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The Amagansett Indian Well is one of three Indian Wells in East Hampton known in during the post-contact period. They are first mentioned in 1652 in the Town Records of East Hampton as an allotment marker.
A former well at the village of Amagansett is mentioned by Tooker in his Indian Place Names on Long Island, 1911, as the following;
“A depression in the ground running for some distance north and south through the village is occasionally mentioned in the records as the Indian Well Hollow and is still so called. Isaac Schellinger, a descendant of Abraham Schellinger, one of the early settlers, now  aged about 80, says that the Tradition, as handed down to him, located the Indian well near the United States Life Saving Station, on land now belonging to Mrs. Benjamin Terry. The well was probably the hollow trumk of a pepperidge tree (Nyssa multi-flora) sunk in the meadow that adjoins the upland.”
In 1948, a memorial was placed west of the actual Indian Wells location. The caption reads;
Near this spot, At the Well Springs of Amagansett, The Indians used to pause to slake their thirst, when going on or coming off Montauk.