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394 HISTORY OF MARYLAND.
1st. Loyalists who had rendered service to Great Britain 204
2d. Loyalists who had borne arms in the service of Great Britain 481
3d. Zealous and uniform loyalists 626
4th. British subjects resident in Great Britain 20
5th. Those who took the oath of allegiance to the Americans, but afterwards
joined the British 27
6th. Deserters from the American army who joined the British 23
7th. Losers under the Prohibitory Act 3
8th. Loyal British Proprietors 2
9th. Subjects or settled inhabitants of the United States 25
10th. Claims disallowed and withdrawn 313
11th. Loyal British subjects who were to have relief by the treaty, but failed
in procuring it 4
He proposed "to pay the classes 1, 2, 3, 5, 6, 7, whose liquidated losses did
not amount to more than £10,000 each, the full amount of their losses: and
if they should exceed the sum of £10,000, up to £35,000, then to deduct ten
per cent.; and if over £35,000 to £50,000, fifteen per cent.; and if over
£50,000, twenty per cent, from the excess of £10,000; which principle he
stated he would adopt in every other class. With regard to the 4th and 8th
classes he did not propose any deduction from their losses under £10,000;
but from this amount to £50,000, he proposed a deduction of twenty per cent.,
and if over £50,000 and above £200,000, seventy per cent., and so on in proportion.
Mr. Henry Harford, the last Proprietary of Maryland, having filed his
claim for losses sustained in being deprived of his lands and revenues in
Maryland, and having remained loyal to Great Britain, came under the
8th class. He estimated his loss at £447,000, which the commissioners
liquidated at £210,000. This claim, by applying the above mentioned
principle of settlement would amount to £50,000, which Mr. Pitt " thought
was a very handsome compensation from the public, especially as there
were two demands on Mr. Harford's estate of £10,000 each, which would
also be paid in full, and Mr. Harford would be thus exonerated from
those debts." He next proposed to pay those who had lost their incomes from
office or profession. Those whose incomes did not exceed £400 per annum,
should receive pensions after the rate of £50 per cent, of such income, and
£40 per cent, for every £100 above £400 where the same did not exceed £1,500
per annum, and where the value exceeded £1,500, 30 per cent, per every £100
exceeding £400. Having discussed this subject thoroughly, he proposed the
amount of the various sums should be issued in " Debentures," bearing an
interest of 3i per cent., which would be nearly equal to a money payment;
and that the whole should be paid off by instalments, by means of a lottery.
This plan of Mr. Pitt's met with general approval from all quarters, excepting the ratio of compensation to be applied to the loss of Henry Harford.
After a long and. tedious debate, however, this claim was satisfactorily settled—
Mr. Harford receiving £90,000 in all—£70,000 for himself, and £10,000 each
to his two sisters.
| Title | History of Maryland - 2 |
| Creator | Scharf, J. Thomas (John Thomas) |
| Publisher | J. B. Piet |
| Place of Publication | Baltimore |
| Date | 1879 |
| Language | eng |
| Type | Books/Pamphlets |
| Title | 00000431 |
| Type | Books/Pamphlets |
| Transcript | 394 HISTORY OF MARYLAND. 1st. Loyalists who had rendered service to Great Britain 204 2d. Loyalists who had borne arms in the service of Great Britain 481 3d. Zealous and uniform loyalists 626 4th. British subjects resident in Great Britain 20 5th. Those who took the oath of allegiance to the Americans, but afterwards joined the British 27 6th. Deserters from the American army who joined the British 23 7th. Losers under the Prohibitory Act 3 8th. Loyal British Proprietors 2 9th. Subjects or settled inhabitants of the United States 25 10th. Claims disallowed and withdrawn 313 11th. Loyal British subjects who were to have relief by the treaty, but failed in procuring it 4 He proposed "to pay the classes 1, 2, 3, 5, 6, 7, whose liquidated losses did not amount to more than £10,000 each, the full amount of their losses: and if they should exceed the sum of £10,000, up to £35,000, then to deduct ten per cent.; and if over £35,000 to £50,000, fifteen per cent.; and if over £50,000, twenty per cent, from the excess of £10,000; which principle he stated he would adopt in every other class. With regard to the 4th and 8th classes he did not propose any deduction from their losses under £10,000; but from this amount to £50,000, he proposed a deduction of twenty per cent., and if over £50,000 and above £200,000, seventy per cent., and so on in proportion. Mr. Henry Harford, the last Proprietary of Maryland, having filed his claim for losses sustained in being deprived of his lands and revenues in Maryland, and having remained loyal to Great Britain, came under the 8th class. He estimated his loss at £447,000, which the commissioners liquidated at £210,000. This claim, by applying the above mentioned principle of settlement would amount to £50,000, which Mr. Pitt " thought was a very handsome compensation from the public, especially as there were two demands on Mr. Harford's estate of £10,000 each, which would also be paid in full, and Mr. Harford would be thus exonerated from those debts." He next proposed to pay those who had lost their incomes from office or profession. Those whose incomes did not exceed £400 per annum, should receive pensions after the rate of £50 per cent, of such income, and £40 per cent, for every £100 above £400 where the same did not exceed £1,500 per annum, and where the value exceeded £1,500, 30 per cent, per every £100 exceeding £400. Having discussed this subject thoroughly, he proposed the amount of the various sums should be issued in " Debentures," bearing an interest of 3i per cent., which would be nearly equal to a money payment; and that the whole should be paid off by instalments, by means of a lottery. This plan of Mr. Pitt's met with general approval from all quarters, excepting the ratio of compensation to be applied to the loss of Henry Harford. After a long and. tedious debate, however, this claim was satisfactorily settled— Mr. Harford receiving £90,000 in all—£70,000 for himself, and £10,000 each to his two sisters. |
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