OHIO COMPANY
\ə͡ʊhˈa͡ɪə͡ʊ kˈʌmpəni], \əʊhˈaɪəʊ kˈʌmpəni], \əʊ_h_ˈaɪ_əʊ k_ˈʌ_m_p_ə_n_i]\
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In 1749 George II. granted to a band of wealthy Virginians, calling themselves the Ohio Company, a tract of land containing 500,000 acres, and lying mostly to the west of the mountains and south of the Ohio River. Thomas Lee was the projector of this company, but it was later conducted by Lawrence Washington. The conditions of the grant were that 100 families should be established upon it, a fort should be built and a garrison maintained. Numerous store houses were also established.
By John Franklin Jameson
