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Transcribed from an undated manuscript by Hezekiah Spencer Sheldon, prob. ca. 1885. From the collections of the Kent Memorial Library Historical Room, folder WE Western Reserve, item 2.
In 1786 Conn. ceded to the United States all her rights and title in the Public Lands within the ancient Charter limits, yielding all claims to the Wyoming settlement, made by Connecticut people upon lands supposed to be within the "Conn. Patent," but now given up to Penn. after a contest and struggle of twenty-four years, perhaps the saddest and most romantic history to be found [in] American Annals. In this final settlement of claims to the Public Lands, Conn. received a tract of land of about 3Y2 millions of acres in the N. E. part of Ohio still known as the "Conn. Reserve," over which the U. S. Government appears to have had no jurisdiction until 1800 (April) when this was ceded by Conn. The Conn. Reserve was a dense wilderness, and the first disposition made of any part of it was in 1792, when the Conn. Legislature granted 500,00 acres of the western part of it to citizens of Towns along the Sound for loss of property by the British in the Revolutionary War. In May 1795 the Gen1 Assembly appointed a Committee of eight persons to make sale of the lands of the Reservation and to appropriate the avails to a permanent fund the interest of which should be annually distributed among the several School Societies of the State. This Committee in December of 1795 had disposed of the tract (to Oliver Phelps as agent for the Connecticut Land Company) for the sum of [$]1,200,000.00 payable in five years with annual interest after two years. The Representatives from Suffield [to the Connecticut General Assembly in] 1795 were Samuel Hale and Gideon Granger, Jr. Suffield was represented (in this Land Co)by the following persons as purchasers of Conn. Reserve lands on speculation. None of them settled there except perhaps David King, but resold to settlers and to other speculators. Their names were Oliver Phelps, Gideon Granger, Jr., Luther Loomis, Ebenezer King, David King, Asahel Hatheway, Sylvanus Griswold. The aggregate being $330,916. Of this Oliver Phelps had more than one half.
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