High Quality Content by WIKIPEDIA articles! The Native American name for the island was "Chibachuweset" (or "Chibachuwese"), and the Narragansetts originally offered it for sale to John Oldham if he would settle there and set up a trading post. Oldham failed to meet the condition, so in 1637 the Narragansetts sold the island to Roger Williams and John Winthrop with each man retaining a one-half interest. Williams and Winthrop hoped to farm pigs on the island. Williams named the island "Prudence" and shortly afterwards purchased and named nearby Patience Island and Hope Island. Williams sold his half interest in Prudence Island while in England on behalf of the colony, and Winthrop willed his land to his son Stephen.