane to Henry Shelton Sanford dated December 23, 1884. Macfarlane was the secretary for the Florida Land and Colonization Company (FLCC) from 1884 until its dissolution in 1892. Presumably, he worked in the company's main office, located at 13 Austin Friars in the business district of London, United Kingdom. In this letter, Macfarlane described in detail the minutes of the board of directors meeting held the day prior. In discussing the various topics of importance, Macfarlane conveyed the strained relationship between the board of directors and Henry Sanford. In particular, the letter illustrated the mutual misunderstandings and differences of opinion held by Sanford and the London-based investors. On page two, when discussing the financial state of the company, Macfarlane noted that "the Directors desire me to express their regret that you have not indicated to them some practical means of raising money to meet the above requirements [and] the Debentures shortly falling due." The letter reflected the board's lack of trust in the financial strategies advocated by Sanford. &lt;br /&gt;&lt;br /&gt;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.&lt;br /&gt;&lt;br /&gt;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. &lt;br /&gt;&lt;br /&gt;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.</text>
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              <elementText elementTextId="462167">
                <text>Original letter from A. W. Macfarlane to Henry Shelton Sanford, December 23, 1884: box 54, folder 1, subfolder 1.4, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;, Sanford, Florida.</text>
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            <name>Requires</name>
            <description/>
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            <name>Is Part Of</name>
            <description/>
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              <elementText elementTextId="462169">
                <text>Box 54, folder 1, subfolder 1.4, Henry Shelton Sanford Papers, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;, Sanford, Florida.</text>
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                <text>&lt;a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/98" target="_blank"&gt;Florida Land Colonization Company Collection&lt;/a&gt;, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.</text>
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            <name>Is Format Of</name>
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                <text>Digital reproduction of original letter from A. W. Macfarlane to Henry Shelton Sanford, December 23, 1884.</text>
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            <name>Coverage</name>
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              <elementText elementTextId="462175">
                <text>Florida Land and Colonization Company, London, England, United Kingdom</text>
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                <text> Gingelom, Belgium</text>
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            <name>Creator</name>
            <description/>
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              <elementText elementTextId="462177">
                <text>Macfarlane, A. W. </text>
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            <description/>
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              <elementText elementTextId="462178">
                <text>1884-12-23</text>
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            <description/>
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            <description/>
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            <description/>
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              <elementText elementTextId="462183">
                <text>History Teacher</text>
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                <text> Economics Teacher</text>
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          <element elementId="124">
            <name>Provenance</name>
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              <elementText elementTextId="462195">
                <text>Originally created by A. W. Macfarlane.</text>
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              <elementText elementTextId="462196">
                <text>Donated to the &lt;a href="http://www.chs.org/" target="_blank"&gt;Connecticut Historical Society&lt;/a&gt; after 1901.</text>
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              <elementText elementTextId="462197">
                <text>Loaned to the &lt;a href="http://www.tn.gov/tsla/" target="_blank"&gt;Tennessee State Library and Archives&lt;/a&gt; for processing until June 1, 1960.</text>
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              <elementText elementTextId="462198">
                <text>Acquired by the General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; in 1960.</text>
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          <element elementId="125">
            <name>Rights Holder</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462199">
                <text>The displayed collection item is housed at the General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; 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 &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; to display this item for educational purposes only.</text>
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            <name>Curator</name>
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                <text>Fedorka, Drew M. </text>
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              <elementText elementTextId="462207">
                <text>&lt;a href="https://richesmi.cah.ucf.edu/map/" target="_blank"&gt;RICHES MI&lt;/a&gt;</text>
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              <elementText elementTextId="462208">
                <text>General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
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            <description/>
