Trade jealousies hampered the beginnings of Canadian settlement; there was neither free trade in Canada nor unquestioned monopoly. To cure this evil Richelieu, in 1627, brought into being the company of the One Hundred Associates, nominally a private association, really the offspring of the Government. Its sphere extended from Florida to the North Sea, and from east to west as far as discovery should extend along the rivers of Canada. It controlled all trade except the fisheries, and it enjoyed sovereign rights in so far that it was entitled to confer titles and tenures, subject to the approval of the Crown. The chief officers were to be nominated by the King, but under the Sovereign the company was feudal lord of New France; of its soil and its inland waters, with all that they produced. A statesman projected the company, and, with keen insight into the wants of New France, Richelieu laid down as one of the terms of its charter that settlers were to be introduced in specified numbers, especially and immediately settlers of the artisan class; but these provisions were made to a large extent barren by excluding the Huguenots. At the outset the new French company, with all its backing, was foiled in its efforts by the English Merchant Adventurers. The first transports {81} sent out, bearing settlers and supplies, were captured by Kirke. Quebec fell and New France was lost. The Convention of Susa and the Treaty of St. Germain-en-Laye were signed and executed, and the One Hundred Associates resumed their charge of Canada. Under them Champlain held the government of New France till he died, being succeeded by a soldier, M. de Montmagny, who reached Quebec in June, 1636. [Sidenote: _Three Rivers. Montreal. Sorel._] In 1634, while Champlain was still alive, a fort was begun at Three Rivers. The first permanent settlement at Montreal dates from the spring of 1642, and in the same year Fort Richelieu was founded on the site of the present town of Sorel,[1] where the Richelieu--the river of the Iroquois--joins the St. Lawrence. For many years Quebec, Three Rivers, and Montreal practically comprised New France. Outside them were fur-traders and Jesuit missionaries, carrying their lives in their hands. A few farms were taken up along the river above and below Quebec, but colonization was almost non-existent, and small groups of priests and soldiers at two or three points on the St. Lawrence feebly upheld the power of France in North America. [Footnote 1: 'So called from M. de Saurel, who reconstructed the fort in 1665' (Kingsford's _History of Canada_, vol. i, p. 185).] [Sidenote: _Slow progress of Canada up to 1663._]