Disston Land Company Bond Certificate signed by Hamilton Disston for a Florida Land Company that was responsible draining the swamp in Florida. Hamilton Disston was an industrialist and real-estate developer who purchased four million acres of Florida land in 1881, reportedly the most land ever purchased by a single person in world history.
WASHINGTON, DC (PRWEB) May 30, 2018
Scripophily.com ®, the Internet’s largest buyer and seller of collectible stock and bond certificates, is offering a RARE bond certificate from the Disston Land Company, hand signed by by Hamilton Disston issued in 1894.
Hamilton Disston (August 23, 1844 – April 30, 1896), was an industrialist and real-estate developer who purchased four million acres (16,000 km²) of Florida land in 1881, an area larger than the state of Connecticut, and reportedly the most land ever purchased by a single person in world history. Disston was the son of Pennsylvania-based industrialist Henry Disston who formed Disston & Sons Saw Works, which Hamilton later ran and which was one of the largest saw manufacturing companies in the world.
Hamilton Disston’s investment in the infrastructure of Florida spurred growth throughout the state. His related efforts to drain the Everglades (aka Drain the Swamp) triggered the state’s first land boom with numerous towns and cities established through the area. Disston’s land purchase and investments were directly responsible for creating or fostering the towns of Kissimmee, St. Cloud, Gulfport, Tarpon Springs, and indirectly aided the rapid growth of St. Petersburg, Florida. He furthermore oversaw the successful cultivation of rice and sugarcane near the Kissimmee area.
Draining and development of the Everglades Disston’s success at draining peninsular Florida quickly turned to disappointment. The positive report of his drainage results in 1883 was followed by a dreadful report in 1887. While it still credited Disston with draining parts of the upper Kissimmee valley, it credited a drought with drying the area north of Lake Okeechobee. Meanwhile, Lake Okeechobee—which typically rises and falls seasonally, and is affected by the frequent flooding and droughts associate with the Florida climate—was inundated despite Disston’s canals, and the only canal out of the lake that Disston actually completed resulted in the Caloosahatchee River flooding the surrounding area. Furthermore, Disston’s planned canals to the east and south out of Lake Okeechobee had not materialized.
On April 30, 1896, Disston had dinner with the mayor of Philadelphia and attended a theatre production with his wife in Philadelphia. The following morning, he was found dead at age 51. Although some claim that Disston committed suicide in his bathtub with a self-inflicted gunshot to the head, almost every obituary, as well as the official coroner’s report, stated that he died of heart disease in bed. The New York Times further reported that, several months before his death, Disston suffered from a bout of typhoid pneumonia.
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