It will be remembered that in the treaty of Fort Stanwix (1768) the Iroquois of New York had ceded to the English crown their pretensions to lands lying between the Ohio and the Tennessee. The Transylvania Company, however, applied to the Cherokees, because this was the tribe commanding the path from Virginia and the Carolinas to Kentucky. In March, 1775, a great council was held at Sycamore Shoals, on the Watauga River, between the company and twelve hundred Cherokees who had been brought in for the purpose by Boone. For $50,000 worth of cloths, clothing, utensils, ornaments, and firearms, the Indians ceded to Henderson and his partners an immense grant including all the country lying between the Kentucky and Cumberland Rivers, also a path of approach from the east, through Powell's Valley. At this council were some of the most prominent Cherokee chiefs and southwestern frontiersmen. When the goods came to be distributed among the Indians it was found that, although they filled a large cabin and looked very tempting in bulk, there was but little for each warrior, and great dissatisfaction arose. One Cherokee, whose portion was a shirt, declared that in one day, upon this land, he could have killed deer enough to buy such a garment; to surrender his hunting-ground for this trifle naturally seemed to him a bad bargain. For the safety of the pioneers the chiefs could give no guarantee; they warned Boone, who appears to have acted as spokesman for the company, that "a black cloud hung over this land," warpaths crossed it from north to south, and settlers would surely get killed; for such results the Cherokees must not be held responsible. This was not promising. Neither was the news, now received, that Governors Martin of North Carolina, and Dunmore of Virginia had both of them issued proclamations against the great purchase. The former had called Henderson and his partners an "infamous Company of Land Pyrates"; and they were notified that this movement was in violation of the king's proclamation of 1763, forbidding Western settlements.