The following information is from Edwin Salter's History of Monmouth and Ocean Counties.
Baptist minister Rev. Dr. Graw was looking for a place to found a Summer resort near Toms River, and he selected the piece of land known at the time as Dillon's Island. He proposed that 25-30 persons unite as stockholders, buy the tract, and proceed to develop it for the purpose of a camp meeting ground and summer resort. His plan was agreed to and the company was incorporated and the land purchased on 1 Jul 1878. The directors chosen were:
| J.G. Gowdy | President |
| J.B. Graw | |
| C.E. Hendrickson | |
| G.H. Morris | |
| S. Van Sant | Treasurer |
The following people bought shares of stock in the company:
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