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                <text>Fry, Joseph A. &lt;a href="http://www.worldcat.org/oclc/8475473" target="_blank"&gt;&lt;em&gt;Diplomacy and Business in Nineteenth-Century America&lt;/em&gt;&lt;/a&gt;. Reno, NV: University of Nevada Press, 1982.</text>
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                <text>Amundson, Richard J. &lt;a href="http://www.worldcat.org/oclc/5544058697" target="_blank"&gt;"The Florida Land and Colonization Company&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 44, no. 3 (Jan. 1966): 153-168.</text>
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                <text>Munro, J. Forbes. &lt;a href="http://www.worldcat.org/oclc/57653564"&gt;&lt;em&gt;Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893&lt;/em&gt;&lt;/a&gt;. Rochester, NY: Boydell Press, 2003.</text>
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                  <text>&lt;a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/107" target="_blank"&gt;William MacKinnon Collection&lt;/a&gt;, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.</text>
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                  <text>&lt;a href="https://richesmi.cah.ucf.edu/map/" target="_blank"&gt;RICHES MI&lt;/a&gt;</text>
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                  <text>General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
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                  <text>&lt;span&gt;Fry, Joseph A. &lt;/span&gt;&lt;a href="http://www.worldcat.org/oclc/8475473" target="_blank"&gt;&lt;em&gt;Henry S. Sanford: Diplomacy and Business in Nineteenth-Century America&lt;/em&gt;&lt;/a&gt;&lt;span&gt;. Reno, NV: University of Nevada Press, 1982.&lt;/span&gt;</text>
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                  <text>Tischendorf, Alfred P. "&lt;a href="http://www.worldcat.org/oclc/35894049" target="_blank"&gt;Florida and the British Investor: 1880-1914&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 33, no. 2 (Oct. 1954): 120-129.</text>
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                  <text>Amundson, Richard J. "&lt;a href="http://www.worldcat.org/oclc/4894931414" target="_blank"&gt;The Florida Land and Colonization Company&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 44, no. 3 (Jan. 1966): 153-168.</text>
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                <elementText elementTextId="459699">
                  <text>Munro, J. Forbes. &lt;a href="http://www.worldcat.org/oclc/57653564"&gt;&lt;em&gt;Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893&lt;/em&gt;&lt;/a&gt;. Rochester, NY: Boydell Press, 2003.</text>
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                <elementText elementTextId="459700">
                  <text>Kendall, John S. &lt;a href="http://www.worldcat.org/oclc/1836396" target="_blank"&gt;&lt;em&gt;History of New Orleans&lt;/em&gt;&lt;/a&gt;. Chicago: Lewis Publishing Company, 1922.</text>
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                  <text>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.&lt;br /&gt;&lt;br /&gt;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. &lt;br /&gt;&lt;br /&gt;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.</text>
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                  <text>&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
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              <name>Provenance</name>
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                  <text>&lt;span&gt;Collection dontated to the &lt;/span&gt;&lt;a href="http://www.chs.org/" target="_blank"&gt;Connecticut Historical Society&lt;/a&gt;&lt;span&gt; after 1901.&lt;/span&gt;</text>
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                <elementText elementTextId="511650">
                  <text>&lt;span&gt;Collection loaned to the &lt;/span&gt;&lt;a href="http://www.tn.gov/tsla/" target="_blank"&gt;Tennessee State Library and Archives&lt;/a&gt;&lt;span&gt; for processing until June 1, 1960.&lt;/span&gt;</text>
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                <elementText elementTextId="511651">
                  <text>&lt;span&gt;Collection acquired by the General Henry S. Sanford Memorial Library, &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; in 1960.&lt;/span&gt;</text>
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                  <text>&lt;span&gt;The displayed collection items are housed at the General Henry S. Sanford Memorial Library, &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; in Sanford, Florida. Rights to these items belong to the said institution, and therefore inquiries about items should be directed there. &lt;/span&gt;&lt;a href="http://riches.cah.ucf.edu/" target="_blank"&gt;RICHES of Central Florida&lt;/a&gt;&lt;span&gt; has obtained permission from the &lt;/span&gt;&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;&lt;span&gt; to display this item for educational purposes only.&lt;/span&gt;</text>
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                <text>Letter from A. W. Macfarlane to Henry Shelton Sanford (October 3, 1884)</text>
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                <text> Sumter County (Fla.)</text>
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                <text>A letter from A. W. Macfarlane to Henry Shelton Sanford dated October 3, 1884. Macfarlane was the secretary for the Florida Land and Colonization Company (FLCC) from 1884 until its dissolution in 1892. Presumably, he worked in the company's main office, located at 13 Austin Friars in the business district of London, United Kingdom. In this letter, Macfarlane discussed the minutes from the previous meeting of the board of directors. Sanford, staying in Belgium at the time, was unable to attend. Perhaps the most important board decision, conveyed by Macfarlane, was the transfer of the power to sign deeds. The board decided that it was in the company's best interest to transfer this power from Henry Sanford to E. R. Trafford and William Beardall. Trafford was the company's agent based in Sanford, Florida, while Beardall was sent to Sanford from London to serve as the Assistant Manager in the FLCC's Sanford office. The action, taken by the board, reflected the strained relations between Henry Sanford and his London-based partners. It represented an effort to limit the powers and influence of Henry Sanford in company decision-making and instead to reallocate these powers to two company-appointed agents. &lt;br /&gt;&lt;br /&gt;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.&lt;br /&gt;&lt;br /&gt;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. &lt;br /&gt;&lt;br /&gt;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.</text>
