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Strawberry Mansion
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Fairmount Park is said to be the largest park (7000+ acres) within the limits of an American city, and in fact, maybe just a little bigger than the city can afford to maintain. It was established in the middle of the 19th Century through the efforts of the College of Physicians of Philadelphia to reverse the Industrial Revolution's relentless pollution of Philadelphia's Schuylkill River and the water works. The waterworks were built in 1801 in the mistaken belief that Yellow Fever was caused by pollution; Fairmount Park more accurately responded to the idea that Typhoid Fever was waterborne from upstream pollution. Lemon Hill, the nearby mount containing Robert Morris' Mansion, was purchased to expand the reservoir capacity of the waterworks and thereby made the Art Museum possible where the reservoirs were originally located.
The Park has long constituted a symbolic interval between center city and the suburbs. Since the construction of the river drives and later the expressway, the commute along the river amidst trees and parkland has made an entrance to town a pleasant experience. If the town planners had been able to foresee automobile commuting, they might have anticipated that the sun would be in the driver's eyes coming East during morning rush hour, and in his eyes as he went home toward the West in the evening. Driving safety might perhaps have been impaired by the tendency of this glare to direct attention to the park rather than straight ahead, but nevertheless redoubles the effect of the park views as a daily aesthetic experience. Even the pollution idea had its ambiguous side since animals increase the bacterial runoff from their grazing areas, and the original houses in the park had many pastures. Strip mining, however, allows mineral contaminants to be washed by rain into the watershed. The city waterworks today extract nearly 800 tons of sludge from the water supply, daily. Whatever the effect downstream, the high ground had less malaria and less typhoid than swampy lowlands, so many of the original houses were useful summer retreats for city dwellers during the early years of the city.
The park is governed by the Park Commission, and at one time had its own police force, the fourth largest police force in the state. Started in 1868, the Park Guards changed their name to the Park Police and then became part of the Philadelphia Police in 1972. The original 28 officers had grown to 525, had their own police academy and a proud tradition. It seems very likely that some deep and dirty politics were played in this shift of authority, and it might be a fair guess that some bitterness still survives in the circles who know and care about these things. In 2008 a scarcely-noticed rule change gave the Park to the City Department of Recreation, thus placing it just a little closer to ambitious real estate development. Our present concern, however, is with the houses in the park.
There are seven of them, kept up and maintained by the Philadelphia Museum of Art. Guided tours are provided intermittently by the museum, but since funds are limited only three of the houses are open year round. The others are equally worth a visit but unfortunately, are closed during the height of the spring flowering season. Two of the year-round houses represent the two extremes of Philadelphia culture, since Mount Pleasant was owned by a buccaneer ("privateer") named McPherson who lived at the height of 18th Century elegance, while Cedar Grove was originally a Quaker farmhouse of the greatest simplicity consistent with honest comfort, a style which persisted relatively unchanged until late in the 19th Century. Benedict Arnold and Peggy Shippen looked at Mount Pleasant with an eye to purchase but never lived there because they were called away by national events. With the addition of modern plumbing and air conditioning, Mount Pleasant would be an elegant place to live, even today. McPherson had to sell the place to pay his debts, whereas the Wister and Morris descendants of Cedar Grove still populate the Social Register in large numbers. The two houses completely typify the underlying philosophies of the two leading Philadelphia classes of leadership. One group measures itself by how much it spends, the other group measures success by how much it has left.
REFERENCES
| Treacherous Beauty: Peggy Shippen, the Woman behind Benedict Arnold's Plot to Betray America: Mark Jacob:978-0762773886 |
Amazon |
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Stephen Girard
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Stephen Girard died on December 26, 1831. It required 7 years for executors to settle the estate of this richest man in America, valued at $7 million, of which $5.25 million was to establish a school for poor white orphan boys. Two million dollars of that was set aside in the will for the construction of his new school. Considerable criticism was raised about the fact that the various administrators of his estate did not admit a single student for the first sixteen years, during which time extensive trustee tours of Europe were conducted to study suitable models and publish books about them. At the end of that time of preparation, the two million dollars were just about all gone.
It turns out that Girard could actually afford this luxurious approach. In 1886 the estate would rise in value to $11 million, in 1914 it was worth $30 million. In 1926 it was worth $73 million. This appreciation was in spite of educating more than 10,000 boys, and also purchasing and repaving (with Belgian blocks) both Delaware Avenue and Water Street, from Vine to South Street as a public service to which more than $2 million was devoted.
