Professor Jere Daniell’s Insights, Navigation Acts, Culpepper, and New Hampshire Heroes

Jere Daniell is a legend in the Upper Valley as an unbeliveable resource regarding many things- he is encyclopedic in his knowledge of Colonial America. Pip enjoyed a lunch with Jere yesterday and got schooled! Part of our interest was in the Navigation Acts.Yes, 60 of them designed to tax Americans for their intra colonial trade in goods and services.

The Navigation Acts-  1650-1696

The Navigation Acts were passed by the English Parliament in the seventeenth century. The Acts were originally aimed at excluding the Dutch from the profits made by English trade. The mercantilist theory behind the Navigation Acts assumed that world trade was fixed and the colonies existed for the parent country. http://thenagain.info/webchron/usa/navigation.html

Back to The Colonial Era Chronology

The Navigation Acts of 1660 and 1696 restricted American trade in the following ways;

1. Only British ships could transport imported and exported goods from the colonies.
2. The only people who were allowed to trade with the colonies had to be British citizens.
3. Commodities such as sugar, tobacco, and cotton wool which were produced in the colonies could be exported only to British ports.

But also part of our shared interest was in the Culpepper Rebellion of 1677 in North Carolina. An early hero of the American Revolution….

Culpeper’s Rebellion (1677-79), was an early popular uprising against proprietary rule in the Albemarle section of northern Carolina, caused by the efforts of the proprietary government to enforce the British Navigation Acts. These trade laws denied the colonists a free market outside England and placed heavy duties on commodities.The colonists’ resentment found an object in the deputy governor, Thomas Miller, who was also customs collector. Led by John Culpeper and George Durant, the rebels imprisoned Miller and other officials, convened a legislature of their own, chose Culpeper governor, and for two years capably exercised all powers and duties of government. Culpeper was finally removed by the proprietors and tried for treason and embezzlement but was never punished.

Books About New Hampshire

Table of Contents        Title Index

The New Hampshire State Library first published Books About New Hampshire in 1946. Updated editions were published in 1955, 1962, 1965 and 1969. In 1979 the New Hampshire Department of Education published New Hampshireiana: Books of New Hampshire 1969-1979. This brochure continued the work begun by the State Library in 1946. Entries in New Hampshireiana were obtained from the “New Hampshire Books” column in each issue of Granite State Libraries. This column, by Eleanor O’Donnell of the State Library, showcases new books about New Hampshire or by New Hampshire authors. The column is still being published in Granite State Libraries.

This publication incorporates most of the information in the earlier Books About New Hampshire and New Hampshireiana plus the “New Hampshire Books” column through mid 1999. In editing and organizing the material, I have purposely excluded certain types of books. Listed below are the types of books generally NOT included in this bibliography:

General histories of New Hampshire Town histories Genealogies Travel guides

Regimental histories Books about New England Local cookbooks Government documents

Do not consider this guide to be a comprehensive bibliography of all books about New Hampshire. However, it should be helpful to people interested in New Hampshire literature.

Books About New Hampshire
Compiled by Donna V. Gilbreth
Revised & Enlarged
1999

New Hampshire State Library
20 Park Street
Concord, NH 03301
November 2000

This Housing Recovery Is Different: Investors Are Now Big Buyers By Bernice Napach | Daily Ticker

http://finance.yahoo.com/blogs/daily-ticker/housing-recovery-different-investors-now-big-buyers-145259693.html

There’s no doubt that housing is recovering. Existing home sales—which account for the bulk of the market—have topped year-ago levels for 20 months in a row and existing home prices have bested year-ago levels for 12 consecutive months. In addition, inventories of those homes have dropped to a 4.7 month supply — far below the more normal 6 months.

But unlike past housing recoveries, this one is heavily supported by investors — big and small. They account for about a third of home purchases in the existing housing market, according to the National Association of Realtors. Among those big investors are the Blackstone Group (BX) which has been buying $100 million worth of single family homes a week since early last year, spending a total $3.5 billion to date, according to the Wall Street Journal.

A Challenge to “Put Your Money Where Your Mouth Is”

Three Revolutions, recently featured on Vermont Public Radio, is a new Vermont-based crowd-funding portal whose mission is to bring the rise in social media platforms, the growing consumer demand for “natural, organic, local, sustainable” food sources, and community investment together to create an organization through which consumers can support the endeavors of farmers and other food innovators in their communities.

Here’s how it works:

(Photo Source)

Creating a campaign to seek funding is simple and applications may be submitted at any time. Once approved, a campaign will be active for sixty days. After those sixty days, 90% of profits are given directly to the “planters” to begin their business venture. (Source)

There are currently two open campaigns on Three Revolutions:

Furtile Turtle Slow Food Truck

Goal: $5,000   Ends: April 5

“The Furtile Turtle is a slow food truck, an offshoot of the Fertile Underground Natural Cooperative. We plan to bring healthy, local, and nourishing produce and food selections to areas where there is currently no access. We’ll also have delicious and hearty prepared foods to choose from, tried and tested recipes from our family that have been cooked and shared for years. The truck is also going to work in collaboration with Pasture to Plate to provide on-farm dinners, educational workshops, and opportunity for local farmers to produce value added products.”

