VA-ROOTS Archives

July 2003

VA-ROOTS@LISTLVA.LIB.VA.US

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From:
paul drake <[log in to unmask]>
Reply To:
paul drake <[log in to unmask]>
Date:
Tue, 8 Jul 2003 16:17:34 -0500
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....I have a young man of 16, David Hatcher, who died in the Rev War. His heirs
received the standard 640A. This land was sold by his "heir" John Hatcher
for 100 pds.

***If the entry used the word "heir" it is likely that he died intestate.  If so, then the "Statute of Descent and Distribution" would be followed and his father would be his only "heir".  Had the father already been dead, then and only then would his siblings stand to inherit anything.  If there was a will, the Statute did not come into play and the property would descend as the will provided declared.        

2) Is there an online chart that can convert 100pds into $$?

****There are all kinds of answers to this, some of which are nonsense or based on a false premise.  Presuming that the currency was accepted widely (unlike a "Continental"), and the comparison is based on the value of 1) a day of ordinary labor, 2) a 1 lb. loaf of bakery bread, 3) 5 lb. of flour or cornmeal, 4) the cost of 100 bd. ft. of lumber such as used in the building of an ordinary house, 5) a grade mare or gelding suitable for riding to and from home, and 6) 5 lbs of cane sugar, I use a multiplier of 55 for converting Ls to dollars for the period 1780-1800, i.e., in my opinion L100 would be about $5500.00 today. 
Paul      


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