In 1935 Cheesman Herrick wrote a history of Girard College, in which is found the following, rather delicate, history of the long-term financial management by the Board:
"The Board of Directors of City Trusts is a creation of the State of Pennsylvania. At the outset in the administration of the Girard will, the city authorities looked to the state Legislature for an empowering act to proceed with the organization of Girard College. The same authority [then] set aside the control of the City councils and put the Girard Estates and Girard College under a new Board which became a part of the machinery of the city government. Probably no more successful administration of public trusts has ever been known than that by the Board of Directors of City Trusts. Time has known the wisdom of Stephen Girard in leaving the administration of his estate as he did.
"Colonel Alexander K. McClure, who knew Philadelphia well and who was relentless in his inquiry as to the discharge of trusts by public officials, paid the Board of Directors of City Trusts a deserved compliment in saying that no shadow of doubt or suspicion had ever fallen upon the doing of that body. It may be added further that probably no other government agency or private business enjoys a higher reputation for integrity and efficiency in the conduct of its affairs that does this Board. That this record is good is owing primarily to the standard set by those who have served under the Board in various business and administrative positions.
"When the record of the Board is taken into consideration, and the magnitude of the work which it has to supervise is regarded, one can readily see that service on this Board is a signal distinction. The list of the Board has been a sort of honor roll of Philadelphia's foremost citizens. That the standard in this Board has been so high and that members of the Board have served so faithfully, have been due in no small part to its members' having seen beyond the millions of Stephen Girard, and numerous other funds which they have handled, to the great good which these various trusts are accomplishing. With the interest of the beneficiaries always in mind the Board has conscientiously sought to make the Girard Estate, and the other foundations under its supervision, serve the community to the greatest possible extent. The idea of service has been the touchstone making the Board of Directors of the City of Trusts a great Board."
Starting with Nicholas Biddle, the Board of the institution was certainly composed of men who had distinguished themselves in business and finance. However, a great deal of credit must be given to Stephen Girard, himself. A year before he died, he bought roughly 18,000 acres of Schuylkill County after the discovery of coal outcroppings on the property. In subsequent years over a hundred million dollars of anthracite coal were extracted by the mining agents of the Girard Estate, based in Pottsville, PA. The clean-burning properties of this form of coal were promoted with the image of "Phoebe Snow", and were the basis for much of the industrialization of the region. Coal came down the Schuylkill River on canal barges with a terminus opposite the present boathouses, hence the Lighthouse adorning Sedgwick, the most northern boathouse. Later, it was carried on the Reading Railroad, which at one time was the largest railroad in the nation.
The Girard heirs felt this went far beyond Girard's contemplated income from the estate, and went to court to obtain for themselves what they considered a more appropriate share of it. Their argument boiled down to saying Girard College had so much money it didn't know what to do with it and was returning income to principal. It was their contention that if Girard could have predicted both the revenue and the expenses of the school, he would have left the school less money, and given more to his numerous heirs.
The managers of the estate, who felt their own acumen was largely responsible for the windfall, made a sophisticated and ultimately successful rebuttal. Instead of relying on the contrast between the incredibly good performance of the Board of City Trusts, compared with the earlier looting of the estate by City Council, their lawyer
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Horace Binney
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(Horace Binney) relied on and largely invented some important legal reasoning. Coal in the ground was a dwindling asset, and speed of its dwindling was under the control of the owners. The managers of Girard's estate had shrewdly transformed the coal into a more conventional source of income by taking proceeds at the best available price, regardless of the needs of the school. With it, they put up office buildings and department stores in the center of Philadelphia on the land around 12th and Market, first intended to be the site of the orphan school. Also, the six hundred acres of Girard's farm in South Philadelphia were converted to rental houses. In time, the income from the coal-bearing properties was transferred to center-city rentals -- all within the bounds of real estate which Girard had purchased before his death. The trustees had enhanced the value of Girard's properties by shifting assets amongst them, a result that greatly benefited the entire city and region, and rendered the entire concept of annual income -- irrelevant. The legalisms of this dispute are very clever, but in truth, the Girard's heirs probably never had a chance in court against the political and business establishment of the whole state, united in the firm belief they were doing a remarkably benevolent thing for orphans.
It is breath-taking to reflect that Girard College's anthracite did become the economic pump for the entire Philadelphia industrial region from Pottsville to Trenton, for nearly a century. And equally breathtaking to reflect that, about a century later, anthracite mining just about ceased entirely. Although there was shrewd later management of the assets, the fact is the coal was discovered, purchased and bound up in irrevocable covenants by a single man in 1829, who was therefore dead during every day of this activity, except during the first year when the plan was organized. If he wanted to do this for orphans, it is scarcely possible even to suggest a reason why he shouldn't.