Saving the Thorpe First Nation Organic Farm

Goal: $16,000  Ends: May 20

“The Thorpe First Nation Organic Farm is located in Historic Bucks County near Washington Crossing, Pennsylvania. It is one of the few Native-American owned farms in this part of America. We are a 145-acre farm surrounded by grand mansions on large tracts of land. In order for farming to survive here and elsewhere, it’s imperative that our cross-rural settings live in harmony with each another. As we greet people visiting our Farm we are spreading a message of the worth that comes from organic crops and animals, even as we share the terrain with very large homes.”

According to an interview with VPR, Three Revolutions hopes to expand well-beyond Vermont borders soon. But for now, it’s our diamond in the rough, featuring innovators from local communities who understand the power that nutritious, sustainable local food has to bring people together. Through Three Revolutions, these networks have been able to go from small, local bands of people within communities to also now including new supporters within the town, state, country and world, who are willing to back the food-loving innovator next door to help their dream become a reality.

You may join in supporting these campaigns or start your own on the Three Revolutions website.

Immigration, EB-5 Projects, and Sharing the Upper Valley with New Visitors

Almost everyone in the Upper Valley knows of the success of the destination site, Jay Peak, which was revitalized by Bill Stenger using the EB-5 program. What kids will tell you is that Jay Peak is FUN! Vermont and New Hampshire officials are on their way back from a summit in Shanghai, China on EB-5 programs. The graph below shows the importance of Asia.

Started in 1990, the federal EB-5 program grants green cards to foreign investors who inject $500,000 or more into the nation’s economy and create 10 jobs. As VT Digger details:

Brent Raymond, who directs the Vermont EB-5 regional center, told VTDigger that he’s mainly promoting two already approved EB-5 projects in the state: the DreamLife retirement resorts project, signed off by Lawrence Miller, the state’s secretary of Commerce and Community Development, in November 2012, and Bill Stenger’s well-known $600 million Jay Peak Resort expansion. Raymond left Wednesday to attend the Invest in America 2013 Summit and Exhibition from March 15-18 in Shanghai, a major convention which focuses on foreign investment in America and real estate development, mostly in the context of the EB-5 visa program.

These investment summits are effectively regional marketing meetings for investors. But the Upper Valley is very appealing to Chinese investors seeking low cost land, a high quality of life, and proximity to the East Coast financial centers. VT’s EB-5 Head Raymond’s Summit goal is also long term and pragmatic. Again, he explained in VT Digger :

Raymond doesn’t have a target dollar figure he’d like to secure in promised investments. He said the Invest in America 2013 Summit is more about making a first impression on investors and holding initial meetings prior to rigorous background checks on investors and the source of their funds. “The Chinese represent 90 percent of EB-5 investment in the nation, followed by South Korea, Taiwan, Iran and Venezuela,” said Raymond. “The Vermont regional center is well-known in China, but still, we’re competing against a couple hundred other regional centers and need to continue to market. This is a group of people we need to be in front of.”

These programs offer real promise in attracting new, well-capitalized families to the Upper Valley. A new committee in the Upper Valley League, working to implement positions in the League of Women’s Voters aims to: Secure equal rights and equal opportunity for all. Promote social and economic justice and the health and safety of all Americans. (http://uppervalleyleague.org/socialpolicy.html). Discover Newport VT reveals the true merit of Mr. Stenger:  “EB-5 has worked for Jay by creating hundreds of jobs and growing a failing economy.  Stenger says he sees Jay Peak and recently purchased Burke Mountain’s growth as vehicles to boost the region and the state. But that is only part of the equation for his success. “It is done through listening and ordinary hard work,” Stenger said. “Nothing else.” He bristles at being called a visionary for Vermont.  However, in an economy where corporations cut staff to boost margins, EB-5 program implementers have helped to create jobs in Vermont and the Upper Valley more generally. Now 64, he spent decades talking to mentors, staff, friends, colleagues, family and even lift line strangers. Newport VT resident Stenger embodies the idea that all of the people brave and passionate enough to speak up inspire him; and he has become the ambassador for their creativity and courage. “I am a collector of ideas,” he said. “It comes from paying attention to the market and hearing what people want to make the experience better.” Let’s applaud Bill, entrepreneurs and people with vision and the drive to accomplish it!

Web Searching and Small Cap Real Estate ETF Called ROOF Shines

If the stock market is any guide, real estate continues a strong recovery that began in 2011. Small cap housing real estate investment trusts have been up 20-35% this year alone as new capital flows into the fund. Zacks gets credit for calling this trend last summer on a product called ROOF. The IndexIQ detail is here: (http://www.indexiq.com/indexes/real-estate-indexes.html). What the chart below shows is that Zillow and Trulia have become destination sites for real estate sellers and buyers despite some issues regarding lack of local market awareness and scarcity knowledge. If you don’t over-intellectualize their valuation estimates, they do collect a lot of data and it complements what you find on MLS sites.

