?Final Price Realized includes Buyer’s Premium added to Hammer Price
Estimate: $ 3,500 - $ 5,000
YOUNG BUYS EMIGREE'S PROPERTY FOR $25,000 TO FUND EMIGRATION TO UTAH (MORMONS.) YOUNG, BRIGHAM. Signature, on a bill of exchange, acknowledging receipt of $25,000 as a trustee of payee, Thomas Tennant. Countersigned by agent to the P[erpetual] E[migrating] F[und] Franklin D. Richards. 1 page, 4x10 inches; signature written vertically across text of document; folds, embossed revenue stamp at upper left, verso blank. (MRS) Liverpool [UK], 24 May 1856
In April of 1856, Thomas Tennant (1809-1856), a wealthy Yorkshire farmer, sold his property to President of the European Mission Franklin D. Richards with the intention that the money be used to fund the emigration of his own family and others to the Utah Territory. At the same time, Tennant purchased from Young a house in Salt Lake City for $25,000. In October of the same year, Tennant died in Wyoming en route to Salt Lake Valley. Don H. Smith, "Leadership, Planning, and Management of the 1856 Handcart Emigration," The Annals of Iowa 65 (2006): 124.