St. Louis had a population of 310,864 residents in 1870, an increase of 93% over the 1860 census! It was now the fourth largest city in the United States, behind Chicago, Philadelphia, and New York. The next decade would show a continuation of impressive development in St. Louis. The City's limits reached 17.98 square miles, with a record high 58 subdivisions platted in 1870. Improvements in machinery caused industries to boom in North America, and St. Louis was no exception. This brought another influx of immigrants to the area, predominantly Germans and Irish. By 1870, Lemp Brewery was the largest brewery in St. Louis and controlled the lion's share of the market, and St. Louis became the first American city to legalize prostitution.
With the death of his business partner early in 1871, these things were probably of little concern to John Murdoch as he fought to save his business. Because Murdoch & Dickson was established as a partnership, the company dissolved on the day that Dickson died. On March 31, 1871, Murdoch qualified as surviving partner to administer the partnership estate in the probate court of the City of St. Louis. He posted a bond in the amount of $125,000, with James B. Eads and Barton Bates as sureties. (These same two men were handling the estate of Charles Dickson.) Shortly thereafter he filed an inventory of the assets of the business with the probate court.
Unfortunately, at this point in time the liabilities outweighed the assets of the company. Dickson himself was owed over $84,000 at the time of his death, and the firm was also indebted to James Eads in the amount of $34,000 and $5,000 to Barton Bates. The total indebtedness of the company was around $280,000. It is uncertain how the firm came to be in such dismal financial straights, but Murdoch was committed to trying to pay off the debt. This came at a cost to his personal financial situation.
On May 1, 1871 John and Julia Murdoch signed a Deed of Trust with Franklin A. Dick and Benjamin Farrar as parties of the second part, and Isaiah V. Williamson of the City of Philadelphia as party of the third part. Benjamin Farrar was an attorney and also Assistant Treasurer of the United States in St. Louis, and Franklin Dick practiced law in St. Louis as well. Isaiah Williamson owned a dry goods store in Philadelphia, and died a multi-millionaire in 1889. The purpose of the deed was to guarantee a $30,000 loan that was taken out on Murdoch Farm. The loan was for a period of three years at an interest rate of 8%. Three parcels of land are outlined in the deed, consisting of 226.077 acres. One of the three parcels included the house where the Murdochs made their home and the farm's outbuilding. In the event that Murdoch failed to make a payment of the principal or interest, or to properly insure the property, the land was to be sold at public auction to the highest bidder.
John Murdoch was losing his business. Would he be able to hold onto his land?
Wednesday, February 11, 2015
Tuesday, February 10, 2015
Family History Writing Challenge Day 10
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| Dickson headstone |
Dickson was very well-known in St. Louis not only for his association with the firm of Murdoch & Dickson, but also because his enterprises extended in many directions, sometimes with John Murdoch and sometimes without. He was a leading stockholder, director and officer of the Western River Improvement and Wrecking Company, contributed to the success of nearly all the railroad companies, was part of the syndicate that purchased the State Bank of Missouri and converted it into the National Bank of the State of Missouri and was Vice President of the bank until his death.
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| Construction of Eads Bridge |
At the time of his death, Dickson was also a director in the Third National Bank; the North Missouri Railroad; the Brunswick, Chillicothe and Council Bluffs Railroad; the Tower Grove Railway Company; and the People's Railway Company. He was also President of the Granby Lead Mining Company.
His death notice took up three columns in the newspaper, and concluded by stating:
Mr. Dickson was not only a man of rare abilities, but he was also a thoroughly honest man, and with all so modest and retiring, that we doubt not that many who knew him well will learn with surprise that his magic hand supported and vitalized many of the public works we have above enumerated. The death of such a man is a great public calamity.
Many St. Louisans would feel the loss of Charles Dickson.
Monday, February 9, 2015
Family History Writing Challenge Day 9
The portion of the Pitzman's 1868 map of St. Louis pictured below shows some of the property in St. Louis County that was owned by John Murdoch, as well as a piece of land held by Murdoch & Dickson.
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| Murdoch Farm 1868 |
Murdoch's Farm was described in John Thomas Scharf's book, History of St. Louis City and County as containing orchards in addition to farmland, and Murdoch himself was mentioned in the section of the book discussing Richard J. Lockwood, who lived near Murdoch.
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| John Murdoch |
Despite his apparent skills in business and farming, in 1869 Murdoch had his land surveyed and platted his farm. On April 28, 1869 an ad appeared in the real estate section of the Missouri Democrat offering the 350 acres of Murdoch Farm, divided into about five acres each, for sale at auction on May 10th. The ad read, in part, "This property is that high and beautiful ground south of Laclede Station by the property of the Sisters of the Sacred Heart....Is all under fence and mostly in cultivation and is the well known farm of John J Murdock. The mansion and the fifty acres of ground will be reserved and the balance sold to the highest bidder."
While some of the acreage sold, the vast majority of it did not, at least in 1869. The 1870 census indicated that John Murdoch, at age 55, was still living in St. Louis County with his 34-year-old wife, Julia. They had the following children: John age 11, Mary age 8, Emma age 6, George age 4, William age 2, and Joseph age 3 months. There are also four female servants listed, but no laborers. Murdoch's profession was listed as merchant, with real estate valued at $125,000 and $4,060 in his personal estate.
The firm of Murdoch and Dickson was still listed in the 1870 Edwards St. Louis Directory as being located at 204 & 206 N Main, and Murdoch was shown residing at Laclede Station Road P.R.R., reinforcing that he was still living on the farm.
On May 20, 26 & 30, 1870 postings appeared in the Missouri Republican advertising the sale of lots at Murdoch Farm. The number of available acres listed is 260, down from the originally advertised 350.
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| May 20th ad |
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| May 30th ad |
It is interesting to note that in the May 30th ad, the real estate auctioneers were serving lunch to anyone who came to look at the property. By September, lots were still be sold as indicated in this listing of Real Estate Transfers in September 26, 1870 Missouri Republican.
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| September 26, 1870 |
These two lots contain over 7 acres, and sold for $928. This transfer did not fall within the confines of the advertisements, which indicated that lots would be sold in 5 acre increments. These lots were located just south of what appears to be the actual farm land on the 1869 plat, so perhaps that is the explanation for the variance of acres sold.
Little by little, the life's work of John Murdoch was being whittled away. In 1871 he would lose something much more important to him and his family than the land they were living on.
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