In the spring of1819 Hiram T. Craig, Nimrod Stone, Daniel Higgins, James Stott's, and William Offield settled on Stott's Creek near the White River. Mr. Craig wrote of his experiences during the trip back to Lawrence County for supplies.

"High water prevented our return as soon as we anticipated, but we finally concluded to try the plan of loading our baggage on a two-horse wagon, considering it easier on our horses than to load them with such heavy packs, and much of our route lay through a dense wilderness, it being the same old trace we had first traveled, and the road had to be cut so as to admit the passage of a wagon, which made our progress very slow, so that the noon of the second day found us still on Little Salt Creek. Here, in attempting to cross an insignificant little stream, our wagon stuck fast in the mud. Our only chance was to unload the wagon, pry it up and make our team haul it out. In doing so , we had to make a short turn and unfortunately broke an axletree. Here was a fix, twenty miles at least from any shop where repairing could be done. The only alternative was to make a new axletree from the green timber in the forest. All hands went to work on the part assigned them. Mine was to prepare some dinner. I will give the bill of fare. I took my gun and in less than an hour, perhaps, had killed nine fat gray squirrels. I dressed them as nicely as any lady could desire, and put them to boil with a sufficient slice of fat pork and some salt to give them the proper seasoning. While hunting for the squirrels, I had discovered near the creek a bountiful crop of wild onions growing ten or twelve inches high, and very tender. These I picked and cleaned, cut them up and put them in the pot when the squirrels were done, and succeeded in making a first-class pot of soup. This was the dinner, and it was a good one. By the usual time of starting next morning, our repairing was completed after a fashion, and we proceeded on our way. But our newly made axletree caused our wagon to run so heavily that we had to divide the load. A sack containing three bushels of corn seed was committed to my charge and about the same amount of corn-meal to Mr. Offield, and we were told to push on and not wait for the wagon. We were on horseback, and upon reaching Big Salt Creek we found a settlement and were told to take the road for Bloomington. Nothing of note occurred until we reached Big Indiana Creek, where we found that White River and its tributaries were on a bender. Offield could not swim, but finally after a long time I succeeded in carrying our load across the stream on my back, crossing on logs and a heap of driftwood that had formed across the creek. We took dinner on Mr. Cunningham's land north of Martinsville, and in the evening reached the settlement on Stott's Creek, where we found everything in good shape."

      Stott's Creek Settlement was the second settlement in Morgan County. The first was the settlement at Port Royal which was up stream on White River. Other early settlers in the area included the Brunnemer, Perry, Ennis, Duke, Drake and Williams families. A mill was built by Zachariah Davee in the 1820s. James Ennis took charge of it in the 1830s and ran it for many years. By the 1840s the whole township was well settled.

      Cleveland appears to have been in the area of the Stott's Creek Settlement, just west of Exchange on the east bank of the creek. Blanchard's "Counties of Morgan, Monroe and Brown, Indiana" gives this report of Cleveland in 1884.

" In the month of April 1838, Ezekiel St. John employed a surveyor and laid out a village of 34 lots and 8 large outlots on the north east quarter of the northeast quarter of Section 8, Township 12 North, Range 2 East,"(Green Township)"the same being on the bank of Stott's Creek and within about one-half mile of it's mouth. A few houses were built and some little improvement was made but the village soon died, without hope of resurrection."

      On June 7, 1880, David T. Evans established the Exchange, Indiana Post Office. It was discontinued Marc 22, 1881 and re-established May 2, of that year under the supervision of Isaiah G. Hawk. King, Miley, Caldwell, and Mary Stine are listed as other postmasters. There was once a trading post and a postal station in the town of Exchange on old State Road 37.