Purchase
Monroe and his uncle Joseph Jones jointly purchased 4,400 acres (18 km²) of land in Loudoun County in 1794. When Jones died without direct heirs in 1805, Monroe gained sole possession of the property. However, Monroe continued to live primarily at Highland, his residence in Albemarle County—until 1826, when he was forced to sell that property to pay debts he had incurred while serving as President.
Read more about this topic: Oak Hill (James Monroe House)
Famous quotes containing the word purchase:
“Blessed assurance, Jesus is mine!
O what a foretaste of glory divine!
Heir of salvation, purchase of God,
born of the Spirit, washed in Christ’s blood.”
—Fanny J. Crosby (1820–1915)
“How happy a thing were a wedding,
And a bedding,
If a man might purchase a wife
For a twelvemonth and a day;”
—Thomas Flatman (1637–1688)
“Riches are valuable at all times, and to all men; because they always purchase pleasures, such as men are accustomed to, and desire: Nor can any thing restrain or regulate the love of money, but a sense of honour and virtue; which, if it be not nearly equal at all times, will naturally abound most in ages of knowledge and refinement.”
—David Hume (1711–1776)