[Library Company of Philadelphia]: [Episcopal Church]:

$8,500 · Offered by William Reese Company · No longer available

[MANUSCRIPT INDENTURE ON PARCHMENT DOCUMENTING THE SALE OF A PLOT OF LAND FROM THE LIBRARY COMPANY OF PHILADELPHIA TO THE ACADEMY OF THE EPISCOPAL CHURCH OF ... This indenture documents a sale made by the Library Company of Philadelphia to the Trustees of the Academy of the Protestant Episcopal Church of Philadelphia, of a lot "situate at the South East corner of Delaware Third Street and Pear Street...containing in breadth North and South on the said Third Street forty eight feet and in length or depth eighteen feet..." for the sum of "Five hundred Pounds." Also included is a provision sinking a well on an adjoining lot, and for renting another lot for six pounds a year. It is signed by Benjamin Morgan, then secretary for the library, and Zachariah Poulson, the librarian. The verso documents the release of a portion of this plot of land to the Academy from three buyers - Josiah Hewes, Mordecai Lewis, and Thomas Parke (director and board member of Library Company) - who purchased it from the Library the previous year.The Academy was founded in 1785 by the Rt. Rev. William White (the first Presiding Bishop of the Episcopal Church of the United States, the first bishop of the Diocese of Pennsylvania, and the second U.S. Senate Chaplain), at Old Christ Church as a boys school, focusing on classical education. It was and remains one of the premier private schools in the country. The first campus was located on the east side of Fourth Street, and the first headmaster was the Rev.

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