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became the foundation for the legend that Minuit had purchased Manhattan from th
e Native Americans for 24 dollars' worth of trinkets and beads, the guilder rate
at the time being about two and a half to a Spanish dollar. In modern money, th
e price of 60 Dutch guilders in 1626 amounts to around $1,100 in 2012 dollars.[7
] Further complicating the calculation is that the value of goods in the area wo
uld have been different than the value of those same goods in the developed mark
et of the Netherlands.
In 1639 the colony's Sawmill stood at what was later the corner of East 74th Str
eet and Second Avenue, at which African laborers cut lumber.[8][9]
The New Amsterdam settlement had a population of approximately 270 people, inclu
ding infants. In 1642 the new director-general Willem Kieft decided to build a s
tone church within the fort. The work was carried out by recent English immigran
ts, the brothers John and Richard Ogden. The church was finished in 1645 and sto
od until destroyed in the Slave Insurrection of 1741.
A pen-and-ink view of New Amsterdam,[10][11] drawn on-the-spot and discovered in
the map collection of the Austrian National Library in Vienna in 1991, provides
a unique view of New Amsterdam as it appeared from Capske (small Cape) Rock in
1648. Capske Rock was situated in the water close to Manhattan between Manhattan
and Noten Eylant, and signified the start of the East River roadstead.
New Amsterdam received municipal rights on February 2, 1653, thus becoming a cit
y (Albany, then named Beverwyck, received its city rights in 1652.) Nieuw Haarle
m (now known as Harlem) was formally recognized in 1658.
The first Jews known to have lived in New Amsterdam arrived in 1654. First to ar
rive were Solomon Pietersen and Jacob Barsimson, who sailed in the summer of 165
4 directly from Holland, with passports that gave them permission to trade in th
e colony.[12] Then in early September, 23 Jewish refugees arrived from the forme
rly Dutch city of Recife, which had been conquered by the Portuguese in January
of that year.[13] The director of New Amsterdam, Peter Stuyvesant, sought to tur
n them away but was ultimately overruled by the directors of the Dutch West Indi
a Company in Amsterdam.[14] Asser Levy, an Ashkenazi Jew who was one of the 23 r
efugees, eventually prospered and in 1661 became the first Jew to own a house in
New Amsterdam, which also made him the first Jew known to have owned a house an
ywhere in North America.[15]
English capture
The Fall of New Amsterdam, by Jean Leon Gerome Ferris. Peter Stuyvesant (left of
center, with wooden leg) stands on shore among residents of New Amsterdam who p
lead with him not to fire on the English warships.
On August 27, 1664, while England and the Dutch Republic were at peace, four Eng
lish frigates sailed into New Amsterdam's harbor and demanded New Netherland's s
urrender, whereupon New Netherland was provisionally ceded by director-general P
eter Stuyvesant. On September 6 Stuyvesant sent lawyer Johannes De Decker and fi
ve other delegates to sign the official Articles of Capitulation. This was swift
ly followed by the Second Anglo-Dutch War, between England and the Dutch Republi
c. In June 1665, New Amsterdam was reincorporated under English law as New York
City, named after the Duke of York (later King James II). He was the brother of
the English King Charles II, who had been granted the lands.[16]
That same year Jan van Bonnel built a saw mill on East 74th Street and the East
River, where a 13,710-meter long creek or stream that began in the north of toda
y's Central Park, which became known as the Saw Kill or Saw Kill Creek, emptied
into the river.[17][18] Later owners of the property George Elphinstone and Abra
ham Shotwell replaced the saw mill with a leather mill in 1677.[17][19]
In 1667 the Treaty of Breda ended the conflict. The Dutch did not press their cl
aims on New Netherland. In return, they were granted the tiny Island of Run in N
orth Maluku, rich in nutmegs, and a guarantee for their de facto possession of S
uriname, captured by them that year.
English colonial Governor Richard Nicolls made 74th Street, beginning at the Eas
t River, the southern border patent line (which was called the "Harlem Line") of
the village of New Harlem (later, the village of Harlem); the British renamed t
he village "Lancaster".[20]
In July 1673, during the Third Anglo-Dutch War, the Dutch briefly occupied New Y
ork City and renamed it New Orange.[citation needed] Anthony Colve was installed
as the first Governor. Previously there had only been West India Company Direct
ors. After the signing of the Treaty of Westminster in November 1674, the city w
as relinquished to the English and the name reverted to "New York". Suriname bec
ame an official Dutch possession in return.