With historic data with no readily apparent ties, you just do the best you can. Sometimes you can work your way out from an existing known good point, but you can end up having to adjust a lot of boundaries. Even then they may not match because of the quality and accuracy of the historic data. Another issue is whether you know if any changes were made since the old date - ROWs, easements, replats, etc. It can be hard to find this data, can also take a while.
The parcel fabric in the ESRI Local Government Model has an editing option to push boundaries to a historic layer when modifying or creating new ones, but that wouldn't help if you don't already have them in.