The end of the year 1627 found the colony, as usual, in a depressed state. As a colony, it had never prospered. The average number composing it had not exceeded about fifty persons. At this time it may have been somewhat more, but did not reach a hundred. A single family only appears to have subsisted by the cultivation of the soil. [91] The rest were sustained by supplies sent from France. From the beginning disputes and contentions had prevailed in the corporation. Endless bickerings sprung up between the Huguenots and Catholics, each sensitive and jealous of their rights. [92] All expenditures were the subject of censorious criticism. The necessary repairs of the fort, the enlargement and improvement of the buildings from time to time, were too often resisted as unnecessary and extravagant. The company, as a mere trading association, was doubtless successful. Large quantities of peltry were annually brought by the Indians for traffic to the Falls of St. Louis, Three Rivers, Quebec, and Tadoussac. The average number of beaver-skins annually purchased and transported to France was probably not far from fifteen thousand to twenty thousand, and in a most favorable year it mounted up to twenty-two thousand. [93] The large dividends that they were able to make, intimated by Champlain to be not far from forty per centum yearly, were, of course, highly satisfactory to the company. They desired not to impair this characteristic of their enterprise. They had, therefore, a prime motive for not wishing to lay out a single unnecessary franc on the establishment. Their policy was to keep the expenses at the minimum and the net income at the maximum. Under these circumstances, nearly twenty years had elapsed since the founding of Quebec, and it still possessed only the character of a trading post, and not that of a colonial plantation. This progress was satisfactory neither to Champlain, to the viceroy, nor the council of state. In the view of these several interested parties, the time had come for a radical change in the organization of the company. Cardinal de Richelieu had risen by his extraordinary ability as a statesman, a short time anterior to this, into supreme authority, and had assumed the office of grand master and chief of the navigation and commerce of France. His sagacious and comprehensive mind saw clearly the intimate and interdependent relations between these two great national interests and the enlargement and prosperity of the French colonies in America. He lost no time in organizing measures which should bring them into the closest harmony. The company of merchants whose finances had been so skilfully managed by the Caens was by him at once dissolved. A new one was formed, denominated _La Compagnie de la Nouvelle-France_, consisting of a hundred or more members, and commonly known as the Company of the Hundred Associates. It was under the control and management of Richelieu himself. Its members were largely gentlemen in