Purchase on the Muskingum

File:Ohio Company and Donation Tract.png

The Purchase on the Muskingum also called Ohio Company's Second Purchase, was a tract of land in the Northwest Territory, later Ohio, that the Ohio Company of Associates purchased from the United States federal government in 1792.

History

In 1787 the Ohio Company of Associates contracted to buy {{convert|1500000|acre|km2}} of land in southern Ohio for one million dollars. They ended up only being able to raise $500,000, and so were sold a tract of {{convert|750000|acre|km2}}, plus lands set aside for support of local schools, a college, and the clergy, for a total tract size of {{convert|913833|acre|km2}} at the confluence of the Ohio River and the Muskingum River. The community of Marietta, Ohio was established in 1788.

Second Purchase

The United States granted veterans of the Revolutionary war land bounties for their service because money to pay them was short. The bounty depended upon rank. The associates of the Ohio Company gathered together their bounties in 1792 and accumulated a total of {{convert|142900|acre|km2}}. The government allowed a one third discount on purchases by the Ohio Company, so the government allowed a total sale of {{convert|214285|acre|km2}}.{{USStat|6|8}} - Text of Act of April 21, 1792 Library of Congress These lands were to the north and northwest of the First Purchase in portions of Morgan, Hocking, Vinton and Athens Counties. The Second Purchase was surveyed on the plan of the Land Ordinance of 1785. The Second Purchase had no sections set aside for schools or ministry.{{sfn|Peters|p=237-258}}

References

Bibliography

{{cite book |title=Pioneer History: Being an Account of the First Examinations of the Ohio Valley, and the Early Settlement of the Northwest Territory|last=Hildreth |first=S.P. |year=1848 |publisher=H. W. Derby and Co. |url=https://archive.org/details/pioneerhistoryb00hildgoog}}
{{cite book |title=The Records of the Original Proceedings of the Ohio Company, Volume I|last=Hulbert|first=Archer Butler |year=1917|publisher=Marietta Historical Commission|url=https://books.google.com/books?id=3x8mAAAAMAAJ}}
{{cite book |title=The Records of the Original Proceedings of the Ohio Company, Volume II|last=Hulbert|first=Archer Butler |year=1917|publisher=Marietta Historical Commission|url=https://books.google.com/books?id=cCAmAAAAMAAJ}}
{{cite book |title=History of Marietta |last=Summers|first=Thomas J.|year=1903|publisher=The Leader Publishing Co.|url=https://archive.org/details/historymarietta00summgoog}}
{{cite book |title=Ohio Lands and Their Subdivision |last=Peters|first=William E.|year=1918 |ref={{sfnRef|Peters}} |publisher=W.E. Peters|pages=[https://archive.org/details/ohiolandstheirsu00pete/page/n248 237]–258|url=https://archive.org/details/ohiolandstheirsu00pete}}

External links

[https://web.archive.org/web/20081229190448/http://digicoll.marietta.edu/oca/index.html Manuscripts and Documents of the Ohio Company of Associates - Marietta College].
[http://www.ohiohistorycentral.org/entry.php?rec=945 Ohio Company of Associates - Ohio History Central].

Category:Pre-statehood history of Ohio

Category:Marietta, Ohio