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
Too deep an involvement in colonial ventures was likely to harm one’s
credit. The first deputy governor and treasurer of the Massachusetts
Bay Company, Thomas Goffe, sank into heavy debt for a time, part
contracted for Winthrop personally and part for the Company. Goffe
complained bitterly when, in a difference with Winthrop, he received
no payment. As a shipowner with a share in the _Welcome_ and in two
other vessels which seem to have crossed the Atlantic, he wrote that
his shipowning was far from successful in 1630, the year of the initial
Winthrop voyage. His affairs were “in an ambiguous and desperate
estate” until some of his creditors, pitying him, took over part of
the plantation debts and lent him enough capital to begin trading
again. Though he suffered financial loss from the Puritan venture in
Massachusetts, Goffe perhaps derived a greater measure of satisfaction
from his donation to another Puritan cause. Along with a number of
other Londoners he supported a daily lecture at the Church of St.
Antholin’s. This afforded Puritan ministers and lecturers a platform
for their views until the government suppressed the society, known as
the Feoffees of Impropriations, which had been active in raising money
to encourage a preaching ministry in London and elsewhere.[26]
By investing in the Pilgrims’ colony, John Pocock began what was a
long association with New England. John Peirce called this merchant a
leader in its support, and even after the composition Pocock extended
it credit. Recruited as an officer in the Bay Company, he continued his
generosity to that colony for about a quarter of a century. In fact,
after Thomas Weld and Hugh Peter had concluded a mission in England in
Massachusetts’ behalf, Pocock succeeded them as London agent; he also
offered his shop in Watling Street, where he conducted business as a
merchant taylor and woolen draper, to exhibit their disputed accounts.
A fifteen years’ wait for payment of about £150 worth of cloth he had
sent in 1641 to assist Massachusetts, did not deter him from investing
substantially in John Winthrop Jr.’s project for establishing ironworks
at Braintree, Massachusetts. Pocock fully sympathized with Puritanism
and the parliamentary opposition to the King, as demonstrated by his
contributions to the St. Antholin’s lectureship and his inclusion
among the promoters of the London scheme to raise money for troops to
help crush the Irish Rebellion. Parliament next made him one of the
officials to whom were entrusted the Anglican church revenues so that
they might be converted to the use of new Puritan preachers.[27] John
Pocock’s range of activities indicates that he, too, looked kindly on
Plymouth and Massachusetts Bay as outposts of Puritan influence.
Public-domain text, read in full here on John Shaqi.
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