Debts hopeful and desperate : $b Financing the Plymouth Colony — John Shaqi
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
In spite of rebuffs, the agents from Leyden kept trying to secure
a patent for land from the Virginia Company. Crushing financial
difficulties had recently forced this body to give up underwriting
the Virginia colony by a single joint stock. Instead, small groups of
associates or partners were authorized to invest in separate stocks for
special purposes, such as selling supplies to the settlers. Several
groups of partners were also applying to the Company for grants of
land they meant to settle at their own expense. In fact, a few such
financially independent “private plantations” had already sent over
tenants and servants whom they were permitted to direct. It was
probably on such terms that the Leyden group hoped to obtain land and
to share in its control until the investors were paid off.
At the time of their first application to the Virginia Company the
little band of emigrants were depending upon certain “merchants and
friends” who had agreed to adventure with them, for the provision of
shipping and means. Bradford’s obscure chronology makes it puzzling as
to who these men were. Writing his _History_ much later than the events
he described, he seems to place in about February 1620 the offer of
support by Thomas Weston they finally accepted, although Weston must
have been associated with earlier plans. Several months before, the
Virginia Company had already granted them a patent in the name of John
Wincob, but the discouragement over the religious negotiations and the
state of turmoil in the Virginia Company’s management had made some
people withdraw their original promise to help. Meanwhile, two members
of the Leyden congregation, William Brewster and Thomas Brewer, were
in trouble with the English government for illegally publishing some
religious tracts. The danger of their capture was disheartening, as was
the news about Francis Blackwell, an elder of the English congregation
at Amsterdam, who had conducted a group to settle in Virginia. Together
with most of his shipmates Blackwell had perished in a vessel so
crowded that the 180 passengers were “packed together like herrings.”[4]
Some London merchants offer to invest in the colony
Fortunately, there now appeared in Leyden the venturesome fellow
countryman whose encouraging new proposals soon gave a lift to low
spirits. This was Thomas Weston, a London merchant who had trading
interests in the Low Countries. He persuaded the congregation to reject
the offers the Dutch West India Company had made to induce them to
plant in their territory. He promised, instead, that if the Virginia
Company failed to assist, he and his partners would do so.
Public-domain text, read in full here on John Shaqi.
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