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Female Olive Welles Click to view Olive Welles in the family tree

Olive was born after 1757.1   Olive's father was James Welles and her mother was Hannah Loomis.  Her maternal grandparents were Daniel Loomis and Hannah (Wetherell) Withrell. She had three brothers and five sisters, named Amasa, Guy, Cyrus, Hannah, Betsey, Theodosia, Alice and Molly.  She was the third oldest of the nine children.1 

1 phelps.FTW @ Tree #0105
Further sources/citations:
World Family Tree Vol. 3, Ed. 1 @ Tree #3669, 3669.ftw