The Swedes on the Delaware, 1638-1664Johnson, Amandus
History
The Swedes on the Delaware, 1638-1664
Johnson, Amandus
Delaware River Valley (N.Y.-Del. and N.J.) -- History; New Sweden -- History; Swedes -- United States
The company discontinued its preparations to send supplies to Rising,
when information was received that the colony had been captured. But
the tobacco trade, which had been of great importance and proved
most profitable, could still become a source of large income to the
stockholders, if it were conducted on a practical and businesslike
basis. In February, 1655, Daniel Junge, the factor, now also the
treasurer of the company, offered to pay 16,000 R. D. for the exclusive
right of selling tobacco in the kingdom; but no agreement was reached,
and the company retained its control of the trade. Importation of
tobacco from Hamburg and Amsterdam continued, and from the time the
company received its new privileges (December, 1654) until the end of
February, 1656, 15,390 lbs. of raw tobacco were sold. Spinning played
an important part and nearly 16,000 lbs. were spun by February of the
above mentioned year. But much smuggling was done in spite of repeated
efforts to regulate the trade. Consequently the business was not always
what it might have been, and, when the officers and soldiers returned
from New Sweden to demand their pay, the finances of the company were
in a deplorable state.
Several proposals and plans for the re-organization of the company
were presented by Kramer and Junge, but they met with little support
from the King and the government. By the end of 1658 the company
had imported 107,914 lbs. of tobacco on which a liberal profit was
realized. Smuggling, however, increased appallingly, making it more
difficult than ever to sell tobacco, and one of two things became
absolutely necessary,--the dissolution or the re-organization of the
company. The officers accordingly decided to re-organize, and the King,
at their suggestion, published an “ordinance concerning the importation
and trade of tobacco.” One of the principal reasons given for granting
the privileges was “that the productive colony in New Sweden might
he preserved and maintained, [which will become] of great benefit to
us, our kingdom and subjects, as well on account of the navigation,
as on account of trade and commerce and the accompanying profit and
advantage.” The entire tobacco trade of the nation was now conducted by
the company and the traffic was extended to almost every city, village,
and hamlet in the kingdom and to the principal centers in Finland and
the other provinces. In consequence the business attained tremendous
proportions. The searchers and inspectors, who were appointed to guard
the rights of the company and to “inspect the tobacco trade”, prevented
smuggling or secret sales in any considerable degree, although the many
fines, collected from “revenue-cutters”, prove that illegal importation
was by no means stamped out.
Public-domain text, read in full here on John Shaqi.
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