Tag: Brooklyn Bridge

MAY 24, 1626: FOR TWO GUILDERS MORE, WE’LL THROW IN QUEENS

Posted on by Richard Daybell

In what is often called the greatest real estate deal ever, Peter Minuit bought Manhattan from native Americans on May 24, 1626, for goods valued at 60 guilders. Popular history identifies these goods as baubles, bangles and bright shiny beads (celebrated in song by Alexander Borodin in his String Quartet in D, routinely hummed on special Dutch occasions, since the words were not written until 1953 for the musical Kismet which in Dutch means “we could have bought the Brooklyn Bridge for a wedge of cheese had it been built.”)

 

The actual figure of 60 guilders was determined in the seventeenth century using a Dutch version of Generally Recognized Accounting Practices (GRAP) – known back then as Chicanery (C). In 1846, a New York historian converted this figure to dollars and came up with an amount of $24. Since then, people have regularly tried to update the $24 amount to today’s dollars. But as Edwin G. Burrows and Mike Wallace pointed out in their history of New York,”[A] variable-rate myth being a contradiction in terms, the purchase price remains forever frozen at twenty-four dollars.” Nevertheless people continue to point out what those baubles were worth in today’s dollars, euros or guilders. All the results are rather boring.

 

The transaction is often viewed as one-sided and beneficial to the Dutch, although some evidence suggests that Minuit actually purchased the island from a traveling beaver hide salesman who happened to be passing through and who had never heard of, let alone owned, Manhattan. At about the same time, Minuit was involved in another land purchase, that of Staten Island, for much more mundane goods such as kettles and cloth and garden tools (hence the phrase “we’ll buy Manhattan, the Bronx and Staten Island too.”)

Strangely enough, the aforementioned Brooklyn Bridge (remember that?) was opened to traffic on this very day in 1883.  And a Dutch tourist bought it for 100 guilders from a New York cabbie who claimed to be a full-blooded Manhattan Indian.

 

 

 

 

APRIL 18, 1968: IF YOU BELIEVE THIS, I’VE GOT A BRIDGE . . .

Posted on by Richard Daybell

Famous real estate deals abound — the sale of Manhattan for beads, the Louisiana Purchase, Seward’s Folly. One of the more unusual is the April 18, 1968, sale of London Bridge for a mere $1 million (of course, as any schoolchild knows, the thing was falling down). American oil sphinx_magnate Robert McCullough was the buyer and he bought it as a large conversation piece for his Arizona real estate development in an out-of-the-way spot that had previously only been an inspiration for Roadrunner cartoons.  The bridge was disassembled in London, each piece numbered, then hauled to Lake Havasu City, Arizona, where it was reassembled.

McCullough had wanted to buy the Brooklyn Bridge for his project, but it had already been sold. Many times, actually. One George Parker had made his living selling the bridge to oil magnates and other naive visitors to New York, some of whom actually tried to erect toll booths.

The relocation of London Bridge inspired, in addition to a great deal of laughter, a forgettable 1985 made-for-television movie Bridge Across Time (aka Arizona Ripper or Terror at London Bridge) in which several murders are committed in Lake Havasu by the spirit of Jack the Ripper, whose soul is transported to the United States in one of the stones of the bridge (sorry you missed it, aren’t you).

Although the Sphinx may have been more architecturally appropriate to the location, McCullough wasn’t interested. “Something about the nose,” he said.

Legumes in Love

British poet and physician Erasmus Darwin died on April 18, 1802.  As a physician graduated from Cambridge, he didn’t really distinguish himself. When he is remembered at all, it is for his poetry, and one particular poem, The Loves of the Plants, part of a larger work called The Botanic Garden (the other part being The Economy of Vegetation), in which the physiology and classification of the vegetable world is presented in a rather lofty and lyrical manner. Although the subject was mundane and the technical accuracy questionable, the poetic frenzy reached amazing heights. Had Erasmus Darwin’s grandson Charles presented his discoveries in a more poetic fashion, perhaps they would have been more warmly received.

APRIL 18, 1968: IF YOU BELIEVE THIS, I’VE GOT A BRIDGE . . .

Posted on by Richard Daybell

Famous real estate deals abound — the sale of Manhattan for beads, the Louisiana Purchase, Seward’s Folly. One of the more unusual is the April 18, 1968, sale of London Bridge for a mere $1 million (of course, as any schoolchild knows, the thing was falling down). American oil sphinx_magnate Robert McCullough was the buyer and he bought it as a large conversation piece for his Arizona real estate development in an out-of-the-way spot that had previously only been an inspiration for Roadrunner cartoons.  The bridge was disassembled in London, each piece numbered, then hauled to Lake Havasu City, Arizona, where it was reassembled.

McCullough had wanted to buy the Brooklyn Bridge for his project, but it had already been sold. Many times, actually. One George Parker had made his living selling the bridge to oil magnates and other naive visitors to New York, some of whom actually tried to erect toll booths.

