United States -- History -- Colonial period, ca. 1600-1775
In June, 1624, the expected paper from Virginia came to hand, and the
cause was argued the same month at Trinity term on a writ of _quo
warranto_ before Chief-Justice James Ley of the King's Bench. The
legal status of the company was unfavorable, for it was in a hopeless
tangle, and the death record in the colony was an appalling fact.
When, therefore, the attorney-general, Coventry, attacked the company
for mismanagement, even an impartial tribune might have quashed the
charter. But the case was not permitted to be decided on its merits.
The company made a mistake in pleading, which was taken advantage of
by Coventry, and on this ground the patent was voided the last day of
the term (June 16, 1624).[25]
Thus perished the great London Company, which in settling Virginia
expended upward of L200,000 (equal to $5,000,000 in present currency)
and sent more than fourteen thousand emigrants. It received back from
Virginia but a small part of the money it invested, and of all the
emigrants whom it sent over, and their children, only one thousand two
hundred and twenty-seven survived the charter. The heavy cost of the
settlement was not a loss, for it secured to England a fifth kingdom
and planted in the New World the germs of civil liberty. In this
service the company did not escape the troubles incident to the
mercenary purpose of a joint-stock partnership, yet it assumed a
national and patriotic character, which entitles it to be considered
the greatest and noblest association ever organized by the English
people.[26] However unjust the measures taken by King James to
overthrow the London Company, the incident was fortunate for the
inhabitants of Virginia. The colony had reached a stage of development
which needed no longer the supporting hand of a distant corporation
created for profit.
In Virginia, sympathy with the company was so openly manifested that
the Governor's council ordered their clerk, Edward Sharpless, to lose
his ears[27] for daring to give King James's commissioners copies of
certain of their papers; and in January, 1624, a protest, called _The
Tragical Relation_, was addressed to the king by the General Assembly,
denouncing the administration of Sir Thomas Smith and his faction and
extolling that of Sandys and Southampton. The sufferings of the colony
under the former were vigorously painted, and they ended by saying,
"And rather (than) to be reduced to live under the like government we
desire his ma^tie y^t commissioners may be sent over w^th authoritie
to hang us."
Public-domain text, read in full here on John Shaqi.
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