The Squam Lakes were a trade route for Abenaki Indians and early European settlers, who traveled the Squam River to the Pemigewasset River, then to the Merrimack River and seacoast. In 1751, Thomas Shepard submitted a petition on behalf of 64 grantees to Colonial Governor Benning Wentworth for 6 miles square on the Pemigewasset River. The governing council accepted, and the town was named after Robert Darcy, 4th Earl of Holderness. The French and Indian War, however, prevented settlement until after the 1759 Fall of Quebec. The land was regranted as New Holderness in 1761 to a group of New England families, and first settled in 1763. As proprietor of half the town, Samuel Livermore intended to create at New Holderness a great estate patterned after those of the English countryside. By 1790, the town had 329 residents, and in 1816, "New" was dropped from its name.