REFERENCES
| Girard College It's Semi Centennial of Girard College: George P. Rupp ASIN: B000TNER1G |
Amazon |
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Arthur Laffer
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Recall for a moment, the two Republican idols, economists Milton Friedman and Arthur Laffer. Friedman won a Nobel Prize by observing that inflation is "always and everywhere" caused by too much money in circulation. Thus, a potential remedy for inflation was suggested: central banks (i.e. the Federal Reserve) can restrain that by raising short-term interest rates at the first sign of inflation. It certainly seemed to work; by doing so, Federal Reserve Chairman Alan Greenspan was able to avoid inflation for eighteen years.
Arthur Laffer offered a second idea for Presidents to test. Laffer maintained that if taxes were too high, you would paradoxically collect more taxes by lowering tax rates. The younger George Bush took him up on it, reasoning that if tax collections did rise after tax rates were cut, it would be proof that taxes had been too high all along. The appeal to tax technicians in the Treasury Department was that, by observing tax collections, all changes in tax rates up or down might lead to the identification of the most efficient possible tax rates. So, although President Reagan had felt warm about Laffer, while the senior George Bush rudely dismissed such ideas, George W. was eager to test his gut feeling that tax rates were too high. Each year during his presidency, George W cut taxes. Gratifyingly, each year total tax revenue (adjusted for GDP) increased. Eight years are not the same as eighteen, but it certainly looks as though W proved that taxes had indeed been too high. If some future Congress has the courage to raise taxes, and then tax collections go down, the Bush legacy would seem pretty secure. Two iron laws of national economics would be enshrined: The tax rate should be whatever maximizes tax revenue. Interest rates should be whatever restrains inflation. Live with it.
True, none of this insight casts much light on how to cope with wars and depressions. Raising interest rates seemingly defeats inflation, but lowering interest rates has not always cured recessions. Furthermore, the fiscal and monetary direction of the country may have to be altered when we face war, famine, weather disasters, and demographic shifts. But at least we seem to know how to determine the optimum level of (overnight, interbank) interest rates and taxes, so have a compass for return to those levels after detours around uncertain events. Maybe economists, even Voodoo economists, can suggest some other principles which politicians can test in the real economy. And political science can then start to have some true scientific method in it; propose a theory, test it, revise the theory and test it again.
But there's one more thing that Art Laffer didn't understand when he was drawing his famous curve on the back of a paper napkin. One of the main reasons tax collections rose spectacularly when George Bush finally had the nerve to try lowering taxes -- was that the underground, tax-evading, economy was a great deal larger than anyone had suspected. Laffer made crooks into honest people.
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Elthreths Alley
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The north side of Dock Creek (now, Dock Street) was lower than Society Hillside and somewhat swampy. The tendency to flood caused the north side to have smaller and less permanent buildings, and so it became the Colonial waterfront area remaining more commercial, and in parts, shabby, even during the 19th Century. Still further to the north, this was not the case, but the waterfront and food market patch more or less marooned Christ Church, now the single most graceful and elegant Colonial building still standing. This formerly commercial area is now called Old City, with many loft apartments mixed among surviving warehouse outlets, and of course the ethnic restaurants characteristic of such gentrified areas.
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Christ Church
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Elfreth's Alley, running for one block east and west between Second and Front (1st) Streets. Some of the histories of this street is obscure, so some of it is probably synthetic because nothing particularly historic happened there to create detailed records. Elfreth's Alley claims to be the oldest street in America, a claim that can be substantiated back to 1702. The street is filled with little "workers houses", presenting a solid front of buildings on both sides of the cobblestoned street. Most of the houses could vaguely be called "father, son and holy ghost houses", looking as though they consisted of three rooms on top of each other, although in fact most of them are larger. A moment's consideration shows that the street consists of many double houses, with three doorways in front. Each house had a door to the interior, and most of them have a third door opening to a shared tunnel between the two houses, leading to the back yards. These tunnels were called "easements", a term that has migrated from its earlier usage. Although William Penn envisioned large single estates in his "Greene Country Towne", he sold considerable land to people who remained in England as absentee landlords, who soon found that many small houses produced more rent than one or two big ones. One of the houses on Elfreth's Alley acts as a museum, with tours; there is an active civic association, and once a year in June there is a street fair.
