By Tim Richards
The miller was one of the early Cape [Cod] society’s most important citizens…. The mill and he were so important to the towns that they both enjoyed a tax-exempt status. Also, the miller was exempt from serving in the militia and in public office.
— Jim Gilbert, The Provincetown [Mass.] Advocate, April 4, 1977.
In seventeenth, eighteenth, and early nineteenth century America, mills ranked among a town’s most important institutions. As a matter of town business, communities offered incentives to secure and retain the services of skilled millers. The financial value of the Truro Tide Mill on Cape Cod in Massachusetts provides an additional dimension to this narrative.

In 1790, soon after the Truro Tide Mill went into service, one of its owners passed away. Samuel Rich’s estate sold his one eighth share in the mill complex to Benjamin Hinckley (possibly already a co-owner) for twenty-four pounds, six shillings. Converting pounds to 1790 dollars, that sales price valued the entire mill complex at over $850.
To put this valuation in perspective, in the 1787-1790 period two Cape Cod houses sold for an average of $165 and salt meadow adjoining the Mill Pond sold for an average of $32 per acre. These salt meadows were among the most expensive undeveloped land on Cape Cod, probably due to their value in producing hay and as a location for salt-works.
Continue reading “Cape Cod Mill Values: Tide vs. Wind”