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Ohio Company, organization formed (1747) to extend settlements of Virginia westward. The members were mostly Virginia planters interested in land speculation and the fur trade. A royal charter (1749) granted the members 200,000 acres around the forks of the Ohio River, and in 1750 the company employed Christopher GistGist, Christopher
, c.1706–1759, American frontiersman, b. Maryland. Commissioned by the Ohio Company to explore their western lands. In 1750 he descended the Ohio River, explored E Kentucky, and crossed to Roanoke, N.C.
..... Click the link for more information. to explore the Ohio valley. The first organized group to develop the region W of the Alleghenies, the company embarked on vigorous British colonial activity. The company's colonizing activities, however, were viewed by the French as a challenge to their claim to this region. The immediate rivalry helped to bring on the final French and Indian War. Later the Ohio Company merged its interests with another land company, but the American Revolution obstructed its plans.
See K. P. Bailey, The Ohio Company of Virginia and the Westward Movement, 1748–1792 (1939); A. P. James, The Ohio Company (1959).
References in periodicals archive
In 1788, he and a group called the Ohio Company of
Associates headed west to become some of the first Europeans to settle the Northwest Territory.
Marietta was founded by the Ohio Company of
Associates and was established in response to the turmoil of Shays's Rebellion in 1787.
In 1786 a group of veterans petitioned Congress to purchase, through the Ohio Company of
Associates, one-and-a-half million acres north and west of the Ohio River.
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