[3] The company--successively called The Louisa Company, Henderson & Co., and The Transylvania Company--was composed of Col. Richard Henderson, Col. John Williams, Thomas Hart, Col. David Hart, Capt. Nathaniel Hart, Col. John Luttsell, James Hogg, William Johnston, and Leonard Henley Bullock.
Henderson's paternal great-grandfather was a Scottish immigrant, and one of his grandmothers was Welsh. The family settled in Hanover County, Va., where Richard, son of Samuel Henderson, was born April 20, 1735. Samuel moved with his family to North Carolina, in 1745, and became sheriff of Granville County. Richard had the education of a rural youth of good station, and became a lawyer. In 1767 he was appointed one of the two associate justices of the superior court of the colony, and served with great credit for six years, when the court was abolished. During professional visits to Salisbury, Henderson heard frequently--chiefly through the brothers Hart--of the exploits of Boone, and the latter's glowing reports of the beauty and fertility of Kentucky. Relying implicitly on Boone's statements, these four men energetically resolved to settle the country. In the autumn of 1774, Henderson and Nathaniel Hart visited the Cherokees to ascertain if they would sell their claims to Kentucky, and receiving a favorable reply agreed to meet the Indians in treaty council at the Sycamore Shoals, on Watauga River. On their return home, they were accompanied by a wise old Indian (Little Carpenter), and a young buck and his squaw, delegates to see that proper goods were purchased for the proposed barter. These goods were bought in December at Cross Creek, now Fayetteville, N. C., and forwarded by wagons to Watauga.
Boone was then sent out to collect the Indians, and when the council opened (March 14, 1775) had twelve hundred assembled at the Sycamore Shoals--half of them warriors. The council proceeded slowly, with much characteristic vacillating on the part of the Indians; but on the third day (March 17) the deed of sale was signed to what came to be known as "the great grant:" The tract from the mouth of the Kentucky (or Louisa) River to the head spring of its most northerly fork; thence northeasterly to the top of Powell's Mountain; thence westerly and then northwesterly to the head spring of the most southerly branch of the Cumberland; thence down that stream, including all its waters, to the Ohio, and thence up the Ohio to the mouth of the Kentucky. The Indians were conscious that they had sold what did not belong to them; and Dragging Canoe and other chiefs were outspoken in their opinion that the whites would have difficulty in settling the tract. The Indians were much dissatisfied with the division of the goods. These "filled a house" and cost £10,000 sterling, yet when distributed among so many greedy savages each had but a small share. One warrior, who received but a shirt for his portion, said he "could have shot more game in one day on the land ceded, than would pay for so slight a garment."