Creation of The Company
The company was formed on March 1, 1786, by Rufus Putnam, Benjamin Tupper, Samuel Holden Parsons and Manasseh Cutler in Boston, Massachusetts. They had met at The Bunch-of-Grapes tavern, located on King Street, to discuss the settlement of the territory around the Ohio River. On March 8, 1787, Parsons, Putnam, and Cutler were chosen as directors, and Winthrop Sargent was elected secretary. On August 30, 1787, James Mitchell Varnum was elected as a director, and Richard Platt as treasurer. Later directors included Griffin Greene upon the death of Varnum, and Robert Oliver upon the death of Parsons.
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