Because the land was swampy and the neighborhood congested, Christ Church soon outgrew its backyard burial ground, and burying important people under slabs in the walkways and corridors. Visitors who do not come from that sort of religious background are typically uncomfortable walking over such graves, a quite common arrangement in European cathedrals. But eventually, it was necessary to go several blocks westward to create a "new" burial ground. Most of the famous names from the Revolutionary era, like Benjamin Franklin and four other signers of the Declaration of Independence are found on the tombstones at Fifth and Arch, just across the street from the Free Quaker meeting house, and opposite the Philadelphia Mint. On the remaining corner of Fifth and Arch is the Constitution Center which will open July 4, 2003. It can already be seen that its architecture clashes with the rest of the historic area, but it is fervently hoped that its programs will redeem it.
REFERENCES
| Society Hill and Old City, Image of America: Robert Morris Skaler |
Amazon |
The Last Will and Testament of
William Shakspere
"During the winter of 1616, Shakespeare summoned his lawyer Francis Collins, who a decade earlier had drawn up the indentures for the Stratford tithes transaction, to execute his last will and testament. Apparently, this event took place in January, for when Collins was called upon to revise the document some weeks later, he (or his clerk) inadvertently wrote January instead of March, copying the word from the earlier draft. Revisions were necessitated by the marriage of [his daughter], Judith... The lawyer came on 25 March. A new first page was required, and numerous substitutions and additions in the second and third pages, although it is impossible to say how many changes were made in March and how many currently came in January. Collins never got round to having a fair copy of the will made, probably because of haste occasioned by the seriousness of the testator's condition, though this attorney had a way of allowing much-corrected draft wills to stand" (@ Schoenbaum 242-6).
Words which were lined-out in the original but which are still legible are indicated by [brackets]. Words which were added interlinearly are indicated by italic text. The word "Item" is given in the bold text to aid reading and is not so written in the document.
From the first line of Shakspere's will
In the name of God Amen I William Shakespeare, of Stratford upon Avon in the country of Warr., gent., in perfect health and memory, God be praised, do make and ordain this my last will and testament in manner and form following, that is to say, first, I commend my soul into the hands of God my Creator, hoping and assuredly believing, through the only merits, of Jesus Christ my Saviour, to be made partaker of life everlasting, and my body to the earth whereof it is made. Item, I give and bequeath unto my [son and] daughter Judith one hundred and fifty pounds of lawful English money, to be paid unto her in the manner and form following, that is to say, one hundred pounds in discharge of her marriage portion within one year after my decease, with consideration after the rate of two shillings in the pound for so long time as the same shall be unpaid unto her after my decease, and the fifty pounds residue thereof upon her surrendering of, or giving of such sufficient security as the overseers of this my will shall like of, to surrender or grant all her estate and right that shall descend or come unto her after my decease, or that she now hath, of, in, or to, one copyhold tenement, with appurtenances, lying and being in Stratford upon Avon aforesaid in the said country of Warr., being parcel or holder of the manor of Rowington, unto my daughter Susanna Hall and her heirs forever. Item, I give and bequeath unto my saied daughter Judith one hundred and fyftie poundes more, if shee or anie issue of her bodie by lyvinge att thend of three yeares next ensueing the daie of the date of this my will, during which tyme my executours are to paie her consideracion from my deceas according to the rate aforesaied; and if she dyes within the said term without issue of her body, then my will us, and I doe give and bequeath one hundred poundes thereof to my niece Elizabeth Hall, and the fifty poundes to be set fourth by my executours during the life of my sister Johane Harte, and the use and profit thereof coming shall be paid to my said sister Jone, and after her decease the saied l.li.12 shall remain amongst the children of my said sister, equally to be divided amongst them; but if my said daughter Judith be living at the end of the said three years, or any use of her body, then my will is, and so I devise and bequeath the said hundred and fifty poundes to be set our by my executors and overseers for the best benefit of her and her issue, and the stock not to be paid unto her so long as she shall be married and covert baron [by my executours and overseers]; but my will is, that she shall have the consideracion yearly paied unto her during her life, and, after her decease the said stock and consideracion to be paid to her children, if she has any, and if not, to her executours or assignes, she living the said term after my decease. Provided that if such husband as she shall at the end of the said three years be married unto, or at any after, do sufficiently assure unto her and tissue of her body lands answerable to the portion by this my will given unto her, and to be adjudged so by my executors and overseers, then my will is, that the said cl.li.13 shall be paid to such husband as shall make such assurance, to his own use. Item, I give and bequeath unto my said sister Jone xx.li. and all my wearing apparel, to be paid and delivered within one year after my decease; and I doe will and devise unto her the house with appurtenances in Stratford, wherein she dwelleth, for her natural life, under the yearly rent of xij.d. Item, I give and bequeath
