Yazoo Companies

Yazoo Companies
Yazoo Fraud Yaz"oo Fraud (U. S. Hist.) The grant by the State of Georgia, by Act of Jan. 7, 1795, of 35,000,000 acres of her western territory, for $500,000, to four companies known as the

{Yazoo Companies} from the region granted; -- commonly so called, the act being known as the

{Yazoo Frauds Act}, because of alleged corruption of the legislature, every member but one being a shareholder in one or more of the companies. The act granting the land was repealed in 1796 by a new legislature, and the repealing provision was incorporated in the State constitution in 1798. In 1802 the territory was ceded to the United States. The claims of the purchasers, whom Georgia had refused to compensate, were sustained by the United States Supreme Court, which (1810) declared the repealing act of 1796 unconstitutional. Congress in 1814 ordered the lands sold and appropriated $5,000,000 to pay the claims. [Webster 1913 Suppl.]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • Yazoo Fraud — Yaz oo Fraud (U. S. Hist.) The grant by the State of Georgia, by Act of Jan. 7, 1795, of 35,000,000 acres of her western territory, for $500,000, to four companies known as the {Yazoo Companies} from the region granted; commonly so called, the… …   The Collaborative International Dictionary of English

  • Yazoo Frauds Act — Yazoo Fraud Yaz oo Fraud (U. S. Hist.) The grant by the State of Georgia, by Act of Jan. 7, 1795, of 35,000,000 acres of her western territory, for $500,000, to four companies known as the {Yazoo Companies} from the region granted; commonly so… …   The Collaborative International Dictionary of English

  • Yazoo land scandal — The Yazoo Land Scandal, Yazoo Fraud or Yazoo Land Fraud was a massive fraud perpetrated by several Georgia governors and the state legislature from 1795 to 1803 by selling large tracts of land to insiders at ridiculously low prices.The Yazoo Land …   Wikipedia

  • Yazoo land fraud — (1795–1814) Scheme to sell land in Georgia. After legislators were bribed to sell Georgia s western land claims around the Yazoo River to four land companies for $500,000, public anger forced a newly elected Georgia legislature to rescind the act …   Universalium

  • Blues — This article is about the music genre. For other uses, see Blues (disambiguation). Blues Stylistic origins African American folk music Work song Spirituals Cultural origins Late 19th century, southern United States Typical instruments …   Wikipedia

  • 54th Regiment Indiana Infantry (1 year) — Infobox Military Unit unit name=54th Indiana Infantry caption= dates= October 28th, 1862 December 8th, 1863 country= United States of America allegiance= Union Army branch= Army type= Infantry role= size= command structure= current commander=… …   Wikipedia

  • Mississippi — /mis euh sip ee/, n. 1. a state in the S United States. 2,520,638; 47,716 sq. mi. (123,585 sq. km). Cap.: Jackson. Abbr.: MS (for use with zip code), Miss. 2. a river flowing S from N Minnesota to the Gulf of Mexico: the principal river of the… …   Universalium

  • Jackson, Mississippi — This article is about Jackson, the city and related subjects within the city. For subjects outside the city but relating to the Jackson metro area, see Jackson metropolitan area. For the county in the Mississippi Gulf Coast, see Jackson County,… …   Wikipedia

  • Mississippi — This article is about the U.S. state of Mississippi. For the river, see Mississippi River. For other uses, see Mississippi (disambiguation). State of Mississippi …   Wikipedia

  • Illinois Central Railroad — Illinois and Central Railroad Combined route map of the Chicago Central (red) and Illinois Central (blue) railroads in 1996.[1] …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”