PLACERVILLE, CALIFORNIA

Prospecting

At a glance: Good land deal

By From page B2 | April 30, 2014

Escabar_MimiOn April 30, 1803 U.S. Minister to France Robert Livingston, Minister to France James Monroe and France’s minister of finance Francois deBarbé-Marbois agreed on the terms of the Louisiana Purchase — $15 million for approximately 827,000 square miles of territory west of the Mississippi. This culminated a lot of diplomatic meetings and not so diplomatic meetings concerning who might become a neighboring country west of the Mississippi. It could have been Spain or France but in the end the deal was struck to sell the property to the United States. Originally the U.S. negotiating team was in France to buy land east of the Mississippi but France was saber rattling with Great Britain and de Barbé-Marbois didn’t think Louisiana was worth all that much so the United States doubled in size with one real estate deal.

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Mimi Escabar

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