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
A member of the Salters’ Company, Beauchamp was an early associate of
Thomas Weston, with whom he furnished the _Sparrow_, a small vessel
sent to Plymouth on private account in 1622. Like Weston he had traded
as an “interloper” to the Low Countries from about 1612 to 1619. In
the composition, Beauchamp was one of the five chosen to receive
payment of the settlement money, and Sherley requested that he be
joined with him as agent or factor in London for the “Undertakers.”
Another New England colonial interest of his was the Muscongus patent
in which Edward Ashley served as agent in fur trade with the Indians.
The merchant also had a share in at least one ship which received a
commission to take pirates. About 1640 he was judged to be not among
the first, but the third, rank of citizens able to contribute to the
King’s financial needs. Beauchamp lent money to various persons and
apparently was rigorous in collection, for even Sherley described
him as “somewhat harsh,” while a debtor’s widow, suing him, accused
him of “unconscionably” prosecuting her at law after her husband had
discharged his debt to him. This appears to be in character with the
attitude we shall see he assumed in the winding up of the Pilgrims’
debts.[32]
James Sherley’s career is indeed the central one among the London
merchant supporters of the colony at Plymouth. In December 1624, when
he was thought to be fatally ill, his generosity was called “the only
glue of the company.” Without his “unfeigned love” for the Pilgrims,
his patience and willingness to disregard the harsh judgments of the
dissatisfied adventurers, it was said that the project would have
failed.
Sherley was apprenticed to his father, Robert Sherley, as a goldsmith
in 1604, and became a full member of the Goldsmiths’ Company in
1612. Like several other members of his family he remained in close
association with the Company throughout his life, although it is clear
that he did not follow the craft of making plate or objects of gold and
silver. Instead, he was in trade. Yet he was first active in Company
business through his collection of Company rents, and he was chosen
to take part in the ceremonial occasions of the Goldsmiths. On Lord
Mayor’s Day, 1633, attired in a rich livery gown “furred with Foynes,”
Sherley appeared at dinner at the Guildhall to “welcome the Lords
Ladies & other guests.” On another occasion, before dining with members
of a neighboring company, he joined them in a special service at St.
Mary Woolnoth’s. Beginning with the office of assistant, and refusing
the third wardenship in 1639, he had risen to the Company’s highest
office, that of prime warden, by 1644. In this capacity he attended
frequent wardens’ and court meetings and presided over a complex amount
of Company business involving leases, loans, relations to the Mint, and
other matters. Goldsmiths’ Hall, in Foster Lane, was a busy center for
financial transactions.
Public-domain text, read in full here on John Shaqi.
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