Debts hopeful and desperate : $b Financing the Plymouth ColonyMcIntyre, Ruth A.
History
Debts hopeful and desperate : $b Financing the Plymouth Colony
McIntyre, Ruth A.
Massachusetts -- History -- New Plymouth, 1620-1691
In spite of all the “clamours and jangling” about the business end
of the voyage, there was one important accomplishment during the few
anxious months before the _Mayflower_ (180 tons) and the _Speedwell_
(60 tons) sailed from Southampton on August 5, 1620. Between £1200
and £1600 was raised to cover the expedition’s costs. Carver spent
£700 of this at Southampton. Unfortunately we do not know how much
was supplied by any particular investor. The £50 put in by Martin,
Cushman considered insignificant. £500 which the Ferrars, probably
John and Nicholas, prominent in the Virginia Company, had promised and
then, for some reason, withdrawn, is the only single large investment
mentioned. The amount John Carver furnished is not specified, but
he was credited by a later writer with having put in most of his
considerable substance. With seventy-odd “Gentlemen ... Merchants ...
[and] handy craftsmen” subscribing to the partnership, most investments
are likely to have been small. At the last minute the party had to sell
butter worth £60 to pay off a debt of £100. They left port dangerously
short of supplies, a fact which, as Cushman predicted, added to their
hardships in the New World.
Their financial difficulties also caused a fateful delay in beginning
their voyage. The August departure date was already too late to allow
time for crossing the Atlantic and building shelter in mild weather.
When the _Speedwell_, leaky and overmasted, forced the ships to put
back to land, a score of discouraged passengers withdrew from the
voyage. The _Mayflower_, now crowded with the entire group, departed
from Plymouth, leaving Robert Cushman behind to serve as chief agent
with the adventurers.
Contrary to their patent, the Pilgrims settle at Plymouth
The location where the Pilgrims planned to settle, and their rights to
it, were directly related to their future livelihood. Bradford says
that when they first made a landfall at Cape Cod they “resolved to
stand for the southward ... to find some place about Hudson’s River for
their habitation.” One of the earliest visitors to New Plymouth, John
Pory, wrote they had set out for Virginia with letters for the Governor
to “give them the best advise he could for trading in Hudson’s river.”
He blamed the master’s faulty navigation for bringing them to Cape Cod,
where the rough weather of early December forced them to decide not to
go southward, but to select a sheltered site nearby.[8] This turned out
to be New Plymouth.
Public-domain text, read in full here on John Shaqi.
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