Plymouth Company

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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 with the purpose of establishing settlements on the coast of North America.[1]

The merchants offered a en economical agreement to the settlers, where the merchants agreed to finance their trip and in return the settlers would have to repay their trip, through the profits made, with interest.

The company thus fell into disuse and in 1609.

In 1620, after years of disuse, the company was revived and reorganized as the Plymouth Council for New England. 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.

References[edit]

  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 

See also[edit]