[Illustration: WILLIAM PENN AT THE AGE OF 22.]
Charles was very glad to settle the account so easily. He therefore
gave Penn a great territory[1] north of Maryland[2] and west of the
Delaware River. This territory was nearly as large as England. The
king named it Pennsylvania, a word which means Penn's Woods. At that
time the land was not thought to be worth much. No one then had
discovered the fact that beneath Penn's Woods there were immense
mines of coal and iron, which would one day be of greater value than
all the riches of the king of England.
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