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About New Madison
New Madison was platted by Zadock Smith in 1817 for purposes of land speculation, but his efforts failed; he was unable to sell any of the lots. Two years later, he sold the land to Ernestus Putnam, who replatted the village and began to sell lots in 1831; unlike Smith, Putnam saw the establishment of a successful community. he village was named after Madison, Indiana by Ernestus Putnam. 
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