The Company pinned their hopes to an outbreak of hostilities,[42] which would enable them to attempt to regain what they had lost. A protracted peace was hardly looked for by the nation. In answer to Governor Knight's continual complaints, to which were added those of the dispossessed Geyer, the Company begged its servants to bide their time; and to exert themselves to the utmost to increase the trade at Albany, and Moose, and Rupert's River. "England," says the historian Green, "was still clinging desperately to the hope of peace, when Lewis, by a sudden act, forced it into war. He had acknowledged William as King in the Peace of Ryswick, and pledged himself to oppose all the attacks on his throne. He now entered the bed-chamber at St. Germain, where James was breathing his last, and promised to acknowledge his son at his death as King of England, Scotland and Ireland." [Sidenote: Outbreak of the war between England and France.] Such a promise was tantamount to a declaration of war, and in a moment England sprang to arms. None were so eager for the approaching strife as the Honourable Merchants-Adventurers. They expressed their opinion that, while their interests had undoubtedly suffered at the peace of 1697, they were far from attributing it to any want of care on the part of his Majesty. Their rights and claims, they said, were then "overweighed by matters of higher consequence depending in that juncture for the glory and honour of the King." Yet a dozen more years were to elapse before they were to come into their own again; and during that critical period much was to happen to affect their whole internal economy. The value of the shares fell; the original Adventurers were all since deceased, and many of their heirs had disposed of their interests. A new set of shareholders appeared on the scene; not simultaneously, but one by one, until almost the entire personnel of the Company had yielded place to a new, by no means of the same weight or calibre.[43] Mention has already been made of the manner in which the Company devoted its thought and energy to its weekly meetings. Not even in the gravest crises to which the East India Company was subjected, was there a statute more inconvenient or severe, than the following: "Resolved and ordered by the Committee, to prevent the Company's business from being delayed or neglected, that for the future if any member do not appear by one hour after the time mentioned in the summons and the glass run out, or shall depart without leave of the Committee, such member shall have no part in the moneys to be divided by the Committee, and that the time aforesaid be determined by the going of the clock in the Court-room, which the Secretary is to set as he can to the Exchange clock; and that no leave shall be given until one hour after the glass is run out."