Attempts at land speculation have been common in the United States. In Florida an early attempt involved an immense tract of land known as the “Forbes Purchase.” This territory, situated in the north-central part of the state bordering the Gulf of Mexico, was the object of exploitation as a unit for approximately fifty-seven years, 1804-1861. First under the trading firm of Panton, Leslie and Company and its successor John Forbes and Company, and later under the Apalachicola Land Company, this practically virgin wilderness was explored, surveyed, and to a degree developed.
Upchurch, John C.
"Aspects of the Development and Exploration of the Forbes Purchase,"
Florida Historical Quarterly: Vol. 48:
2, Article 3.
Available at: https://stars.library.ucf.edu/fhq/vol48/iss2/3