From Ohio History Central
Text replacement - "Greeneville" to "Greenville"
<p>The company first chose Samuel Holden Parsons to represent their interests before the American government. When he was unsuccessful in his mission, the company replaced him with the Reverend Manasseh Cutler. Cutler worked with Treasury Secretary William Duer and president of the Congress Arthur St. Clair to negotiate an arrangement for the purchase of the land. The Ohio Company purchased 1,500,000 acres of land, agreeing to pay $500,000 immediately and another $500,000 payment once survey work was finished. </p>
<p>Congress allowed the company to pay for part of the land using military warrants. This created a very favorable arrangement for the investors. In the end, they paid about eight and one-half cents per acre. In order to encourage settlement of the region and create a buffer zone between white settlements and Native Americans, Congress also gave the Ohio Company 100,000 acres. This land came to be known as the Donation Tract. In the tract, any adult white male would obtain one hundred acres of free land. Although the survey pattern was somewhat different from that of the Seven Ranges, Ohio Company investors were required to set aside land in each township for education and religion as well as three sections for future government purposes. In addition, two townships were set aside for a university.</p>
<p>Putnam established the first Ohio Company settlement on the banks of the Ohio River. Known originally as Adelphia, the community soon became known as Marietta. To protect the settlement from Native American attacks, the settlers built a fortification known as the Campus Martius. Many of the early settlers of Ohio Company lands came from New England. They tried to establish similar institutions and communities to those they had left in the East. In 1808, the company established Ohio University on the land set aside for that purpose. In its early years the university only offered the equivalent of a high school education and enrollment remained low for a number of years. The settlers of Marietta had greater success once the Native American threat was reduced with the signing of the Treaty of
Greeneville in 1795. The population continued to grow in the late eighteenth and early nineteenth centuries. The New England settlers often disagreed with frontier settlers coming from Virginia and Kentucky who had different visions for the region.</p>
<p>Putnam emerged as an important political leader in the Northwest Territory. President Washington appointed Putnam to a judgeship in 1790. He also served as a brigadier-general in the United States Army during this same time period. In 1796, Putnam became the surveyor-general of the United States. President Thomas Jefferson removed him from the position. Putnam continued to play an important role in territorial government and participated in the constitutional convention of 1802. Putnam favored the Federalist Party and did succeed in preventing slavery from becoming legal in Ohio. Putnam died on May 4, 1824, in Marietta.</p> <br />