Is Your Wealth Durable? By MN Gordon

If you’re banking on pieces of paper and computer entries for your kids college educations or your own retirement, you might want to reconsider. From MN Gordon at economicprism.com:

“Money is not the definition of wealth.”

– Unknown

America’s Oldest Family Farm

John Tuttle arrived in the New World from England in 1632.  He was not empty handed.

He had a land grant from King Charles II.  It was for a small, 20 acre plot of land located between the tidal waters of the Bellamy and Piscataqua rivers, in what became Dover, New Hampshire.  There, the Tuttle family farm expanded and prospered for over three centuries.

Along the way, the Tuttle’s withstood many tests.  Revolutionary and civil wars, the industrial revolution, economic depressions, financial panics, relentless competition, plagues, droughts, government encroachment, and countless other assaults to prosperity.

For a business to survive nearly 380 years in the same industry, with the same family owners, is a remarkable achievement.

Started in 1632, Tuttle Farm became America’s oldest continuously operated family farm, passed down across 11 generations of Tuttles from father to son.  What was their secret?

The Tuttle family, from its beginning in the New World, chose a productive path.  The second Tuttle, also John, born in 1646, owned a sawmill, had an ownership interest in several sailing vessels, and served for a time as judge of an early colonial court.  All this was in addition to his efforts running the family farm.

Yet the Tuttle’s success wasn’t without setbacks.  The third generation, also John, was the casualty of an Indian attack at a sawmill on the Upper Falls in 1712.

Still the family continued to prosper.  According to local legend, Tuttle maple syrup was purchased by Abraham Lincoln.

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