Upon this land at Portland Point the buildings required for the business of the company were built. The partnership was in its way a "family compact." Samuel Blodget, was distantly related to Wm. Hazen and the latter was a cousin of James and Richard Simonds; Robert Peaslie's wife was Anna Hazen, sister of Wm. Hazen, and James White was a cousin of Wm. Hazen. It was agreed that Blodget, Hazen and James Simonds should each have one-fourth part in the business and profits, the remaining fourth part to be divided amongst the juniors, Messrs. White, Peaslie and Richard Simonds. Blodget and Hazen were the principal financial backers of the undertaking and agreed to provide, "at the expense of the company," the vessels, boats, tackling, and also all sorts of goods and stock needed to carry on the trade, also to receive and dispose of the fish, furs and other produce of trade sent to them from Nova Scotia. The fishery and all other business at St. John and elsewhere in Nova Scotia was to be looked after by the others of the company, and the junior partners were to proceed with James Simonds to St. John and work under his direction, so far as to be ruled by him "at all times and in all things which shall relate to the good of the concerned wherein the said White, Peaslie and R. Simonds shall differ in judgment from the said James Simonds, tho' all parties do hereby covenant in all things to consult and advise and act to the utmost of their power for the best good and advantage of the Company." It is evident that the plans of our first business concern at St. John were not drawn up without due consideration. There is no evidence to show that any of the partners except the brothers Simonds had been at St. John previous to the year 1764. The statement has been frequently made that James White visited the harbor in 1762 in company with James Simonds and Capt. Francis Peabody, but his own papers which are still in existence clearly prove that he was almost constantly engaged in the employ of Samuel Blodget at Crown Point during that year. William Hazen and James Simonds were undoubtedly the prime movers in the formation of the trading company that began its operations at St. John in 1764. By their joint efforts they were able to organize a firm seemingly happily constituted and likely to work together harmoniously and successfully. As a matter of fact, however, the company had a very chequered career and at length the war of the Revolution seemed likely to involve them in financial ruin. This seeming calamity in the end proved to be the making of their fortunes by sending the Loyalists in thousands to our shores. But of all this more anon.