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Collinsburg July 26th 1860

Bishop Polk

Dr Sir I have made sale
of the tract of land that I promised to appro
priate to the University of the South please
instruct some person in Shcreveport as to the
manner of drawing the deed the price is ten
thousand dollars bearing interest at six per
ent per annum and payable annually
to the University

Very Respectfully
James Morris

James

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swmdal

In terms of purchasing power, $10,000 in 1860 would be worth about $289,000 in 2019, adjusted for inflation. While these figures are not directly comparable, they do indicate that $10,000 would have been a substantial sum in 1860.