Charles Sturt followed their route in mid-1838. By 1841, pastoral holdings had been established north along the Campaspe River to its junction with the Murray and on both sides of the Murray River. The pastoral boom of the 1840s and early 50s required vast herds of sheep and cattle to be moved overland to markets. The Moama area became known as a desirable place to cross the Murray due to the slope of the riverbanks at this point, and the fact that it was the shortest distance to Melbourne from the Murray. In 1842, James Maiden and his wife were two of the first residents on the NSW side of the Murray, living at Perricoota Station, where Maiden was superintendent. Maiden took full advantage of the huge volume of traffic heading to meat and wool markets in Melbourne by establishing a settlement at present-day Moama. In 1844 he built a punt across the Murray, soon replaced with a larger one in 1845, one mile east of present-day Moama. In 1846 he established the Junction Inn near his punt, providing accommodation, liquor and stabling for those waiting to cross the river. Maiden became rich from the volume of traffic as well as his cattle dealings. A small settlement, owned largely by Maiden, grew up around the river crossing. In 1846 a mail service to "Maiden's Punt" commenced; John Maiden was at this time punt owner, innkeeper, postmaster and cattle dealer. In 1851 Maiden's Punt became known officially as Moama. The Bendigo gold rush in the early 1850s increased the demand for meat. Maiden established slaughteryards on Perricoota station, and by 1854, Moama was the largest cattle market outside Melbourne. James Maiden had become owner of Perricoota station and was regarded as a millionaire. However, in the mid 1850s the cattle market crashed, and James Maiden's fortunes (and Moama) entered a period of decline. In 1861 Maiden sold off all his holdings and left the area. The remains of the Junction Inn are located in Chanter St. During the 1840s, Echuca did not exist. James Maiden held a monopoly over river crossings and his settlement in NSW in Moama. Henry Hopwood arrived near Moama in 1849. He attempted to establish a rival punt and various enterprises on the banks of the Murray but encountered such strong opposition from squatters that in 1852 he was "chased out" of NSW and moved to a pastoral holding across the river in Victoria.