1 100 3 https://richesmi.cah.ucf.edu/omeka/files/original/44038056af022fd745346e9b0536581a.jpg 08e946fceb6eeb34bd633294f1540949 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 Sanford Collection Description The present-day Sanford area was originally inhabited by the Mayaca/Joroco natives by the time Europeans arrived. The tribe was decimated by war and disease by 1760 and was replaced by the Seminole Indians. In 1821, the United States acquired Florida from Spain and Americans began to settled in the state. Camp Monroe was established in the mid-1830s to defend the area against Seminoles during the Seminole Wars. In 1836, the United States Army built a road (present-day Mellonville Avenue) to a location called "Camp Monroe," during the Second Seminole War. Following an attack on February 8, 1837, the camp was renamed "Fort Mellon," in honor of the battle's only American casualty, Captain Charles Mellon. The town of Mellonville was founded nearby in 1842 by Daniel Stewart. When Florida became a state three years later, Mellonville became the county seat for Orange County, which was originally a portion of Mosquito County. Citrus was the first cash crop in the area and the first fruit packing plant was constructed in 1869. In 1870, a lawyer from Connecticut by the name of Henry Shelton Sanford (1832-1891) purchased 12,548 acres of open land west of Mellonville. His vision was to make this new land a major port city, both railway and by water. Sitting on Lake Monroe, and the head of the St. Johns River, the City of Sanford earned the nickname of “The Gate City of South Florida.” Sanford became not only a transportation hub, but a leading citrus industry in Florida, and eventually globally. The Great Fire of 1887 devastated the city, which also suffered from a statewide epidemic of yellow fever the following year. The citrus industry flourished until the Great Freezes of 1894 and 1895, causing planters to begin growing celery in 1896 as an alternative. Celery replaced citrus as the city's cash crop and Sanford was nicknamed "Celery City." In 1913, Sanford became the county seat of Seminole County, once part of Orange County. Agriculture dominated the region until Walt Disney World opened in October of 1971, effectively shifting the Central Florida economy towards tourism and residential development. Alternative Title Sanford Collection Subject Sanford (Fla.) Contributor <a href="http://www.seminolecountyfl.gov/departments-services/leisure-services/parks-recreation/museum-of-seminole-county-history/" target="_blank">Museum of Seminole County History</a> <a href="https://www.thehistorycenter.org/" target="_blank">Orange County Regional History Center</a> <a href="http://sanfordhistory.tripod.com/" target="_blank">Sanford Historical Society, Inc.</a> <a href="http://www.sanfordfl.gov/index.aspx?page=108" target="_blank">Sanford Museum</a> Is Part Of <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/44" target="_blank">Seminole County Collection</a>, RICHES of Central Florida. Language eng Type Collection Coverage Sanford, Florida Curator Marra, Katherine Cepero, Laura Digital Collection <a href="https://richesmi.cah.ucf.edu/map/" target="_blank">RICHES MI</a> External Reference Sanford Historical Society (Fla.). <a href="http://www.worldcat.org/oclc/53015288" target="_blank">Sanford</a>. Charleston, SC: Arcadia, 2003. "<a href="http://www.sanfordfl.gov/index.aspx?page=48" target="_blank">Sanford: A Brief History</a>." City of Sanford. http://www.sanfordfl.gov/index.aspx?page=48. The Seminole Herald. <a href="http://www.worldcat.org/oclc/52633016" target="_blank">Sanford: Our First 125 Years</a>. [Sanford, FL]: The Herald, 2002. Mills, Jerry W., and F. Blair Reeves. <a href="http://www.worldcat.org/oclc/11338196" target="_blank">A Chronology of the Development of the City of Sanford, Florida: With Major Emphasis on Early Growth</a>, 1975. Has Part <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/82" target="_blank">Celery Soup: Florida’s Folk Life Play Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/65" target="_blank">Churches of Sanford Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/131" target="_blank">Creative Sanford, Inc. Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/41" target="_blank">Georgetown Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/78" target="_blank">Marie J. Francis Collection</a>, Georgetown Collection, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/101" target="_blank">Sanford Avenue Collection</a>, Georgetown Collection, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/79" target="_blank">Goldsboro Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/116" target="_blank">Henry L. DeForest Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/12" target="_blank">Hotel Forrest Lake Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/14" target="_blank">Ice Houses of Sanford Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/42" target="_blank">Milane Theatre Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/13" target="_blank">Naval Air Station Sanford Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/15" target="_blank">Sanford Baseball Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/61" target="_blank">Sanford Cigar Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/10" target="_blank">Sanford Riverfront Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/11" target="_blank">Sanford State Farmers' Market Collection</a>, Sanford