 In 1768, February 28th, he conveyed the whole property, including the seven lots so purchased or located by him, to his son Jacob FORD jr., who took up his residence there.In 1772, however, John Jacob FAESCH, having severed his connection with the London Company, came to Mount Hope, and, taking a long lease of the lands owned by FORD, purchased from the proprietors the great Mount Hope tract surrounding them, already mentioned, and began the building of the furnace.He afterward purchased Middle forge and Rockaway forge, leased Mount Pleasant forge and the Boonton mills, and carried on the iron business on a large scale.