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Date: | Wed, 10 Sep 1997 21:02:55 -0400 |
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Jeff,
I don't know anything about pig iron, but it seems that leases
for industrial properties which stipulated partial payment in the product
of the lessee were not uncommon. I know of one instance here in
Alexandria, Virginia in which a man renting a structure for the purpose of
brewing was required to deliver a quantity of beer annually in addition to
a cash payment. This type of thing may have occured with any kind of
sought-after or valuable product. I imagine it's possible it may have
been more common here in the coin starved colonies and early republic.
Tim Dennee
On Wed, 10 Sep 1997, Jeff Morris wrote:
> While examining a number of leases for forge and furnace in the early 18th
> century I have encountered the following clause stipulated by the owner.
>
> '175 tuns of well blown pig metall...to be supplied at the end of the lease
> at a price of £5 5/- per tunn..if one years notice given that this is required.'
>
> Are such clauses common in this type of lease(either in Britain or elsewhere)?
>
> And can anyone provide information as to what would be the market price for
> a ton of pig iron in 1700, 1710 and 1720 (in pounds shillings and pence please).
>
> Many thanks,
>
>
> Jeff Morris
>
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