These lessees are usually speculators, who divide and sub-let the estate.
Even after the Peace of Aix-la-Chapelle (1748) the Iroquois complained bitterly of the fraudulent land speculators, and in 1753 the chiefs of the Mohawks threatened to declare the covenant chain broken.
In 1599, under the encouragement of Henry IV., speculators began to frequent the St Lawrence in pursuit of the fur trade.
He was imposed upon by speculators in whom he placed confidence, and was reduced to destitution by the failure of a scheme in which they engaged him.
How would you define speculators? Add your definition here.