When Hudson went back to Holland after his voyage up the Hudson River, he told such wonderful tales of the friendliness of the Indians, the number of fur-bearing animals he had seen, and the wonders he had met with, that the Hollanders became much excited and determined to send out and claim the newly discovered country. In 1610 a vessel was sent out, and the Indians proving friendly and the trade satisfactory, a colony was finally established in 1613 on the southern point of Manhattan Island. This was near where the Battery now is. The first permanent settlement was made in 1622, the Dutch having taken possession of the country around the Hudson River, calling it New Netherlands. In 1626 the West India Company sent out a settlement under Gov. Peter Minuit. He landed on the island of Manhattan, and soon entered into a trade with the Indians, buying from them the entire island of Manhattan, fourteen thousand acres in size, for twenty-four dollars' worth of scarlet cloth, brass buttons, and other trinkets. The Dutch gave the island the name of New Amsterdam, and established on it a settlement consisting of a fort, a stone warehouse, and a cluster of log-huts. After the Dutch had established their colony of New Amsterdam, they endeavored to colonize it on the Patroon system. By this system, any man who undertook to bring fifty settlers to the colony within five years was given the title of Patroon, and was allowed to lay claim to and hold all the land he desired and could properly cultivate. It was in this way that the Van Rensselaers, the Schuylers, and the Van Cortlandts became important families in New York. In 1647 Peter Stuyvesant came out to New Amsterdam as governor. He was the last governor of the province. He was familiarly known as "Old Silverleg," because, having lost one limb in battle, he had it replaced by a sturdy wooden leg securely bound with silver. Many of our traditions date back to the time of this hot-tempered, headstrong, and fine old gentleman. His estate was called the Great Bouery, and there was a long and beautiful lane leading from the city to it, which was known as Bouery Lane--our present Bowery. The Governor's house is supposed to have stood near Tenth Street, a little east of Third Avenue, now called Stuyvesant Place. Beyond Governor Stuyvesant's Great Bouery stretched swamps, woods, and clearings, until a little village was reached at the junction of the Haarlem and East rivers, which was called New Haarlem. Peter Stuyvesant made many improvements in the city of New Amsterdam. In order better to protect it, he built a high and strong wooden palisade on the north of the town; in time houses grew up along this wall, and the street which they formed was called Wall Street. The Wall Street of to-day, where so many fortunes are made and lost, stands on the site of the old wall built by Peter Stuyvesant to protect the city. The first windmill was built in 1662.