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
Thus commenced a new and tedious financial wrangle between Plymouth
and London. The former felt that the necessary control of their own
business and obligations ceased when the English members could “run
into such great things, and charge of shipping and new projects in
their own heads, not only without but against all order and advice....”
Confronted by their objections, Allerton undertook to convince them
that they need not have the _White Angel_ on the general account, if
they did not wish to. Years later, in 1639, he testified that he had
bought her at Bristol in 1631 only for the inner group comprising
himself, Sherley, Andrews, and Beauchamp, and even Hatherley, whereas
the _Friendship_ was hired for all the partners of Plymouth. London
contradicted this, saying that the ship would not have been purchased
at all, if it hadn’t been for the interests of Plymouth.
The disagreement over the _White Angel_ and the _Friendship_ plagued
the partnership for some time to come, but the leaders on both sides
of the Atlantic now concurred in the dismissal of Allerton as agent.
Hatherley’s tour of inspection of the “down east” trading posts before
his return to London demonstrated to him that “Allerton played his own
game and ran a course not only to the great wrong and detriment of
the Plantation who employed and trusted him, but abused them ... in
possessing them [in England] with prejudice against the Plantation ...
that they would never be able to repay their moneys....” Winslow, one
of the most enterprising traders among the “Undertakers,” had journeyed
to London earlier in 1631 and succeeded the discredited agent.
Should Allerton flatly be called a cheat? Unable to “be brief in so
tedious and intricate a business,” Bradford himself struggled not to
impute to Allerton thoroughly dishonest motives. The Governor even
admitted that the agent’s commission to act in Plymouth’s behalf had
given him a certain freedom of action. That Allerton had been led
aside from the main desires of the Plantation by “his own gains and
private ends,” we conclude from his managing to invest £400 under
Sherley’s name in the brewhouse belonging to one of the former London
adventurers, William Collier. Bradford became convinced that the agent
had inspired both the schemes of Ashley’s rival trade and the purchase
of the _White Angel_, persuading his London friends that the Kennebec
trade alone was insufficient to pay them.
Public-domain text, read in full here on John Shaqi.
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