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History of Portland Orgeon
Portland started as a spot known as “the clearing,”[12] which was on the banks of the Willamette about halfway between Oregon City and Fort Vancouver. In 1843, William Overton saw great commercial potential for this land but lacked the funds required to file a land claim. He struck a bargain with his partner Asa Lovejoy of Boston, Massachusetts: for 25¢, Overton would share his claim to the 640 acre (2.6 km²) site. Overton later sold his half of the claim to Francis W. Pettygrove of Portland, Maine. Pettygrove and Lovejoy each wished to name the new city after his respective home town; this was decided with a coin toss, which Pettygrove won in a series of two out of three tosses.[13] The coin used for this decision, now known as the Portland Penny, is on display in the headquarters of the Oregon Historical Society.
