Transylvania Purchase
In this valley, March 17, 1775, the Transylvania Company, led by Richard Henderson, John Williams and Nathaniel Hart, bought from the Cherokee, led by Chief Oconostota, all the lands between the Kentucky and Cumberland Rivers. Over 20 million acres sold for 2000 Pounds Sterling and goods worth 8000 Pounds.
Marker is on West Elk Avenue (U.S. 321) west of Franklin Club Drive, on the right when traveling west.
Courtesy hmdb.org