Collection, Seminole County Collection, RICHES of Central Florida. Document A resource containing textual data. Note that facsimiles or images of texts are still of the genre text. Original Format 1 newspaper article 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 Melon is Cut by Bank Directors: Sanford Atlantic Bank Declares a Dividend Alternative Title Sanford Atlantic Bank Declares a Dividend Subject Sanford (Fla.) Banks and banking--Florida Investments--Florida Description A newspaper article published by The Central Florida Press on June 20, 1930. The article reports that the Sanford Atlantic National Bank had declared a dividend of $1.50 during a meeting of the board of directors held on June 17. According to the article, A. L. Betts was elected assistant cashier and that board of directors had lowered the interest rate on saving deposits and on time certificates. The article also reported that the interest rate on call loans in New York had dropped to 2.5 percent, showing that an abundance of money was available for safe investment. The bank was Originally established in 1928, but was later renamed the Atlantic National Bank of Sanford in 1974. In 1978, the bank was renamed the Atlantic National Bank of Seminole. In 1981, the bank was acquired by the Atlantic National Bank of Florida, was moved to 101 East First Street, and became a branch of the First Union National Bank of Florida. Type Text Source Original newspaper article: "Melon is Cut by Bank Directors: Sanford Atlantic Bank Declares a Dividend." The Central Florida Press, Vol. 1, No. 9, June 20, 1930, page 1: <a href="http://oviedohs.com/" target="_blank">Oviedo Historical Society</a>, Oviedo, Florida. Is Part Of "<a href="https://richesmi.cah.ucf.edu/omeka2/items/show/5674" target="_blank">The Central Florida Press, Vol. 1. No. 9, June 20, 1930</a>." RICHES of Central Florida. https://richesmi.cah.ucf.edu/omeka2/items/show/5674. <a href="http://oviedohs.com/" target="_blank">Oviedo Historical Society</a>, Oviedo, Florida. <a href="https://richesmi.cah.ucf.edu/omeka2/collections/show/16" target="_blank">Sanford Collection</a>, Seminole County Collection, RICHES of Central Florida. Is Format Of Digital reproduction of original newspaper article: "Melon is Cut by Bank Directors: Sanford Atlantic Bank Declares a Dividend." The Central Florida Press, Vol. 1, No. 9, June 20, 1930, page 1. Coverage Sanford Atlantic National Bank, Sanford, Florida Publisher The Central Florida Press Date Created ca. 1930-06-20 Date Issued 1930-06-20 Date Copyrighted 1930-06-20 Format image/jpg Extent 100 KB Medium 1 newspaper article Language eng Mediator History Teacher Economics Teacher Provenance Originally published by The Central Florida Press. Rights Holder Copyright to this resource is held by The Central Florida Press and is provided here by <a href="http://riches.cah.ucf.edu/" target="_blank">RICHES of Central Florida</a> for educational purposes only. Accrual Method Donation Contributing Project <a href="http://oviedohs.com/" target="_blank">Oviedo Historical Society</a> Curator Cepero, Laura Digital Collection <a href="https://richesmi.cah.ucf.edu/map/" target="_blank">RICHES MI</a> Source Repository <a href="http://oviedohs.com/" target="_blank">Oviedo Historical Society</a> External Reference "<a href="http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=720933&parDT_END=99991231" target="_blank">Institution History for SANFORD BRANCH (720933)</a>." National Information Center. http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=720933&parDT_END=99991231. Sanford Historical Society (Fla.). <a href="http://www.worldcat.org/oclc/53015288" target="_blank">Sanford</a>. Charleston, SC: Arcadia, 2003. Sanford Historic Preservation Board. "<a href="http://sanfordhistory.tripod.com/Links/wtour.pdf" target="_blank">The Sanford Historic Preservation Board Presents The Sanford Historic Downtown Walking Tour</a>." City of Sanford, Florida. 2009. http://sanfordhistory.tripod.com/Links/wtour.pdf. A. L. Betts bank cashiers bankers banks board of directors call loans deposits dividend interest rates investments Sanford Sanford Atlantic National Bank saving deposits The Central Florida Press time certificates https://richesmi.cah.ucf.edu/omeka/files/original/c276de09c190228202b89297953dca74.jpg b3417eaaa12bebd02f73fe280142ec6b 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. Original Format 1-page handwritten statement 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 Statement from Gray Dawes and Company to Henry Shelton Sanford (August 4, 1886) Alternative Title Gray Dawes & Co. to Sanford (August 4, 1886) Subject Investments--Florida Sanford, Henry S. (Henry Shelton), 1823-1891 Description A statement from Gray Dawes and Company to Henry Shelton Sanford (1823-1891) dated August 4, 1886. The statement indicated the yearly interest charge on a loan of £6,423.17.6. With interest accrued at 6%, the amount due by Sanford was £385.8.8. Gray Dawes and Company was founded in 1865 by business partners Archie Gray and Edwyn Sandys Dawes. Located at 13 Austin Friars in London, England, the company was focused, at least initially, on maritime insurance. By the mid-1870s, the company had also expanded its operations into shipping, overseeing a fleet of steamships that circulated within a trade network including London, Calcutta, Madras, and elsewhere. The company was closely linked to the Scottish shipping titan, Sir William MacKinnon (1823-1893). Gray was Mackinnon's nephew. Dawes, meanwhile, went on to become a close and trusted business partner to MacKinnon. As such, the firm became a useful means for MacKinnon to reward his friends and business associates. The company availed insurance accounts to these select individuals, accounts that could be used as a source of credit to be paid at a later date. The company became associated with Henry Shelton Sanford thanks to the mutual connection to MacKinnon. In 1880, MacKinnon lent Sanford, who was faced at the time with financial difficulties, some £8,000 to facilitate the founding of a Florida land investment company. The money offered by MacKinnon was in fact loaned to Sanford by Gray Dawes and Company. Additionally, at the behest of MacKinnon, both Gray and Dawes became reluctant subscribers to Sanford’s land investment scheme, the Florida Land and Colonization Company. Type Text Source Original statement, August 4, 1886: box 53, folder 3, subfolder 53.3.6, 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 53, folder 3, subfolder 53.36., 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 statement, August 4, 1886. Coverage Gray Dawes and Company, London, England, United Kingdom Creator Gray Dawes and Company Date Created 1886-08-04 Format image/jpg Extent 118 KB Medium 1-page handwritten statement Language eng Mediator History Teacher Economics Teacher Provenance Originally created by Gray Dawes and Company. 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. 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 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 <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> External Reference Munro, J. Forbes. <a href="http://www.worldcat.org/oclc/57653564" target="_blank">Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893</a>. Rochester, NY: Boydell Press, 2003. Dawes, Edwyn Sandys Gray Dawes and Company Gray, Archie interest rates interests investments loans Sanford Sanford, Henry Shelton https://richesmi.cah.ucf.edu/omeka/files/original/1f418c5ceba82467b5268593bf82bb87.jpg 11182eb751d606cf7b4da3e6c9172ec2 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. Original Format 1-page handwritten statement 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 Statement from Gray Dawes and Company to Henry Shelton Sanford (August 5, 1887) Alternative Title Gray Dawes & Co. to Sanford (August 5, 1887) Subject Investments--Florida Sanford, Henry S. (Henry Shelton), 1823-1891 Description Atatement from Gray Dawes and Company to Henry Shelton Sanford (1823-1891) dated August 5, 1887. The statement indicated the interest due for the period from August 1887 to February 1888, an amount of £197.94. The initial amount of the loan was £8,000 with an annual interest rate of 5 percent, issued in 1880. By 1887, it appears Sanford had paid back less than £2,000 of the loan and his interest rate had risen to 6 percent. Gray Dawes and Company was founded in 1865 by business partners Archie Gray and Edwyn Sandys Dawes. Located at 13 Austin Friars in London, England, the company was focused, at least initially, on maritime insurance. By the mid-1870s, the company had also expanded its operations into shipping, overseeing a fleet of steamships that circulated within a trade network including London, Calcutta, Madras, and elsewhere. The company was closely linked to the Scottish shipping titan, Sir William MacKinnon (1823-1893). Gray was Mackinnon's nephew. Dawes, meanwhile, went on to become a close and trusted business partner to MacKinnon. As such, the firm became a useful means for MacKinnon to reward his friends and business associates. The company availed insurance accounts to these select individuals, accounts that could be used as a source of credit to be paid at a later date. The company became associated with Henry Shelton Sanford thanks to the mutual connection to MacKinnon. In 1880, MacKinnon lent Sanford, who was faced at the time with financial difficulties, some £8,000 to facilitate the founding of a Florida land investment company. The money offered by MacKinnon was in fact loaned to Sanford by Gray Dawes and Company. Additionally, at the behest of MacKinnon, both Gray and Dawes became reluctant subscribers to Sanford’s land investment scheme, the Florida Land and Colonization Company. Type Text Source Original statement, August 5, 1887: box 53, folder 3, subfolder 53.3.4, 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 53, folder 3, subfolder 53.3.4, 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 statement, August 5, 1887. Coverage Gray Dawes and Company, London, England, United Kingdom Creator Gray Dawes and Company Date Created 1887-08-05 Format image/jpg Extent 125 KB Medium 1-page handwritten statement Language eng Mediator History Teacher Economics Teacher Provenance Originally created by Gray Dawes and Company. 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. 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 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 <a href="http://www.sanfordfl.gov/index.aspx?page=456" target="_blank">Sanford Museum</a> External Reference Munro, J. Forbes. <a href="http://www.worldcat.org/oclc/57653564" target="_blank">Maritime Enterprise and Empire: Sir William MacKinnon and His Business Network, 1823-1893</a>. Rochester, NY: Boydell Press, 2003. Dawes, Edwyn Sandys Gray Dawes and Company Gray, Archie interest interest rates investments loans Sanford Sanford, Henry Shelton