Is ROOF a Better Real Estate ETF?

by Zacks ETF Research, August 23, 2012  – ROOF IYR VNQ

The real estate segment has been a huge winner this year despite the ongoing chaos in the European market and the uncertain U.S. growth outlook. This is largely thanks to strengthening commercial real estate fundamentals, recovering housing sentiments, high dividend payouts and low interest rates are making securities in this segment attractive at present. Investors looking to cycle their exposure back to the market might consider real estate ETFs for their exposure. These have often outperformed the other traditional safe havens such as bonds and gold, suggesting that they have also become a solid bet as of late (read: Real Estate ETFs: Unexpected Safe Haven). Though many U.S. real estate ETFs have gained more than 10% so far this year, the small cap IQ US Real Estate Small Cap ETF ( ROOF ) has outpaced its large counterparts in the space such as Vanguard REIT ETF ( VNQ – ETF report ) and iShares Dow Jones US Real Estate Index Fund ( IYR ) by at least 700 bps in the year to date time frame, meaning that small caps are leading the charge back higher. As the real estate market recovers, small cap real estate ETFs are poised to benefit enormously from the current market environment, implying that they could continue to outperform heir large cap counterparts as the year progresses. This is because small caps are less vulnerable to global trends, tend to do better on average in rising markets, and can potentially offer a different—and hopefully better—sector mix than their large cap peers in changing markets (read: Small Cap Real Estate ETFs: Crushing The Competition).

A Review of Hanover Home and Condo Transactions: 2010-2012

The Barton Group has updated our analysis of Hanover sales for 2012 and through January from the Town Clerk’s records. Contact us if you want the underlying data and the information that we gathered from multiple sources if this market interests you.

Hanover is a town along the Connecticut River in Grafton County, New Hampshire, United States. The population was 11,260 at the 2010 census.^[1] CNN and Money magazine rated Hanover the sixth best place to live in America in 2011,^[2] and the second best in 2007.^[3] Dartmouth College and the US Army Corps of Engineers Cold Regions Research and Engineering Laboratory are located there. The Appalachian Trail crosses the town.

Here are some key conclusions:

* Hanover listings were relatively flat in 2012 vs 2011 at 120, but 20% more (83 total) sold as some concerns about Obama tax increases spurred year-end closes;
* Due to this tax planning skew, the average selling prices jumped 10% to $629K on average;

* Based on a 22% gain in volume and 10.2% gain in price, the total make sales volume rose 33% to $53.4M

* The premiums streets in terms of price realization are: Rope Ferry Road, Occom Ridge, Rip Road, Parkway and Three Mile Road ($380 – 581 sq/ft);

* There remain significant parcels of land in current use at extremely low assessments – such as Ruddsboro Road (150 acres at 178 Ruddsboro Road sold 1/16/13 for $238K which was 255% over its $93K assessment);

* The condo stock in Hanover is aging and over-assessed, as a result of depreciation and overtaxation, prices continue to fall 3-7% per year; Assessments are 5-10% above transaction prices although the recent opening of the Gile Condo Community next to the Dartmouth Hitchcock hospital complex.

* The average condo of 1,225 square feet sold for $225 sq ft, or nearly 40% below the average selling price for homes in Hanover (55 condo sales vs the top 30 home sales from 2010 through January 2013);

* Transaction prices for the top 30 home sales were $1.13M while the average condo sale tranascted for just a quarter of that or $259K.

* The top 30 home transactions (ex condos) between 2010 and 2012 in Hanover traded at 107% of assessment for average 2,990 square foot properties at $272 per square foot.

Make the Upper Valley Lake Sunapee Region the best place to live, learn, work, and play for everyone- Planning Meeting Upcoming

Upper Valley Life

(video by Creare)

Upper Valley Lake Sunapee Regional Planning Commission

How can we make the Upper Valley Lake Sunapee Region the best place to live, learn, work, and play for everyone?

We imagine you have great answers to this question and we hope you will consider being a part of an upcoming informative conversation about the future of our communities, our region, and our state.

The issues local leaders face are many, including public health, transportation, economic development, infrastructure, housing, land use, energy, cultural, historic, natural resources and more. Upper Valley Lake Sunapee Regional Planning Commission is committed to engaging everyone to identify local assets, needs and ways to effectively use limited government resources.  Community conversations are designed and hosted by NH Listens and UNH Cooperative Extension. All perspectives are welcome and we hope you will join us!  

Tuesday, February 26, 2013

The Common Man Inn and Restaurant,

21 Water Street

Claremont, NH 03743

6:00 p.m. Sign in and Refreshments

6:30 – 9:00 p.m. Program

On-site childcare will be available.

Register at: http://tinyurl.com/RegisterListening or by calling NH Listens at 603.862.0692