Shakspere's 1st signature
unto her three sonnes, William Harte, ---- Hart, and Michaell Harte, five pounds apiece, to be paid within one year after my decease [to be sett out for her within one year after my decease by my executors, with advice and direction of my overseers, for her best profit, until her marriage, and then the same with the increase thereof to be paid unto her]. Item, I give and bequeath unto [her] the said Elizabeth Hall, all my plate, except my broad silver and gilt bole, that I now have at the date of this my will. Item, I give and bequeath unto the poor of Stratford aforesaid ten pounds; to Mr. Thomas Combe my sword; to Thomas Russell esquire five pounds; and to Frauncis Collins, of the borough of War. in the county of Warr. gentleman, thirteen pounds, six shillings, and eight pence, to be paid within one year after my decease. Item, I give and bequeath to [Mr. Richard Tyler thelder] Hamlett Sadler xxvj.8. viij.d. to buy him a ring; to William Raynoldes gent., xxvj.8. viij.d. to buy him a ring; to my dogs on William Walker xx8. in gold; to Anthony Nashe gent. xxvj.8. viij.d. [in gold]; and to my fellows John Hemynges, Richard Burbage, and Henry Cundell, xxvj.8. viij.d. a piece to buy them rings, Item, I give, will, bequeath, and devise, unto my daughter Susanna Hall, for better enabling of her to perform this my will, and towards the performance thereof, all that capital messuage or tenement with appurtenances, in Stratford aforesaid, called the New Place, wherein I now dwell, and two messuages or tenements with appurtenances, situate, lying, and being in Henley street, within the borough of Stratford aforesaid; and all my barns, stables, orchards, gardens, lands, tenements, and hereditaments, whatsoever, situated, lying, and being, or to be had, received, perceived, or taken, within the towns, hamlets, villages, fields, and grounds, of Stratford upon Avon, Old Stratford, Bishopton, and Welcome, or in any of them in the said counties of Warr. And also all that messuage or tenemente with appurtenaunces, wherein one John Robinson dwelleth, situate, lying and being, in the Balckfriers in London, nere the Wardrobe; and all my other lands, tenementes, and hereditamentes whatsoever, To have and to hold all and singuler the said premisses, with their appurtenaunces, unto the said Susanna Hall, for and during the term of her natural life, and after her decease, to the first son of her body lawfully issueing, and to the heires males of the body of the said first son lawfully issueing; and for defalt of such issue, to the second son of her body, lawfully issueing, and to the heires males of the body of the said second son lawfully issueing; and for default of such heires, to the third son of the body of the saied Susanna lawfullie yssueing, and of the heires males of the bodie of the said third son lawfully issueing; and for defalt of such issue, the same to be and remaine to the fourth [son], ffyfth, sixte, and seaventh sonnes of her bodie lawfullie issueing, one after another, and to the heires
Shakspere's 2nd signature
males of the bodies of the said fourth, fifth, sixth, and seventh sonnes lawfully issuing, in such manner as it is before limited to be and remain to the first, second, and third sons of her body, and to their heirs males; and for default of such issue, the said premises to be and remain to my said niece Hall, and the heir males of her body lawfully issuing; and for default of such issue, to my daughter Judith, and the heirs males of her body lawfully issuing; and for default of such issue, to the right heirs of me the said William Shakespeare forever. Item, I give unto my wife my second best bed with the furniture, Item, I give and bequeath to my said daughter Judith my broad silver gilt bole. All the rest of my goods, chattels, leases, plate, jewels, and household stuff whatsoever, after my debts and legacies paid, and my funeral expenses discharged, I give, devise, and bequeath to my son in law, John Hall gent., and my daughter Susanna, his wife, whom I ordain and make executors of this my last will and testament. And I do entreat and appoint the said Thomas Russell Esquire and Frauncis Collins gent. to be overseers hereof, and do revoke all former wills, and publish this to be my last will and testament. In witness whereof I have hereunto put my [seale] hand, the date and year first above written.
Witnes to the publishing
hereof Fra: Collyns
Julius Shawe
John Robinson
Hamnet Sadler
Robert Whattcott
Shakspere's final signature, 'By me ...'