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The town of Bassett is located on Highway 61 in southern Mississippi County. It is about halfway between Wilson (Mississippi County) and Joiner (Mississippi County).
Bassett sits on higher ground that, for most of recorded history, was surrounded by swampland and hardwood forests. Artifacts unearthed in the area indicate that the knoll has been inhabited for many centuries. Mississippi County historian Mabel Edrington wrote in 1962 that a 100-acre Native American cemetery had existed at the site. Several Indian nations have been associated with northeastern Arkansas, but over time, they all signed treaties with the federal government and moved west to Indian Territory, now the state of Oklahoma.
The first construction in Bassett that was not done by Indians is also a cemetery. The oldest markers in the cemetery were placed in 1868. It is uncertain why it is known as Bassett Cemetery, since no one with that surname is known to be buried in the cemetery, and the name does not appear in early census records of the county. Nevertheless, a small settlement also known as Bassett grew just north of the cemetery.