Letter from William Beardall to Henry Shelton Sanford (February 15, 1884)

Dublin Core

Title

Letter from William Beardall to Henry Shelton Sanford (February 15, 1884)

Alternative Title

Letter from Beardall to Sanford (February 15, 1884)

Subject

Real estate--Florida
Investments--Florida

Description

A letter from William Beardall to Henry Shelton Sanford (1823-1891), dated February 15, 1884. In the letter, Beardall provided updates of several buyers' payments. He noted that J. C. Thorpe and D. B. Graves "are paid up all" and that George E. Rogers is "awaiting delivery of deed." Gustaf Lundquist, he added, "owes $100 which he is willing to pay on delivery of deed."

Beardall was an Englishman who worked for the Florida Land and Colonization Company (FLCC) at its local office in Sanford, Florida. He served as an assistant to the company agent, E. R. Trafford. Beardall had worked previously for the Scottish industrialist Sir William MacKinnon before joining the FLCC. 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.

Creator

Beardall, William

Source

Original letter from William Beardall to Henry Shelton Sanford, February 15, 1884: box 54, folder 18, subfolder 54.18.16, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.

Date Created

1884-02-15

Is Format Of

Digital reproduction of original letter from William Beardall to Henry Shelton Sanford, February 15, 1884.

Is Part Of

Box 54, Folder 18, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.
Florida Land Colonization Company Collection, Henry Shelton Sanford Papers Collection, RICHES of Central Florida.

References

Original letter from E. R. Trafford per William Beardall to Henry Shelton Sanford, February 6, 1884: box 54, folder 18, subfolder 54.18.13, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.
Original letter from E. R. Trafford per William Beardall to Henry Shelton Sanford, February 13, 1884: box 54, folder 18, subfolder 54.18.15, Henry Shelton Sanford Papers, General Henry S. Sanford Memorial Library, Sanford Museum, Sanford, Florida.

Format

image/jpg

Extent

112 KB

Medium

1-page handwritten letter

Language

eng

Type

Text

Coverage

Sanford, Florida

Accrual Method

Donation

Mediator

History Teacher
Economics Teacher

Provenance

Originally created by William Beardall.
Donated to the Connecticut Historical Society after 1901.
Loaned to the Tennessee State Library and Archives for processing until June 1, 1960.
Donated by the General Henry S. Sanford Memorial Library, Sanford Museum in 1960.

Rights Holder

The displayed collection item is housed at the General Henry S. Sanford Memorial Library, Sanford Museum 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 Sanford Museum to display this item for educational purposes only.

Curator

Fedorka, Drew M.

Digital Collection

Source Repository

External Reference

Fry, Joseph A. Henry S. Sanford: Diplomacy and Business in Nineteenth-Century America. Reno, NV: University of Nevada Press, 1982.

Document Item Type Metadata

Original Format

1-page handwritten letter

Locations

Categories

Transcribe This Item

  1. SP00255.jpg