previous next

[460] of equities. Each piece of her property was more or less mortgaged.

I owned my home and more than an acre of ground. I consented to take over her property, and her attorneys, thinking that my home and grounds would be easier for her to care for and fully equivalent in value, made the exchange.

For a while there was a great boom in real estate and I was very hopeful of being able to properly dispose of my possessions and lay by something for my family, but the tables very soon turned; the legislation of Congress went against the city of Washington, and except in certain favored localities the price of property went down with wonderful rapidity. For example, one of the stores that had come into my possession was at the time of my purchase valued for taxation at $18,000, and had on it a mortgage of $4,000. The next valuation was $12,000; the next following was $6,000, and being at last forced to sell I disposed of it at $5,--000, clearing hardly $1,000. The houses took a like plunge and I was glad to dispose of most of them for the mortgages that were upon them. I did, however, pay one or two of my, obligations out of this property, but the result was that I made nothing from the exchange; in fact, I would have been thrown into bankruptcy but for some lots I owned on Meridian Hill. These I sold to very fair advantage, receiving enough to clear me of nearly all my pressing obligationsobligations incurred by my official work.

This was the condition of my estate when I was ordered away from Washington in 1874. I had been, as is evident, put to very great expense by the investigations into the affairs of the Freedmen's Bureau. I had to pay for my own counsel in every case, so I did

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.

An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.

hide Places (automatically extracted)

View a map of the most frequently mentioned places in this document.

Sort places alphabetically, as they appear on the page, by frequency
Click on a place to search for it in this document.
Meridian Hill (United States) (1)

Download Pleiades ancient places geospacial dataset for this text.

hide Dates (automatically extracted)
Sort dates alphabetically, as they appear on the page, by frequency
Click on a date to search for it in this document.
1874 AD (1)
hide Display Preferences
Greek Display:
Arabic Display:
View by Default:
Browse Bar: