Note 7 — Town Rights and Ferries.

There was some peculiar circumstances attending the consummation of this charter, which the Compiler thinks ought to be known. A short time previous to obtaining the charter, the Common Council of the City of New-York resolved that the sum of L1400 was necessary for the procuring of that instrument; L1000 of which sum they determined to raise immediately by a loan on interest for one year; which they accordingly did, and gave a mortgage for that amount to James De Lancey, Esq. dated January 14, 1730. Directly after the execution of this mortgage they resolved to address the Governor, “for the great favour and goodness shewn to this Corporation in granting their petition, in ordering and directing his Majesty’s letters patent for a new charter and confirmation to this Corporation,” and probably informing him that they had obtained the money. The consequence was, that on the next day, January 15, 1730, the charter was completed; and on paying the L1000 was delivered to them on the 11th day of February, 1730, almost a month after its date. By which it appears that the Corporation of New-York still continued purchasing the right of the town of Brooklyn from the Colonial Governors. See List of Corporation Charters and grants, 1747.