 Pike valued the land at $200,000, but the U.S. Senate later agreed to pay only $2000.In 1819 Colonel Henry Leavenworth invited Jean-Baptiste Faribault, a French Canadian, and his family to settle on Pike Island near the new fort to help promote the fur trade.An 1820 treaty gave ownership of Pike Island to Elizabeth Pelagie Ferribault, a Dakota Indian, and wife of Jean-Baptiste Faribault.