Peter Minuit secures the Dutch settlers' property…

Peter Minuit secures the Dutch settlers' property and its surroundings in a deed with the Manhattan natives in 1626 which signifies legal possession of the island according to Dutch law.

According to the document by Pieter Janszoon Schagen, “our people” (ons Volck)—Peter Minuit is not mentioned explicitly there—acquire Manhattan in 1626 from native Lenape people in exchange for trade goods worth sixty guilders, often said to be worth twenty-four dollars, though (by comparing the price of bread and other goods) actually amounts to around one thousand in modern currency (calculation by the International Institute of Social History, Amsterdam).

Minuit is appointed New Netherland's third director by the local council after Willem Verhulst returns home in November 1626.