The Merchant Adventurers - Who Were Organized (But Not
Incorporated) Chiefly Through The Activity Of Thomas Weston, A Merchant
Of London, To "Finance" The Pilgrim Undertaking - Were Bound, As Part Of
Their Engagement, To Provide The Necessary Shipping,' Etc., For The
Voyage.
The "joint-stock or partnership," as it was called in the
agreement of the Adventurers and Planters, was an equal partnership
between but two parties, the Adventurers, as a body, being one of the
co-partners; the Planter colonists, as a body, the other.
It was a
partnership to run for seven years, to whose capital stock the
first-named partner (the Adventurers) was bound to contribute whatever
moneys, or their equivalents, - some subscriptions were paid in goods,
- were necessary to transport, equip, and maintain the colony and provide
it the means of traffic, etc., for the term named. The second-named
partner (the Planter body) was to furnish the men, women, and children,
- the colonists themselves, and their best endeavors, essential to the
enterprise, - and such further contributions of money or provisions, on
an agreed basis, as might be practicable for them. At the expiration of
the seven years, all properties of every kind were to be divided into
two equal parts, of which the Adventurers were to take one and the
Planters the other, in full satisfaction of their respective investments
and claims. The Adventurers' half would of course be divided among
themselves, in such proportion as their individual contributions bore to
the sum total invested.
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