Plymouth Company Article

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The 1606 grants by James I to the London and Plymouth companies. The overlapping area (yellow) was granted to both companies on the stipulation that neither found a settlement within 100 miles (160 km) of each other. The location of the Popham Colony is shown by "Po"

The Plymouth Company was an English joint-stock company founded in 1606 by James I of England as a company of Knights, merchants, adventurers, and planters of the cities of Bristol, Exeter and town of Plymouth with the purpose of establishing settlements on the coast of North America. Between 38 and 45 degrees north latitude, within 100 miles of the seaboard [1] The merchants agreed to finance the settlers’ trip in return for repayment of their expenses plus interest out of the profits made. [2]

In 1620, after years of disuse, the company was revived and reorganized as the Plymouth Council for New England With a new charter, “New England Charter of 1620 [3]. The Plymouth Company had 40 patentees at that point, and established the Council for New England to oversee their efforts, but it stopped operating in 1624 when these former plantations were dissolved and became Royal Colonies. [4]

References

  1. ^ John Patterson Davis (1905), Corporations: A Study of the Origin and Development of Great Business Combinations and of Their Relation to the Authority of the State, NY: G. P. Putnam's Sons, OCLC  82100178
  2. ^ ""First Charter of the Virginia Company of London,1606".
  3. ^ "New England Charter of 1620".
  4. ^ "Virginia Trading company".

See also