Mortgages, 1786-1815
Item
Country
US
Name of institution (official language of the state)
Language of name of institution
eng
Contact information: postal address
8301 Parklane Road, Columbia, SC 29223
Contact information: phone number
001 803 896 6196
Contact information: web address
Contact information: email
Reference number
S 218157
Type of reference number
Call number
Title (official language of the state)
Mortgages, 1786-1815
Language of title
eng
Creator / accumulator
State Treasurer. Commissioner of the Paper Medium Loan
Date(s)
1786/1815
Language(s)
eng
Extent
2 volumes
Type of material
Textual Material
Physical condition
Good
Scope and content
This series forms part of the office of the Commissioner of the Paper Medium Loan of the State Treasurer and consists of signed and sealed mortgages to the Commissioners of the Loan Office. Information includes the name of the person receiving the loan, a description of the property being mortgaged, the loan amount, and the loan terms. Many of the signatures were cut out or defaced while recording the satisfaction of the loans. In a few cases, receipts have been substituted for removed mortgages that explain their removal for use in legal proceedings.
Property descriptions for mortgaged real estate usually include acreage; physical location including natural features, boundaries, and surrounding landholders; and description of how the property was acquired by the owner who mortgaged it. Some mortgages mention that the owners purchased the property from the Commissioners of Forfeited Estates.
This series includes a few mortgages related to properties belonging to Joseph Salvador, such as the following:
Vol. A, p. 126: Mortgage for two tracts: one for 429 acres on Long Cane Branch, Abbeville County, part of a tract granted originally to Joseph Salvador, and the other for 640 acres on Golden Grove Creek, Greenville County. It includes plat and appraisement. May 5, 1786.
Vol. A, p. 172: Mortgage for 1,795 acres, composing a plantation known as Belleford, in Abbeville County, Ninety Six District, purchased from Andrew Williamson, which was bounded to a plot of land belonging to Joseph Salvador. May 9, 1786.
Property descriptions for mortgaged real estate usually include acreage; physical location including natural features, boundaries, and surrounding landholders; and description of how the property was acquired by the owner who mortgaged it. Some mortgages mention that the owners purchased the property from the Commissioners of Forfeited Estates.
This series includes a few mortgages related to properties belonging to Joseph Salvador, such as the following:
Vol. A, p. 126: Mortgage for two tracts: one for 429 acres on Long Cane Branch, Abbeville County, part of a tract granted originally to Joseph Salvador, and the other for 640 acres on Golden Grove Creek, Greenville County. It includes plat and appraisement. May 5, 1786.
Vol. A, p. 172: Mortgage for 1,795 acres, composing a plantation known as Belleford, in Abbeville County, Ninety Six District, purchased from Andrew Williamson, which was bounded to a plot of land belonging to Joseph Salvador. May 9, 1786.
Administrative / Biographical history
In South Carolina, the American Revolution was a bitter civil war, and the state emerged from that conflict with heavy damage to property and its economy in shambles. The Paper Medium Loan was one of several measures of debtor relief passed by the General Assembly in the 1780s. Like some other measures, it primarily helped large planters, many of them in the low country.
South Carolina Statute 1785 (4) 712, "An Act to Establish a Medium of Circulation, by Way of Loan, and to Secure its Credit and Utility", provided that the state would loan between 30 and 250 pounds in paper money to people mortgaging land worth three times, or gold or silver plate worth twice the borrowed amount. The act specified the denominations and quantities of the paper bills to be issued and provided that the bills were accepted at face value by "the treasury of this State in discharge of all debts, duties, and taxes." An act of 1786 altered the denomination of the bills.
Interest was set at seven per cent per year, and the borrowed sum was to be repaid within five years. A series of subsequent appropriation acts delayed the time the loans had to be repaid until South Carolina Statute 1826 (6) 295 required the Comptroller General to call in the debts "in three equal annual installments."
South Carolina Statute 1785 (4) 712, "An Act to Establish a Medium of Circulation, by Way of Loan, and to Secure its Credit and Utility", provided that the state would loan between 30 and 250 pounds in paper money to people mortgaging land worth three times, or gold or silver plate worth twice the borrowed amount. The act specified the denominations and quantities of the paper bills to be issued and provided that the bills were accepted at face value by "the treasury of this State in discharge of all debts, duties, and taxes." An act of 1786 altered the denomination of the bills.
Interest was set at seven per cent per year, and the borrowed sum was to be repaid within five years. A series of subsequent appropriation acts delayed the time the loans had to be repaid until South Carolina Statute 1826 (6) 295 required the Comptroller General to call in the debts "in three equal annual installments."
Access points: locations
Access points: persons, families
Access points: subject terms
Access points: document types
System of arrangement
Series are arranged chronologically by date of mortgage in two letter-designated volumes (A and B). The page numbers in the volumes run consecutively through the two volumes and also function as mortgage numbers.
Access, restrictions
The entire series and the related plats and appraisements in series S218158 have been digitised. The digital images are linked to index hits from the On-line Records Index on the repository's website.
Finding aids
All personal names and geographic locations mentioned in the mortgages are included in the repository's On-line Combined Index to Multiple Record Series, 1675-1929, and in the Combined Alphabetical Index produced by the repository on computer output microfilm (COM) in 1991.
Links to finding aids
Author of the description
Carla Vieira, 2022
Linked resources
Filter by property
| Title | Alternate label | Class |
|---|---|---|
| Jews of Charleston, South Carolina Collection | Existence and location of originals |
| Title | Alternate label | Class |
|---|---|---|
| South Carolina Department of Archives and History | Collections (official language of the state) |