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
Weston had served his apprenticeship and been admitted to the
Ironmongers Company, one of the London livery companies. A citizen of
London, he was altogether a minor figure in the English business world.
He engaged in the somewhat hazardous task of selling cloth and other
wares to the Low Countries as an “interloper,” that is, a trespasser
on the tight monopoly the Merchant Adventurers Company of London held
there. Although not an investor in Virginia, he evidently shared the
fever which was stimulating dreams of profit even in highly speculative
colonial ventures, and was willing to shift part of his funds to the
relatively untried business of shipping settlers to fish and trade in
the New World. It is also likely that he had some sympathy with the
religious views of the Leyden group.
For some years Weston’s agent at Amsterdam had been Edward Pickering,
a merchant married to a member of the Leyden congregation. He had left
England for religious reasons and enjoyed a reputation for honesty
and success as Weston’s factor. Perhaps it was during a routine visit
of Weston to his shop in Amsterdam that Pickering informed him of the
plans for emigration. None of the leaders at Leyden suspected that in
the long run Weston’s conduct would not bear out the brisk confidence
and easy promises with which he soon persuaded them to accept his
promise of assistance. Indeed, in a short time Pickering himself was
unable to obtain a proper reckoning of accounts with his employer
without returning to England and suing him for a large sum. Weston’s
finances finally became so crippled by debts, including those to some
of the partners in the Plymouth venture, that he left the country and
turned to small fishing voyages in New England.[5] This is looking
ahead of our story, however.
Public-domain text, read in full here on John Shaqi.
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