The Virginia Company was an English trading company chartered by

King James I James VI and I (James Charles Stuart; 19 June 1566 – 27 March 1625) was King of Scotland as James VI from 24 July 1567 and King of England and Ireland as James I from the union of the Scottish and English crowns on 24 March 1603 until hi ...

on 10 April 1606 with the object of colonizing the eastern coast of America. The coast was named Virginia, after

Elizabeth I Elizabeth I (7 September 153324 March 1603) was Queen of England and Ireland from 17 November 1558 until her death in 1603. Elizabeth was the last of the five House of Tudor monarchs and is sometimes referred to as the "Virgin Queen". El ...

, and it stretched from present-day

Maine Maine () is a state in the New England and Northeastern regions of the United States. It borders New Hampshire to the west, the Gulf of Maine to the southeast, and the Canadian provinces of New Brunswick and Quebec to the northeast and north ...

to the

Carolinas The Carolinas are the U.S. states of North Carolina and South Carolina, considered collectively. They are bordered by Virginia to the north, Tennessee to the west, and Georgia to the southwest. The Atlantic Ocean is to the east. Combining Nort ...

. The company's

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

s were

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

ers, and it was distinguished from the

Plymouth Company The Plymouth Company, officially known as the Virginia Company of Plymouth, was a Division (business), division of the Virginia Company with responsibility for British colonization of the Americas, colonizing the east coast of America between 38 ...

, which was chartered at the same time and composed largely of gentlemen from

Plymouth Plymouth () is a port city and unitary authority in South West England. It is located on the south coast of Devon, approximately south-west of Exeter and south-west of London. It is bordered by Cornwall to the west and south-west. Plymouth ...

, England. The biggest trade breakthrough resulted after adventurer and colonist

John Rolfe John Rolfe (1585 – March 1622) was one of the early English settlers of North America. He is credited with the first successful cultivation of tobacco as an export crop in the Colony of Virginia in 1611. Biography John Rolfe is believed ...

introduced several sweeter strains of

tobacco Tobacco is the common name of several plants in the genus '' Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the ...

from the Caribbean. These yielded a more appealing product than the harsh-tasting tobacco native to Virginia. Cultivation of Rolfe's new tobacco strains produced a strong commodity crop for export for the London Company and other early English colonies and helped to balance a national trade deficit with

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

. The company failed in 1624, following the widespread destruction of the

Great Massacre of 1622 The Indian massacre of 1622, popularly known as the Jamestown massacre, took place in the English Colony of Virginia, in what is now the United States, on 22 March 1622. John Smith, though he had not been in Virginia since 1609 and was not an e ...

by indigenous peoples in the colony, which decimated the English population. On May 24, James dissolved the company and made Virginia a royal colony from England''The First Seventeen Years: Virginia, 1607–1624,'' Charles E. Hatch, Jr. with colonists retaining self-government.

History

1606 a ruling council in London composed of major shareholders in the enterprise. The members were nominated by the company and appointed by James. The council in England then directed the settlers to appoint their own local council, which proved ineffective. The council had to obtain approval from London for expenditures and laws, and limited the enterprise to 100 square miles. Va Company Seal

The Charter of 1606 did not mention a Virginia Company or a Plymouth Company; these names were applied somewhat later to the overall enterprise. The Charter of 1609 stipulates two distinct companies:

that they should devide themselves into two colonies, the one consistinge of divers Knights, gentlemen, merchaunts and others of our cittie of London, called the First Collonie; and the other of sondrie Knights, gentlemen and others of the cities of Bristoll, Exeter, the towne of Plymouth, and other places, called the Second Collonie.

By the terms of the charter, the London Company was permitted to establish a colony of 100 miles square between latitudes 34° and 41° N, approximately between Cape Fear and

Long Island Sound Long Island Sound is a marine sound and tidal estuary of the Atlantic Ocean. It lies predominantly between the U.S. state of Connecticut to the north and Long Island in New York to the south. From west to east, the sound stretches from the Eas ...

. It also owned a large portion of inland Canada. The company established the

Jamestown Settlement Jamestown Settlement is a living history museum operated by the Commonwealth of Virginia, created in 1957 as Jamestown Festival Park for the 350th anniversary celebration. Today it includes a recreation of the original James Fort (c. 1607 to 1614 ...

on 14 May 1607, about 40 miles inland along the James River, a major tributary of the

Chesapeake Bay The Chesapeake Bay ( ) is the largest estuary in the United States. The Bay is located in the Mid-Atlantic (United States), Mid-Atlantic region and is primarily separated from the Atlantic Ocean by the Delmarva Peninsula (including the parts: the ...

