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
The discussions in England and Leyden over the articles of agreement
were protracted. Robert Cushman, as intermediary, thought he closed
a hard bargain with the “grasping” merchants. The terms of July 1,
1620, were not unlike those of other colonial enterprises tried in
Virginia and Bermuda. The entire capital, including lands, was to be
a joint stock fund, divided into shares. Every person over the age of
sixteen going to the new colony was rated at £10, and £10 was accounted
a single share. Any emigrant outfitting himself with £10 worth of
provisions was considered worth £20 or a double share. For example,
William Mullins, a well-to-do investor-planter, who died in the first
year, left in his will his stock of £40 worth of boots and shoes,
expecting it to increase to nine shares at the end of seven years. The
adventurers who contributed only money and stayed at home, and the
planters, were to continue the joint stock for seven years during which
time all profits from “trade, traffic, trucking, working, fishing,
or any other means” must remain in the common stock. Then they would
divide equally the capital and profits, viz., lands, houses, and goods.
The common stock would furnish food, apparel, and provisions.
A good deal of controversy arose when it was learned that the
adventurers insisted on harsher terms than those in the original
agreement. The assets of the common stock, it was claimed, had not
included the houses and home lots of the settlers, nor were they to
work seven days a week, two days having been reserved for employment
for their own families. The future planters had some right here, for
they were the full partners and not the servants of the company. Robert
Cushman, who seems to have concealed the stiffer terms, nevertheless
vigorously defended them. When criticized by Pastor Robinson, who
considered him “... (though a good man and of special abilities in
his kind) yet most unfit to deal with other men by reason of his ...
too great indifferency for any conditions ...,” Cushman retorted to
Carver: “... what it is you would have of me I know not; for your
crying out, ‘Negligence, negligence,’ I marvel why so negligent a man
was used in the business.” If the disheartening new conditions insisted
on made many “ready to faint and go back,” he could only say that the
adventurers, other than Weston, would have withdrawn their help if he
had not altered the original ones. With much irritation he objected
to the “querimonies and complaints against me, of lording it over my
brethren and making conditions fitter for thieves and bondslaves than
honest men....” Bradford suggests that Carver never forwarded this
heated letter to Leyden, but its indignant tone suggests the vexations
which fretted the Pilgrims in their undertaking.[6]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account