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
While this enterprising man began his mission without deliberately
dishonest intent, he expected successfully to combine with it the
pursuit of his own private interests. He soon joined Sherley in a
private arrangement, for in 1628 the London man referred to an “account
betwixt you and me,” which was separate from Allerton’s purchases for
Plymouth. There it was known and accepted that he brought over some
goods “upon his own particular, and sold them for his own ... benefit.”
His frequent journeys to England and the intimate knowledge he had of
the needs of New England obviously gave him special opportunities. One
of these was to buy provisions for the settlers of Massachusetts Bay, a
contract perhaps dating from a visit he made aboard the ship carrying
John Winthrop to New England in 1630. Emmanuel Downing and John
Humfrey, two leading supporters in London of the Bay colony, thought
highly of his advice that they move this plantation to the Hudson
River. Allerton’s relation with the Bay leaders outlasted those with
the Pilgrims.[40]
Plymouth’s agent nonetheless revealed an indifference to her wishes
when he brought back from England the very same Thomas Morton whom she
had expelled. It was an insult to shelter this man right on the main
street and even to employ him for a short time as a business secretary.
Then, too, while buying a much bigger quantity of goods to be sold
to the settlers than instructed, Allerton neglected to secure proper
supplies of trading goods. Sherley had pressured him into exceeding
the small quotas ordered by the “Undertakers,” he said in his defense.
Sherley’s letters did stress, of course, the need to turn over as
large an amount as possible during the relatively short duration of
the partnership’s monopoly of trade, arguing that a large outlay
was required to make a good profit in so short a time. “... we must
follow it roundly and to purpose, for if we piddle out the time in our
trade, others will step in and nose us....” Bradford and the others,
understandably, were much more anxious to pay off the debts already
owed than to overextend themselves just to make a profit.[41]
Public-domain text, read in full here on John Shaqi.
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