Virginia Virginia, officially the Commonwealth of Virginia, is a state in the Mid-Atlantic and Southeastern regions of the United States, between the Atlantic Coast and the Appalachian Mountains. The geography and climate of the Commonwealth ar ...

. In 1620,

George Calvert George Calvert, 1st Baron Baltimore (; 1580 – 15 April 1632), was an English politician and colonial administrator. He achieved domestic political success as a member of parliament and later Secretary of State under King James I. He lost m ...

asked James for a charter for English Catholics to add the territory of the Plymouth Company. The Plymouth Company was permitted to establish settlements between latitudes 38° and 45° N, roughly between the upper reaches of the

and the U.S.-Canada border. On 13 August 1607, the Plymouth Company established the

Popham Colony The Popham Colony—also known as the Sagadahoc Colony—was a short-lived English colonial settlement in North America. It was established in 1607 by the proprietary Plymouth Company and was located in the present-day town of Phippsburg, Ma ...

along the

Kennebec River The Kennebec River (Abenaki language, Abenaki: ''Kinəpékʷihtəkʷ'') is a U.S. Geological Survey. National Hydrography Dataset high-resolution flowline dataThe National Map , accessed June 30, 2011 river within the U.S. state of Maine. It ri ...

. However, it was abandoned after about a year and the Plymouth Company became inactive. A successor company eventually established a permanent settlement in 1620 when the Pilgrims arrived in

Plymouth, Massachusetts Plymouth (; historically known as Plimouth and Plimoth) is a town in Plymouth County, Massachusetts, United States. Located in Greater Boston, the town holds a place of great prominence in American history, folklore, and culture, and is known as ...

, aboard the

Mayflower ''Mayflower'' was an English ship that transported a group of English families, known today as the Pilgrims, from England to the New World in 1620. After a grueling 10 weeks at sea, ''Mayflower'', with 102 passengers and a crew of about 30, r ...

1609–1612

Land Granted by Charter to the Virginia Company in 1609

The Second Charter expanded the area of the enterprise from sea to sea and appointed a governor, because the local councils had proven ineffective. Governor

Thomas West, 3rd Baron De La Warr Thomas West, 3rd Baron De La Warr ( ; 9 July 1577 – 7 June 1618), was an English merchant and politician, for whom the bay, the river, and, consequently, a Native American people and U.S. state, all later called "Delaware", were named. He wa ...

(known as Lord Delaware) sailed for America in 1610. James delegated the governor of Virginia absolute power. Also in 1609, a much larger

Third Supply The Jamestown supply missions were a series of fleets (or sometimes individual ships) from 1607 to around 1611 that were dispatched from England by the London Company (also known as the Virginia Company of London) with the specific goal of initially ...

mission was organized. A new purpose-built ship named the ''

Sea Venture ''Sea Venture'' was a seventeenth-century English sailing ship, part of the Third Supply mission to the Jamestown Colony, that was wrecked in Bermuda in 1609. She was the 300 ton purpose-built flagship of the London Company and a highly unusual ...

'' was rushed into service without the customary sea trials. She became the flagship of a fleet of nine ships, with most of the leaders, food, and supplies aboard. Aboard the ''Sea Venture'' were fleet Admiral

George Somers Sir George Somers (before 24 April 1554 – 9 November 1610) was an English privateer and naval hero, knighted for his achievements and the Admiral of the Virginia Company of London. He achieved renown as part of an expedition led b ...

, Vice-Admiral

Christopher Newport Christopher Newport (1561–1617) was an English seaman and privateer. He is best known as the captain of the ''Susan Constant'', the largest of three ships which carried settlers for the Virginia Company in 1607 on the way to found the settle ...

, Virginia Colony governor Sir Thomas Gates,

William Strachey William Strachey (4 April 1572 – buried 21 June 1621) was an English writer whose works are among the primary sources for the early history of the English colonisation of North America. He is best remembered today as the eye-witness reporter o ...

, and businessman

with his pregnant wife. The third supply convoy encountered a hurricane that lasted three days and separated the ships from one another. The ''Sea Venture'' was leaking through its new caulking, and Admiral Somers had it driven aground on a reef to avoid sinking, saving 150 men and women but destroying the ship. The uninhabited archipelago was officially named " The Somers Isles" after Admiral Somers. The survivors built two smaller ships from salvaged parts of the ''Sea Venture,'' which they named ''Deliverance'' and ''Patience''. Ten months later, they continued on to Jamestown, arriving on May 23, 1610. They left several men behind on the archipelago to establish possession of it. At Jamestown, they found that more than 85-percent of the 500 colonists there had perished during the "Starving Time". The ''Sea Venture'' passengers had anticipated finding a thriving colony and had brought little food or supplies with them. The colonists at Jamestown were saved only by the timely arrival three weeks later of a supply mission headed by

, better known as "Lord Delaware".

