The Laconia Company received - its first grant under the erroneous impression that the Piscataqua river had its source in or near Lake Champlain, and its principal object was to establish an extensive fur trade with the Iroquois Indians.
In 294 B.C. he was defeated at Mantineia by Demetrius Poliorcetes, who invaded Laconia, gained a second victory close to Sparta, and was on the point of taking the city itself when he was called t So Plut.
In 455 Tolmides ravaged Laconia and secured Naupactus on the Corinthian gulf; in 4544 Pericles himself defeated the Sicyonians, and made a descent upon Oeniadae at the mouth of the gulf, and in 453 conducted a cleruchy to the Thracian Chersonese.
The exiles were settled by Sparta in Thyreatis, on the frontiers of Laconia and Argolis.
Lysander as ephor proposed on behalf of Agis that all debts sbould be cancelled and that Laconia should be divided into 19,500 lots, of which 4500 should be given to Spartiates, whose number was to be recruited from the best of the perioeci and foreigners, and the remaining 15,000 to perioeci who could bear arms. The Agiad king Leonidas having prevailed on the council to reject this measure, though by a majority of only one, was deposed in favour of his son-in-law Cleombrotus, who assisted Agis in bearing down opposition by the threat of force.