The relocation of London Bridge inspired, in addition to a great deal of laughter, a forgettable 1985 made-for-television movie Bridge Across Time (aka Arizona Ripper or Terror at London Bridge) in which several murders are committed in Lake Havasu by the spirit of Jack the Ripper, whose soul is transported to the United States in one of the stones of the bridge (sorry you missed it, aren’t you).

Although the Sphinx may have been more architecturally appropriate to the location, McCullough wasn’t interested. “Something about the nose,” he said.

Legumes in Love

British poet and physician Erasmus Darwin died on April 18, 1802.  As a physician graduated from Cambridge, he didn’t really distinguish himself. When he is remembered at all, it is for his poetry, and one particular poem, The Loves of the Plants, part of a larger work called The Botanic Garden (the other part being The Economy of Vegetation), in which the physiology and classification of the vegetable world is presented in a rather lofty and lyrical manner. Although the subject was mundane and the technical accuracy questionable, the poetic frenzy reached amazing heights. Had Erasmus Darwin’s grandson Charles presented his discoveries in a more poetic fashion, perhaps they would have been more warmly received.

 

 

MAY 24, 1626: FOR TWO GUILDERS MORE, WE’LL THROW IN QUEENS

Posted on by Richard Daybell

In what is often called the greatest real estate deal ever, Peter Minuit bought Manhattan from native Americans on May 24, 1626, for goods valued at 60 guilders. Popular history identifies these goods as baubles, bangles and bright shiny beads (celebrated in song by Alexander Borodin in his String Quartet in D, routinely hummed on special Dutch occasions, since the words were not written until 1953 for the musical Kismet which in Dutch means “we could have bought the Brooklyn Bridge for a wedge of cheese had it been built.”)

 

The actual figure of 60 guilders was determined in the seventeenth century using a Dutch version of Generally Recognized Accounting Practices (GRAP) – known back then as Chicanery (C). In 1846, a New York historian converted this figure to dollars and came up with an amount of $24. Since then, people have regularly tried to update the $24 amount to today’s dollars. But as Edwin G. Burrows and Mike Wallace pointed out in their history of New York,”[A] variable-rate myth being a contradiction in terms, the purchase price remains forever frozen at twenty-four dollars.” Nevertheless people continue to point out what those baubles were worth in today’s dollars, euros or guilders. All the results are rather boring.

 

The transaction is often viewed as one-sided and beneficial to the Dutch, although some evidence suggests that Minuit actually purchased the island from a traveling beaver hide salesman who happened to be passing through and who had never heard of, let alone owned, Manhattan. At about the same time, Minuit was involved in another land purchase, that of Staten Island, for much more mundane goods such as kettles and cloth and garden tools (hence the phrase “we’ll buy Manhattan, the Bronx and Staten Island too.”)

Strangely enough, the aforementioned Brooklyn Bridge (remember that?) was opened to traffic on this very day in 1883.  And a Dutch tourist bought it for 100 guilders from a New York cabbie who claimed to be a full-blooded Manhattan Indian.

 

 

 

 

MAY 24, 1626: FOR TWO GUILDERS MORE, WE’LL THROW IN QUEENS

Posted on by Richard Daybell

In what is often called the greatest real estate deal ever, Peter Minuit bought Manhattan from native Americans on May 24, 1626, for goods valued at 60 guilders. Popular history identifies these goods as baubles, bangles and bright shiny beads (celebrated in song by Alexander Borodin in his String Quartet in D, routinely hummed on special Dutch occasions, since the words were not written until 1953 for the musical Kismet which in Dutch means “we could have bought the Brooklyn Bridge for a wedge of cheese had it been built.”)

 

The actual figure of 60 guilders was determined in the seventeenth century using a Dutch version of Generally Recognized Accounting Practices (GRAP) – known back then as Chicanery (C). In 1846, a New York historian converted this figure to dollars and came up with an amount of $24. Since then, people have regularly tried to update the $24 amount to today’s dollars. But as Edwin G. Burrows and Mike Wallace pointed out in their history of New York,”[A] variable-rate myth being a contradiction in terms, the purchase price remains forever frozen at twenty-four dollars.” Nevertheless people continue to point out what those baubles were worth in today’s dollars, euros or guilders. All the results are rather boring.

 

The transaction is often viewed as one-sided and beneficial to the Dutch, although some evidence suggests that Minuit actually purchased the island from a traveling beaver hide salesman who happened to be passing through and who had never heard of, let alone owned, Manhattan. At about the same time, Minuit was involved in another land purchase, that of Staten Island, for much more mundane goods such as kettles and cloth and garden tools (hence the phrase “we’ll buy Manhattan, the Bronx and Staten Island too.”)

Strangely enough, the aforementioned Brooklyn Bridge (remember that?) was opened to traffic on this very day in 1883.  And a Dutch tourist bought it for 100 guilders from a New York cabbie who claimed to be a full-blooded Manhattan Indian.