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
Without a single surviving letter of Allerton’s, stating his point of
view about the Pilgrims, it is difficult to judge his career. We know
that as a busy merchant and projector he continued to shuttle back
and forth across the Atlantic and up and down the American coast from
northern Maine to New Amsterdam. His own ventures in the _White Angel_,
which he hired and later bought from Sherley, turned out badly, but the
fault of placing part of its debts on Plymouth’s account seems to have
been Sherley’s. Allerton set up a rival post at Machias, Maine, “to run
into every hole and into the river of the Kennebec to glean away the
trade ... there”; after its capture by the French, his pinnace traded
in the Penobscot region. During a season of fishing at Marblehead for
Matthew Cradock, a London promoter of the Massachusetts Bay Company,
Allerton nevertheless continued to be named an assistant of the
Plymouth colony and was a freeman there as late as 1637. In 1633 he
was the richest man in Plymouth; he lent large sums of money to other
settlers, including his sister’s husband. Merchants of Massachusetts
and New Netherland did not distrust him, even though Winslow wrote
from England in 1637 to warn Governor Winthrop of Massachusetts that
Allerton was too friendly with “our common adversaries,” those who were
thinking of securing a royal commission to govern all of New England.
He wrote: “... the truth is he loveth neither you nor us.”
The former agent was, in fact, primarily a businessman, without strong
religious or sentimental ties. He certainly “abused” the trust of his
old comrades by saddling them with such heavy debts, but his acts seem
unscrupulous rather than calculated dishonesty. He took risks which, if
they turned out badly, hurt other people. In short, this maker of “fair
propositions and large promises” was led into temptation by dreams of
wealth; in this he was like many another promoter. Ultimately, his bad
judgment and ill luck brought him losses, and he died insolvent in New
Haven in 1659.[44]
The colony and its London partners dispute over their accounts
Public-domain text, read in full here on John Shaqi.
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