More American History

It was no light matter for the English to cross three thousand miles of
water and found homes in the American wilderness at the opening of the
seventeenth century. Ships, tools, and supplies called for huge outlays
of money. Stores had to be furnished in quantities sufficient to sustain
the life of the settlers until they could gather harvests of their own.
Artisans and laborers of skill and industry had to be induced to risk
the hazards of the new world. Soldiers were required for defense and
mariners for the exploration of inland waters. Leaders of good judgment,
adept in managing men, had to be discovered. Altogether such an
enterprise demanded capital larger than the ordinary merchant or
gentleman could amass and involved risks more imminent than he dared to
assume. Though in later days, after initial tests had been made, wealthy
proprietors were able to establish colonies on their own account, it was
the corporation that furnished the capital and leadership in the
beginning.

Four of the thirteen colonies in America owed their origins to the
trading corporation. It was the London Company, created by King James I,
in 1606, that laid during the following year the foundations of Virginia
at Jamestown. It was under the auspices of their West India Company,
chartered in 1621, that the Dutch planted the settlements of the New
Netherland in the valley of the Hudson. The founders of Massachusetts
were Puritan leaders and men of affairs whom King Charles I incorporated
in 1629 under the title: "The governor and company of the Massachusetts
Bay in New England." In this case the law did but incorporate a group
drawn together by religious ties. "We must be knit together as one man,"
wrote John Winthrop, the first Puritan governor in America. Far to the
south, on the banks of the Delaware River, a Swedish commercial company
in 1638 made the beginnings of a settlement, christened New Sweden; it
was destined to pass under the rule of the Dutch, and finally under the
rule of William Penn as the proprietary colony of Delaware.

In a certain sense, Georgia may be included among the "company
colonies." It was, however, originally conceived by the moving spirit,
James Oglethorpe, as an asylum for poor men, especially those imprisoned
for debt. To realize this humane purpose, he secured from King George
II, in 1732, a royal charter uniting several gentlemen, including
himself, into "one body politic and corporate," known as the "Trustees
for establishing the colony of Georgia in America." In the structure of
their organization and their methods of government, the trustees did not
differ materially from the regular companies created for trade and
colonization. Though their purposes were benevolent, their transactions
had to be under the forms of law and according to the rules of business.