Prior to the late 19th century the island's lagoon was a salt marsh and was referred to legally as Salt Cay. The Island became a stopover for pirates and privateers who used the island to cull salt from the lagoon to preserve their food and as a rest stop while they waited for permission to enter Nassau Harbour.
In 1875, Charles King-Harmon, an Englishman who was later knighted and became Governor of Cyprus, bought the island from the British Crown for 35 Pounds. He owned it for 11 years, until he sold it to a Bahamian, Sir Augustus John Adderley, for 105 British Pounds. Adderley kept it for six years. Two Americans who wanted to cultivate corn and vegetables offered him 145 Pounds. The farming effort failed and in 1902 they sold it to Abraham Van Winkle for a ten Pounds loss (135 British Pounds)
Via In 1875, Charles King-Harmon, an Englishman who was later knighted and became Governor of Cyprus, bought the island from the British Crown for 35 Pounds. He owned it for 11 years, until he sold it to a Bahamian, Sir Augustus John Adderley, for 105 British Pounds. Adderley kept it for six years. Two Americans who wanted to cultivate corn and vegetables offered him 145 Pounds. The farming effort failed and in 1902 they sold it to Abraham Van Winkle for a ten Pounds loss (135 British Pounds)