1612–1618

The Virginia Company of London failed to discover gold or silver in Virginia, to the disappointment of its investors. However, they did establish trade of various types. The company benefitted from lotteries held throughout England until they were cancelled by the Crown. The company even considered titles of nobility to gain support for the colony. In February 1613, company projects were promoted at court when the lawyer Richard Martin helped produce ''

The Memorable Masque of the Middle Temple and Lincoln's Inn ''The Memorable Masque of the Middle Temple and Lincoln's Inn'' was a Literature in English#Jacobean literature, Jacobean era masque, written by George Chapman, and with costumes, sets, and stage effects designed by Inigo Jones. It was performed ...

'' at

Whitehall Palace The Palace of Whitehall (also spelt White Hall) at Westminster was the main residence of the English monarchs from 1530 until 1698, when most of its structures, except notably Inigo Jones's Banqueting House of 1622, were destroyed by fire. Hen ...

for the

wedding of Princess Elizabeth and Frederick V of the Palatinate The wedding of Princess Elizabeth (1596–1662), daughter of James VI and I, and Frederick V of the Palatinate (1596–1632) was celebrated in London in February 1613. There were fireworks, masques (small, choreography-based plays), tournam ...

. The masque represented Virginian peoples on the stage and also introduced the theme of gold mining. In 1612, the company's charter was officially extended to include the Somers Isles as part of the

Virginia Colony The Colony of Virginia, chartered in 1606 and settled in 1607, was the first enduring English colony in North America, following failed attempts at settlement on Newfoundland by Sir Humphrey GilbertGilbert (Saunders Family), Sir Humphrey" (histor ...

. However, the isles passed to the London Company of the Somers Isles in 1615, which had been formed by the same shareholders as the London Company. The third charter expanded territory eastward to include Summer Islands and other islands.

1618–1624

On 18 November 1618, Virginia Company officers

Thomas Smythe Sir Thomas Smythe (or Smith, c. 1558 – 4 September 1625) was an English merchant, politician and colonial administrator. He was the first governor of the East India Company and treasurer of the Virginia Company from 1609 to 1620 until envel ...

and Edwin Sandys sent a set of instructions to Virginia Governor

George Yeardley Sir George Yeardley (1587 – November 13, 1627) was a planter and colonial governor of the colony of Virginia. He was also among the first slaveowners in Colonial America. A survivor of the Virginia Company of London's ill-fated Third Supply M ...

that are often referred to as "The Great Charter", though it was not issued by James. This charter gave the colony self-governance, which led to the establishment of a Council of State appointed by the governor and an elected General Assembly (House of Burgesses), and provided that the colony would no longer be financed by shares but by tobacco farming. The birth of representative government in the United States can be traced from this Great Charter, as it provided for self-governance from which the House of Burgesses and a General Council were created. The indigenous peoples had grown increasingly resistant to the competition from the colonists and mistreatment at their hands. They rose in what is known as Jamestown Massacre of 1622, also known as the Great Massacre, which decimated the population. Survivors of some eighty plantations gathered into eight near Jamestown. In Britain, company officers debated over guarding the original charter, or deciding to disband the company. The Jamestown Massacre brought unfavorable attention to the colony, particularly from James who had originally chartered the company. There was a period of debate in Britain between company officers who wished to guard the original charter, and those who wanted the company to be disbanded. On 24 May 1624, James dissolved the company and made Virginia a

royal colony A Crown colony or royal colony was a colony administered by The Crown within the British Empire. There was usually a Governor, appointed by the British monarch on the advice of the UK Government, with or without the assistance of a local Counci ...

Arms

References

External links

The First Charter of Virginia; April 10, 1606
at

Yale Law School Yale Law School (Yale Law or YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824 and has been ranked as the best law school in the United States by ''U ...

* {{DEFAULTSORT:Virginia Company 1606 establishments in England 1624 disestablishments in England 17th century in Bermuda Chartered companies Colony of Virginia Companies established in 1606 Companies disestablished in 1624 Defunct companies based in London Economy of Stuart England Shipping companies of England Trading companies of England Trading companies established in the 17th century Trading companies disestablished in the 17th century