In 1851, William Stafford, while living in Lexington, bought the first parcel of land in what is now Port Hope, with Reuben Dimond. Later, Stafford and William Southard invested in buying up forty-acre parcels from the government. These parcels had been set aside as pensions for veterans of the War of 1812.
Traveling to the area by schooner, Southard was let off at some distance from shore, due to a pending storm. Rowing in a skiff in the wind, he vowed that if he made it to shore, he would name the spot Port Hope.
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