In 1824, Lieutenant Oxley discovered and explored the Brisbane River. Redcliffe, so named a quarter of a century before by Flinders, but now generally known as "Humpy Bong," was the original site selected for the first settlement on the shores of Moreton Bay. Some convicts had been forwarded there from Sydney to form the settlement, but owing to attacks by blacks and the unsuitability of site, it was removed to the present one of Brisbane. Up to 1839, the dismal cloud of convictism was over this fair land before it was thrown open to free settlers. Over 12 degrees of latitude, and as many of longitude, through a country previously unknown and untested as to climate and soil, the course of advancing occupation went on unchecked, until the land was filled with the outposts of civilisation, and the potentialities of the colony were ascertained. Great indeed are the conquests of peace; much greater than those of war; more beneficial and more permanent. The first sale of Brisbane lands took place in Sydney in 1841, and next year a sale was held in Brisbane; the third took place in 1843, and there was not enough land surveyed to meet the demand, so small was Brisbane in those early days. The upset price was £100 per acre, although much more was realised for some lots. Even at those prices, many buyers suffered a loss, for a commercial crisis occurred shortly afterwards, and much of the property was forfeited, or resold at much lower prices. For the year 1843, the exports consisted of 150 tierces of beef, 450 hides, 1,998 bales of wool, 3,458 sheepskins, and 3,418 feet of pine timber. The foundations of trade, so modest at the start, have developed in one lifetime to a nation's wealth. In 1844, in the territory then forming the colony, there were 650 horses, 13,000 cattle, 184,000 sheep, and scarcely more than 1,500 of a population, one half of whom were domiciled in North and South Brisbane. At the present day, the products of the live stock of the State furnishes employment for thousands, and forms a volume of trade that employs the finest lines of steamers sailing in the Southern Seas.