May 04, 2005

Hey, have I got a bargain for YOU!

On May 4, 1626--

Dutch colonist Peter Minuit arrived on the wooded island of Manhattan in present-day New York. Hired by the Dutch West India Company to oversee its trading and colonizing activities in the Hudson River region, Minuit is famous for purchasing Manhattan from resident Algonquin Indians for the equivalent of $24. The transaction was a mere formality, however, as the Dutch had already established the town of New Amsterdam at the southern end of the island. [...]

It's probably worth at least twice that now.

Posted by Terry Oglesby at May 4, 2005 11:41 AM