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Some sources refer to this purchase of preemptive rights as the "Phelps and Gorham purchase". On July 8, 1788, at the First Treaty of Buffalo Creek , Phelps and Gorham petitioned the Senecas to sell them the entire parcel, but the Senecas agreed to sell only the easternmost third of the tract, for $5000 and a perpetual annuity of $500 per year.
Phelps and Gorham were to pay $1,000,000 in three equal annual installments for this land, payable in certain Massachusetts securities that were then valued at 20 cents on the dollar. Under the terms of the purchase agreement, they took title only when they had extinguished the Indian title.
1788 Apr 1 – Massachusetts agrees to sell all of its preemptive rights to Oliver Phelps and Nathaniel Gorham of Massachusetts. 1788 Jul 8 – Phelps and Gorham purchase from the Haudenosaunee (Iroquois) tribes land amounting to some 2,600,000 acres. 1788 Jul 25 – Colonel Hugh Maxwell begins survey of the first (false) preemption line.
Phelps is a town in Ontario County, New York, United States. The population was 6,637 at the 2020 census. The population was 6,637 at the 2020 census. The Town of Phelps contains a village called Phelps . [ 3 ]
Oliver Phelps and Nathaniel Gorham then purchased the pre-emption right from Massachusetts, but failed to extinguish the Indian title to this tract and defaulted on their purchase in 1790. Robert Morris next purchased the pre-emption right from Massachusetts in 1791 for $333,333.34 (about $5.98 million today).
Iroquois lands circa 1720 A map showing the Phelps and Gorham Purchase, the Morris Reserve, and the Holland Purchase. Aboriginal title in New York refers to treaties, purchases, laws and litigation associated with land titles of aboriginal peoples of New York, in particular, to dispossession of those lands by actions of European Americans.
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Print/export Download as PDF; Printable version; In other projects ... 1788 Phelps and Gorham purchased title to lands east from the Genesee River in New York to the ...