sentences:  English royal and proprietary land grants from 1661 were combined in 1702 by James Carroll who named it "Whetstone Point" because of the landform shape resembling a sharpening stone.The area is now known as Locust Point a residential and industrial area.The port was founded on this site in 1706 by the colonial General Assembly of the Province of Maryland and designated one of the official "Port of Entry" for the tobacco trade with the Kingdom of England.