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.

Experimenting with Real Estate Video

http://www.agentcasts.com/Grovenor-House-2627-South-Bayshore-Drive-Coconut-Grove-FL.html

So, at the Barton Group, we are looking into videography as a means to make the beauty of the Upper Valley more accessible to US buyers not aware of our assets and foreign buyers. Some sellers are sensitibve about having their homes and possessions online which is a concern we share and want to respect. Clients are kings and queens for the Barton Group!

Here’s an example of how it works:
Property Description: Carl Marzola of Atlantic Properties International Inc. presents Grovenor House – 2627 South Bayshore Drive Unit 2206 Coconut Grove, FL 33133. This unit features 2 bedrooms and 2.5 baths, and is listed at $1.495,000.

Rising above Coconut Grove and Biscayne Bay, Grovenor House has been called the “Jewel” of Coconut Grove and has earned the reputation as one of South Florida’s premiere properties, developed by internationally acclaimed Italian developer, Ugo Columbo. This magnificent tower offers 32 stories of estate sized residences with unsurpassed and commanding unprecedented water vistas of Biscayne Bay and the Atlantic Ocean. You are greeted by only the highest standards of excellence throughout this lush 3.5 acre resort which is conveniently located across from a marina for easy boating access and the finest of restaurants that are unique to Coconut Grove residents. And you’re just minutes to South Beach and Coral Gables.

Support Upper Valley Community Banking!

 

ICBA Outlines Its Regulatory Aims for 2013

 NationalMortgag…

Sources: http://www.icba.org/consumer/BankLocator.cfm

http://www.fdic.gov/regulations/resources/cbi/

The Independent Community Bankers of America (ICBA) has announced its top legislative and regulatory priorities for the coming year. ICBA made the announcement in Las Vegas at the 2013 National Convention and Techworld. “ICBA’s policy priorities are set to ensure community banks have the opportunity to support greater economic growth, job creation and prosperity nationwide,” said Bill Loving, incoming ICBA chairman and president and CEO of Pendleton Community Bank in Franklin, W. Va. “Our policy agenda is focused on minimizing the negative impact of excessive regulations, addressing the overly aggressive examination environment, minimizing risks to our financial system and creating greater economic activity and growth in local communities.”

ICBA’s top priorities for 2013 include:

►Exempting financial institutions with consolidated assets of $50 billion or less from Basel III and the standardized approach. ICBA supports strong capital requirements for all banks, but any regulatory response to the financial crisis of 2008, including any changes to the capital standards, should begin with the recognition that community banks were not the cause of that crisis. Applying these new proposed rules to community banks would drive broad industry consolidation and harm communities served by community banks.

►Expanding community bank accommodations in new Consumer Financial Protection Bureau (CFPB) mortgage-lending rules to allow them to continue serving their customers and communities. As relationship lenders that underwrite loans based on firsthand knowledge of their customers and communities and who thrive based on the strength of their reputations, community banks have every incentive to make fair, common-sense and affordable loans. They do not need burdensome, prescriptive regulations to compel them to do so.

►Exempting community banks from CFPB rules designed to address abuses in large-bank mortgage servicing. Community banks have not perpetrated abuses in servicing and should be exempt from any prescriptive rules that make servicing too costly for them. The CFPB should carefully coordinate the implementation of all the proposed mortgage rule makings to minimize the cost and impact on community banks and consumers.

►Relieving community banks from excessive regulations to allow them to support the credit needs of their customers, serve their communities and contribute to their local economies. ICBA’s Plan for Prosperity legislative platform for the 113th Congress contains a number of targeted provisions that would provide regulatory relief for community banks. ICBA urges Congress and the regulatory agencies to continue to expand and refine a tiered regulatory and supervisory system that recognizes the differences between community banks and larger, more complex institutions.

►Urging Congress to review the unwarranted federal tax subsidy of the credit union industry. ICBA continues to oppose expanded powers for credit unions, particularly the proposal to raise the cap on member business lending, as long as credit unions remain exempt from taxation and the Community Reinvestment Act. The association also opposes legislation that would allow credit unions to raise supplemental capital and, in effect, cease being exclusively member-owned cooperative entities—a condition of their original tax exemption.

►Supporting legislation that ensures greater deliberation and accountability for consumer-protection regulations. ICBA supports measures to replace single-director governance of the CFPB with a five-member commission. Additionally, the Financial Stability Oversight Council should have the power to veto CFPB rules under a more practical and realistic standard than currently exists.

►Advocating the use of consistent standards when evaluating a community bank’s fair-lending practices. ICBA opposes changes to methodologies, standards or analysis used to assess fair-lending compliance without providing proper notice to community banks. ICBA supports transparency regarding the legal theories and methodologies used when enforcing fair-lending laws, and it opposes any cause of action under the Fair Housing Act for disparate impact without a finding of intentional discrimination.

►Urging Congress to abolish the FCS or at least restrict it to its historical mission of serving the agricultural marketplace. ICBA adamantly opposes the FCS’s expansionist agenda, which would allow FCS lenders to become the equivalent of commercial banks while retaining their status as government-sponsored enterprises with its inherent tax and funding advantages. The Farm Credit Act should further define and narrowly target FCS lending activities to refocus on serving bona fide farmers and ranchers and young, beginning and small farmers and their farmer-owned cooperatives.

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.