Finally it occurred to them that perhaps their official position could be turned to their own advantage.
Their townsmen were much too poor to be plundered; but there were vast tracts of fertile wild land on every side, to which, as far as they knew, there was no title, and which speculators assured them would ultimately be of great value.

Vaguely remembering Todd's opinion, that he had power to interfere under certain conditions with the settlement of the lands, and concluding that he had delegated this power, as well as others, to themselves, the justices of the court proceeded to make immense grants of territory, reciting that they did so under "_les pouvoirs donnes a Mons'rs Les Magistrats de la cour de Vincennes par le Snr.

Jean Todd, colonel et Grand Judge civil pour les Etats Unis_"; Todd's title having suffered a change and exaltation in their memories.
They granted one another about fifteen thousand square miles of land round the Wabash; each member of the court in turn absenting himself for the day on which his associates granted him his share.
This vast mass of virgin soil they sold to speculators at nominal prices, sometimes receiving a horse or a gun for a thousand acres.

The speculators of course knew that their titles were worthless, and made haste to dispose of different lots at very low prices to intending settlers.

These small buyers were those who ultimately suffered by the transaction, as they found they had paid for worthless claims.