Apr 10, 2013

The London Company

(Wikipedia) The London Company (also called the Charter of the Virginia Company of London) was an English joint stock company established by royal charter by James I of England on April 10, 1606 with the purpose of establishing colonial settlements in North America. It was not founded as a Joint Stock company, but became one under the 1609 charter. It was one of two such companies, along with the Plymouth Company, that was granted an identical charter as part of the Virginia Company. The London Company was responsible for establishing the Jamestown Settlement, the first permanent English settlement in the present United States in 1607, and in the process of sending additional supplies, inadvertently settled the Somers Isles, alias Bermuda, the oldest-remaining English colony, in 1609. ... On May 14, 1607, the London Company established the Jamestown Settlement on the James River about 40 miles (64 km) upstream from the mouth of the Chesapeake Bay at Cape Henry. Later in 1607, the Plymouth Company established its Popham Colony in present day Maine, but it was abandoned after about a year. Link