The below is a translation from the site Letters of Note. It is the only known written evidence of how Manhattan Island was actually purchased in November 1626 by Peter Minuit. This is fascinating stuff…
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Recep. 7 November 1626
High and Mighty Lords,
Yesterday the ship the Arms of Amsterdam arrived here. It sailed from New Netherland out of the River Mauritius on the 23d of September. They report that our people are in good spirit and live in peace. The women also have borne some children there. They have purchased the Island of Manhattes from the savages for the value of 60 guilders. It is 11,000 morgens in size. They had all their grain sowed by the middle of May, and reaped by the middle of August They sent samples of these summer grains: wheat, rye, barley, oats, buckwheat, canary seed, beans and flax.
The cargo of the aforesaid ship is:
7246 Beaver skins
178½ Otter skins
675 Otter skins
48 Mink skins
36 Lynx skins
33 Minks
34 Muskrat skins
Many oak timbers and nut wood.
Herewith, High and Mighty Lords, be commended to the mercy of the Almighty,
I’m a New York City-based financial advisor at Ritholtz Wealth Management LLC. I help people invest and manage portfolios for them. For disclosure information please see here.
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