Today, another settlement on the same site, named "Liverpool" after the former town, is a neighborhood of Lake Station, Indiana.

John Chapman bought one of these certificates, giving him ownership of section 24 of township 36 north of range 8 west.

At the time, Chicago was a small but rapidly growing harbor town, and Chapman intended to make a city large enough to rival it.

[3] Combined with the financial problems of the Panic of 1837, this resulted in the end of Liverpool's brief period of significance.

Finally, a fire swept through the almost-empty town, and nothing was left of its original forty blocks of buildings.