Disston stood to gain up to with his drainage contract, although it would displace numerous squatters. Florida's Armed Occupation Act of 1842 had granted land to squatters in order to force the local Seminole Indians off the land, but Disston's contract would force the squatters off any land that Disston could show was submerged. The drainage contract, however, was in jeopardy because it did not affect the massive debt bearing down on the Internal Improvement Fund. Court orders related to the debt threatened to derail the contract so Governor William D. Bloxham visited Disston in Philadelphia to persuade him to relieve the debt. During the visit, Disston tentatively agreed to purchase four million acres (16,000 km²) of Internal Improvement Fund land for 25 cents per acre, an agreement which became a formal contract on June 1, 1881. Disston signed the contract on June 14 and "The New York Times" described the transaction with, "What is claimed to be the largest purchase of land ever made by a single person in the world". It made him the largest landowner in the United States. On December 17, 1881, Disston sold two million acres (8,000 km²) of his land to English Member of Parliament, Sir Edward James Reed, for $600,000.