Noun
The heartwood of a tree (Haematoxylon Campechianum), a native of South America, It is a red, heavy wood, containing a crystalline substance called haematoxylin, and is used largely in dyeing. An extract from this wood is used in medicine as an astringent. Also called Campeachy wood, and bloodwood.
Source: Webster's dictionaryAlso contributing to the increase of Caribbean piracy at this time was Spain's breakup of the English logwood settlement at Campeche and the attractions of a freshly sunken silver fleet off the southern Bahamas in 1715. Source: Internet
Under Article XVII of the Treaty of Paris (1763), British cutters were for the first time given the right to cut logwood in Yucatan unmolested, within agreed limits. Source: Internet
Dyes from the New World such as cochineal and logwood were brought to Europe by the Spanish treasure fleets, and the dyestuffs of Europe were carried by colonists to America. Source: Internet
A popular new dye which arrived in Europe from the New World during the Renaissance was made from the wood of the logwood tree (Haematoxylum campechianum), which grew in Spanish Mexico. Source: Internet
Such was the enthusiasm of the cutters that within a few years the European market was glutted, and the price of logwood collapsed. Source: Internet
The Spanish granted the British settlers the right to occupy the area and cut logwood in exchange for an end to piracy. Source: Internet