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
Andrews’ business interests were widely scattered in trade,
colonization, land speculation, and finance. He joined the effort
of the Massachusetts Bay Company to found a Puritan refuge in New
England; he agreed to lend it £25 and later became one of a group of
“Undertakers” who took over its debts in 1634. In the 1640s he had
a crucial role in financing new trades pioneered by the East India
Company. As a director of that Company for many years, he was required
to own at least £1000 of stock. At one time he invested in a rival
syndicate which traded on the Malabar Coast of India; another of its
schemes was to plant a colony on the West Coast of Africa. Eventually,
Andrews came to co-operate with the Company and rose to be its
governor.[22] These varied mercantile enterprises, and they could be
extended into land dealings, suggest that the young Thomas Andrews was
induced to support the Plymouth venture by calculations of profit as
well as initial approval of its religious aims.
On the whole, however, the religious bonds of the London backers of
Plymouth Colony have received too little attention and their mercenary
objectives have been contrasted too sharply with the purity of motive
of the Pilgrims. In the Massachusetts Bay Company, on the other hand,
it is acknowledged that the investors shared “Puritan” religious and
political ends inspiring them to encourage colonial ventures. This
company included among its members nine Londoners who previously had
been adventurers in the founding of Plymouth. These were Richard
Andrews, Thomas Andrews, just described, Christopher Coulson, Thomas
Goffe, Robert Keane, John Pocock, John Revell, Samuel Sharpe, and John
White.[23] Let us glance at the background of each and consider its
relation to his participation in both plantation schemes.
Public-domain text, read in full here on John Shaqi.
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