Simon's Family History

Back

Dr. John Stites - The Merchant


John occupation as a Merchant are well documented. However he also appears to have been trained as a Doctor, as he went by that title, and at the administration sale of his estate his medical equipment and books feature prominently.
He may well have combined his doctoring with his career as a merchant. Coming from a well to do family he may well have used his merchant business as an investment vehicle for his capital, i.e. to make it work for him and achieve a return, as evidenced by his money lending.



From the manuscript collection of The New York Historical Society :-
 
Account :-

New York 26th May 1778
Andrew Elliot Esq. to John Stites

                   To 6 pr childrens shoes................................................. ......£1.10.0
                   To 1 pr womans shoes .................................................. ............8.6
June 1st       To Sundries as per Bill delivered .................................... .... 12.12.6
        11th    To 2yds Linen 2/10  2 yds stripe at 2/4 - 3 shoe pattens?...........17.10
        17       To 12 yds Fustian...........3/6...................................................2.02.0
                        47 yds Persian? ........11/6......4 dozen Buttons..10d...........2.15.1
                         2 Skanes Silk  -  1/6  -  6yds Ribbon....16d...........................9.6
                         98 yds Gimp at 9d  -  2 yds fringe at 1/3................................9.3
                         11/2 yds Dutch Cord - 5/6  -  1 yd Persian?  11/6................19.9
         24th    To 2pr Silk Shoe Patorns? at 2/6................................................5.0
July   26       To 6yd Edging - at 3/-  17 yd Lace  6/-.................................. 1.7.0
                    To 1yd Velvet Ribbon  1/6  2yds Linnen  6/6 ...........................14.6
August 3rd   To 2 yd Muslin............10/6.....................................................1.0.0
                                                                                                            £25:10:11
 26.  7. 8
 25.10.11
     .11.  9 -


[Acknowledgement & thanks to The New York Historical Society]

New York Directory 1786 - Stites, John, merchant, 180 Queen Street.


Other dealings by John Stites as a merchant were revealed in his applications for compensation to the British for property confiscated during the War of Independence :- 

One trunk of silk and laces

  £1260.00.00

15 tons of bar iron at £50 per ton

    750.00.00

2 ? Of Jamaica Spirits 232 gallons at 12/-

    139.04.00

50 of sugar

    112.16.00

The claim also included a schedule of debts owed to him as a money lender, 17 separate debts totaling NY£2579.07.06.

For a full account of his confiscated goods see his application for compensation.


Return to Dr. John Stites 




 

Copyright © Simon Parker-Galbreath
 
Please acknowledge me if you use info from my web pages, or email me for permission to reproduce (normally given) :-

Now on WikiTree