notes on plan of the association of the asylum company · nicholson the soul owner of shares...
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“Plan of Association of the Asylum Company” (1794): On April 22, 1794, Robert Morris and
John Nicholson created the Asylum Company, created for the purpose of selling lands in north
central Pennsylvania. The plan contains articles of agreement describing how the lands should
be divided and sold. An amendment to the plan was added on April 25, 1795, making John
Nicholson the soul owner of shares (except for those previously sold) after Robert Morris
overextended his finances, and eventually went to debtor’s prison.
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