Connecticut Land Company
The Connecticut Company or Connecticut Land Company (est. 1795) was a post-colonial land speculation company formed in the late eighteenth century to survey and encourage settlement in the eastern parts of the newly chartered Connecticut Western Reserve of the former "Ohio Country" and a prized-part of the Northwest Territory)—a post-American Revolutionary period region, that was part of the lands-claims settlement adjudicated by the new United States government regarding the contentious conflicting claims by various Eastern Seaboard states on lands west of the gaps of the Allegheny draining into the Allegheny, Monongahela, and Ohio Rivers. Under the arrangement, all the states gave up their land claims west of the Alleghenies to the Federal government save for parts parceled out to each claimant state. Western Pennsylvania was Pennsylvania's part, and the Connecticut Western Reserve was the part apportioned to Connecticut's claim. The specific Connecticut Western Reserve lands were the northeastern part of the greater Mississippi drainage basin lands just west of those defined as part of Pennsylvania's claims settlement (Western Pennsylvania).
The Western Reserve is located in Northeast Ohio with its hub being Cleveland. In 1795, the Connecticut Land Company bought three million acres (12,000 km2) of the Western Reserve. Settlers used the guidelines of the Land Ordinance of 1785, which demanded the owners survey the land before settlement. In 1796, the company began surveys and sales on property east of Cuyahoga.
The original proprietors, 57 of the wealthiest and most prominent men in Connecticut, included Oliver Phelps, the largest subscriber and chief manager of the project. In 1796, one of the largest shareholders, Moses Cleaveland, planned a settlement on the banks of the Cuyahoga River with Seth Pease. This planned settlement would become the city of Cleveland.
The Deeds for the land were executed as follows:
| No of Deeds | Names of Grantees | Integral parts of lands conveyed, divided into 1,200,000 shares |
|---|---|---|
| No 1 | Robert Charles Johnson | $60,000 ($1,111,647 today) |
| No 2 & 3 | Moses Cleaveland | $32,600 ($603,995 today) |
| No 4 | William Judd | $16,250 ($301,071 today) |
| No 5 | James Johnson | $30,000 ($555,824 today) |
| No 6 | William Law | $10,500 ($194,538 today) |
| No 7 | Daniel Holbrook | $8,750 ($162,115 today) |
| No 8 | Pierpont Edwards | $60,000 ($1,111,647 today) |
| No 9 | James Bull, Aaron Olmsted, John Wiles | $30,000 ($555,824 today) |
| No 10 | Elisha Hyde, Uriah Tracy | $57,400 ($1,063,476 today) |
| No 11 | Luther Loomis, Ebenezer King | $44,318 ($821,100 today) |
| No 12 | Roger Newberry, Enoch Perkins, Jonathan Brace | $38,000 ($704,043 today) |
| No 13 | Ephraim Root | $42,000 ($778,153 today) |
| No 14 | Ephraim Kirby, Uriel Holmes Jr, Elijah Boardman | $60,000 ($1,111,647 today) |
| No 15 | Oliver Phelps, Gideon Granger Jr | $80,000 ($1,482,196 today) |
| No 16 | Oliver Phelps | $168,185 ($3,116,039 today) |
| No 17 | John Caldwell, Peleg Sanford | $15,000 ($277,912 today) |
| No 18 | Soloman Cowles | $10,000 ($185,275 today) |
| No 19 | Soloman Griswold | $10,000 ($185,275 today) |
| No 20 | Henry Champion 2d | $85,675 ($1,587,339 today) |
| No 21 | Samuel P. Lord | $14,092 ($261,089 today) |
| No 22 | Jazeb Stocking, Joshua Stow | $11,423 ($211,639 today) |
| No 23 | Timothy Burr | $15,231 ($282,192 today) |
| No 24 | Caleb Atwater | $22,846 ($423,278 today) |
| No 25 | Titus Street | $22,846 ($423,278 today) |
| No 26 | Elias Morgan, Daniel Lathrop Coit | $51,402 ($952,348 today) |
| No 27 | Joseph Howland, Daniel Lathrop Coit | $30,461 ($564,365 today) |
| No 28 | Asher Miller | $34,000 ($629,933 today) |
| No 29 | Ephraim Starr | $17,415 ($322,656 today) |
| No 30 | Joseph Williams | $15,231 ($282,192 today) |
| No 31 | William Lyman, John Stoddard, David King | $24,730 ($458,184 today) |
| No 32 | Nehemiah Hubbard Jr | $19,039 ($352,744 today) |
| No 33 | Asahel Hathaway | $12,000 ($222,329 today) |
| No 34 | William Hart | $30,462 ($564,383 today) |
| No 35 | Samuel Mather Jr | $18,461 ($342,035 today) |
| No 36 | Sylvanus Griswold | $1,683 ($31,182 today) |