N.
С.
Governors
PHILIP LID WELL
I«8»-l<>91
Outstanding among the early set¬
tlers in Virginia was Philip Ludwcll,
native of the County of Somerset in
England. Emigrating to the colony,
about 1660. he later became a cap¬
tain of militia, a member of the Coun¬
cil and one of Governor Berkeley's
most able supporters. In 1686, how¬
ever, Ludwell was the champion of
the representatives in the House of
Burgesses when they refused to allow
Governor Effingham and the Council
to tax the people. On being charged
as the leader of the resistance, he was
suspended from the Council and later
dismissed by the King. Ludwell kept
his office as deputy, nevertheless, and
was selected by the Burgesses to pre¬
sent their list of grievances to the Privy
Council. In this he secured a favor¬
able decision on most of the questions
appearing in the complaint and in De¬
cember, 1689, was appointed gover¬
nor of the northern part of the Prov¬
ince of Carolina.
Ludwell’s appointment by the Pro¬
prietors was contested by another
colonist. John Gibbs declared that he
had been elected by the Council on
Sothel’s banishment from the colony.
When Gibbs and Ludwell presented
their respective claims to the Proprie¬
tors. Ludwcll's title was recognized.
Two years later he was commissioned
governor of the whole Province of
Carolina and was authorized to ap¬
point a deputy to govern the north¬
ern colony. The northern colony (Albe¬
marle) kept its own Assembly and
for a time was fortunate in having
unusually capable deputy governors.
Governor Ludwell recognized the
Great Deed of Grant of 1668, allow¬
ing the Albemarle colonists to hold
their land on the same basis as the
colonists in Virginia. A course naturally
pleasing to the colonists, it aroused
the displeasure of the Lords Proprie¬
tors and Ludwell was removed from
office.
Ludwcll returned to Virginia where
he owned two estates. Rich Neck and
Green Spring, in James City County.
There he again became a member of
the Council but returned to England
early in 1700. Ludwell married Lucy,
widow of Colonel William Bernard and
they had two children, a son Philip
and a daughter. Afterwards, he mar¬
ried Lady Frances Berkeley, widow
of the governor. His death date is not
known exactly but was probably after
1707.
Stuted Well
Ignorance never hurt anyone as
much as error; what we don't know
rarely tumbles us into catastrophe, but
what we know inaccurately often does.
— Sydni.y J. Harris.
History Lesson
Merrill Lynch has always hail the reputation of being
ready, willing, and aide to help the -mall investor.
That's a reputation we're proud of. hut it i- one that
has, on occasion, been ini-interpreted — niisinterpreted
to mean that we weren't ready, willing, and aide to help
l'ie big investor or speculator.
Nothing could he farther from the truth.
We neither love Koine more nor Caesar less. We love
them both alike -Koine anil Caesar... hig account anil
little account.
W hen this firm was lir-t put together, it wa- our aim
to provide the finest services and facilities that any
broker could have for the handling of customers' bii-i-
ii ess. As things were then, that meant the handling of
good-sized accounts, because in those days there wercii t
a- many small investors.
That’s where our -ccond objective took shape. If we
had to have the finest facilities we could get for the
handling of hig accounts, why not make these same
facilities available to the -mailer investor?
It was something we knew we could do without over¬
taxing our equipment. \nd it was something we fell we
ought to do, because it seemed important to us that
more and more people have an ownership interest in
our American business system.
We still feel the same way.
We still operate the same wav’.
Wc still have the same basic objective — to provide the
finest facilities and services wc can for both the hig
account and the small account.
May wc invite you to put us to the test — whether your
investment problem is measured in hundreds of dollars
— or hundred- of thousands.
Merrill Lynch, Pierce, Fenner & Smith Inc.
Matin N«e York Stock Excbtngt tnd til otbrr Principtl Exebtogn
324 S. Salisbury St. 119 W. Noih St.
RALEIGH WILSON
Tel. TEmple 2-3731 Tel. 24 3-3161
Zock H. Bocon, Mgr. W. Johnston King, Mgr.
OTHER NORTH CAROLINA OFFICES:
Asheville . 29 Pogc Avenue . Tel: ALpinc 4-6331
Chorlottc . Addison Building . Tel: FRanklin 7-3441
Greensboro . . . 120 N. Grccnc Street. . .Tel: BRoodwoy 2-8141
Winston-Salem . ..R. J. Refolds Bldg . Tel: PArk 2-4161
COLUMBIA, S. C.
1304 Sumter Street . Tel: ALpinc 2-7221
THE STATE. January 21. 1961
