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
After the second expedition (in 1640) the New Sweden Company was
entirely under Swedish control, and the stockholders were all Swedish
citizens, born or naturalized. But Swedish capitalists were unable to
conduct so great an enterprise without aid from the crown, and Von
der Linde and De Geer were too cautious to enter upon so doubtful a
venture and too busily engaged in other fields of activity to find time
for planting colonies on the Delaware. The finances of the company
were now in a deplorable state, and something had to be done. Fleming
corresponded with Blommaert and others on the subject, and several
plans were proposed. The affairs of the company were also discussed by
the council of state as well as by the stockholders and officers and
after several conferences it was decided to recommend to the Government
the following:
1. That the company be re-organized and a capital of 36,000 R. D. be
issued.
2. That the crown should subscribe 6,000 R. D. of the stock, the old
South Ship Company 18,000 R. D. and a number of private people 3,000 R.
D. each.
3. That the main office of the company be located in Gothenburg, and a
bookkeeper be employed there.
4. That the governor and other officers be paid from the tobacco excise
in Sweden.
At the final decisions of the government the above principles were
followed, except that Stockholm instead of Gothenburg was made the
head office, with a staple under the charge of a commissary at the
latter place. “In August, 1642, the royal government and respective
stockholders resolved to furnish a capital of 36,000 R. D. in the
New Sweden Company”, and on the twenty-eighth of August the various
accounts were entered into the journal of the company, thus completing
the re-organization of the “new trading society.”
The relation of the crown to the re-organized New Sweden Company stands
forth in a clearer light than to the “Old New Sweden Company of 1637.”
The government now being a stockholder had a legal right to interfere
with the management of the company and to suggest plans of procedure
and methods of work. Since the charter did not clearly define the
principles to be followed, it is evident that many of the decisions of
the crown should seem quite arbitrary. Most of the expeditions to the
colony were determined upon in the council of state, and the ships used
on the expeditions were selected by order of the crown. But this was
only natural. We need but remember that all the private stockholders
were members of the council except Spiring, who, however, held a high
office in the service of the government. The council meetings were the
most convenient place for discussing the company’s business, as it
could there be considered in connection with other commercial affairs,
thus relieving the stockholders from holding special conferences.
Public-domain text, read in full here on John Shaqi.
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