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                <text>Original letter from A. W. Macfarlane to Henry Shelton Sanford, October 3, 1884: box 54, folder 1, subfolder 1.3, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;, Sanford, Florida.</text>
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                <text>Box 54, folder 1, subfolder 1.3, Henry Shelton Sanford Papers, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;, Sanford, Florida..</text>
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                <text>&lt;a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/98" target="_blank"&gt;Florida Land Colonization Company Collection&lt;/a&gt;, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.</text>
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            <name>Provenance</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462136">
                <text>Originally created by A. W. Macfarlane.</text>
              </elementText>
              <elementText elementTextId="462137">
                <text>Donated to the &lt;a href="http://www.chs.org/" target="_blank"&gt;Connecticut Historical Society&lt;/a&gt; after 1901.</text>
              </elementText>
              <elementText elementTextId="462138">
                <text>Loaned to the &lt;a href="http://www.tn.gov/tsla/" target="_blank"&gt;Tennessee State Library and Archives&lt;/a&gt; for processing until June 1, 1960.</text>
              </elementText>
              <elementText elementTextId="462139">
                <text>Acquired by the General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; in 1960.</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="125">
            <name>Rights Holder</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462140">
                <text>The displayed collection item is housed at the General Henry S. Sanford Memorial Library, &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; 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 &lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt; to display this item for educational purposes only.</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="117">
            <name>Accrual Method</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462141">
                <text>Donation</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="133">
            <name>Curator</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462147">
                <text>Fedorka, Drew M. </text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="134">
            <name>Digital Collection</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462148">
                <text>&lt;a href="https://richesmi.cah.ucf.edu/map/" target="_blank"&gt;RICHES MI&lt;/a&gt;</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="135">
            <name>Source Repository</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462149">
                <text>&lt;a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank"&gt;Sanford Museum&lt;/a&gt;</text>
              </elementText>
            </elementTextContainer>
          </element>
          <element elementId="136">
            <name>External Reference</name>
            <description/>
            <elementTextContainer>
              <elementText elementTextId="462150">
                <text>Fry, Joseph A. &lt;a href="http://www.worldcat.org/oclc/8475473" target="_blank"&gt;&lt;em&gt;Diplomacy and Business in Nineteenth-Century America&lt;/em&gt;&lt;/a&gt;. Reno, NV: University of Nevada Press, 1982.</text>
              </elementText>
              <elementText elementTextId="462151">
                <text>Tischendorf, Alfred P. "&lt;a href="http://www.worldcat.org/oclc/35894049" target="_blank"&gt;Florida and the British Investor: 1880-1914&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 33, no. 2 (Oct. 1954): 120-129.</text>
              </elementText>
              <elementText elementTextId="462152">
                <text>Amundson, Richard J. &lt;a href="http://www.worldcat.org/oclc/5544058697" target="_blank"&gt;"The Florida Land and Colonization Company&lt;/a&gt;." &lt;em&gt;Florida Historical Quarterly&lt;/em&gt; 44, no. 3 (Jan. 1966): 153-168.</text>
              </elementText>
              <elementText elementTextId="462153">
                <text>Munro, J. Forbes. &lt;a href="http://www.worldcat.org/oclc/57653564"&gt;&lt;em&gt;Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893&lt;/em&gt;&lt;/a&gt;. Rochester, NY: Boydell Press, 2003.</text>
              </elementText>
            </elementTextContainer>
          </element>
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        <name>board meeting</name>
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        <name>board of directors</name>
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        <name>Brevard County</name>
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        <name>deed</name>
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        <name>Florida Land and Colonization Company</name>
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        <name>Gingelom, Belgium</name>
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        <name>Hernando County</name>
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        <name>investment</name>
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        <name>Macfarlane, A. W.</name>
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        <name>Polk County</name>
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        <name>Sanford</name>
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        <name>Sanford, Henry Shelton</name>
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        <name>Sumter County</name>
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        <name>Trafford, E. R.</name>
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