CONTAINING AN ACCOUNT OF THE FIRST SETTLEMENT OF CHESAPEAKE BAY, IN VIRGINIA, BY THE CORPORATION OF LONDON ADVENTURERS, AND THEIR PROCEEDINGS DURING THEIR GOVERNMENT BY A PRESIDENT AND COUNCIL ELECTIVE.
§ 13. The merchants of London, Bristol, Exeter, and Plymouth soon perceived what great gains might be made of a trade this way, if it were well managed and colonies could be rightly settled, which was sufficiently evinced by the great profits some ships had made, which had not met with ill accidents. Encouraged by this prospect, they joined together in a petition to King James the First, shewing forth that it would be too much for any single person to attempt the settling of colonies, and to carry on so considerable a trade; they therefore prayed his majesty to incorporate them, and enable them to raise a joint stock for that purpose, and to countenance their undertaking.
His majesty did accordingly grant their petition, and by letters patents, bearing date the 10th of April, 1606, did in one patent incorporate them into two distinct colonies, to make two separate companies, viz: "Sir Thomas Gates, Sir George Summers, knights; Mr. Richard Hackluit, clerk, prebend of Westminster, and Edward Maria Wingfield, esq., adventurers of the city of London, and such others as should be joined unto them of that colony, which should be called the first colony, with liberty to begin their first plantation and seat, at any place upon the coast of Virginia where they should think fit and convenient, between the degrees of thirty-four and forty-one of northern latitude. And that they should extend their bounds from the said first seat of their plantation and habitation fifty English miles along the seacoast each way, and include all the lands within an hundred miles directly over against the same seacoast, and also back into the main land one hundred miles from the seacoast; and that no other should be permitted or suffered to plant or inhabit behind or on the back of them towards the main land, without the express license of the council of that colony, thereunto in writing first had and obtained. And for the second colony, Thomas Hanham, Rawleigh Gilbert, William Parker, and George Popham, esquires, of the town of Plymouth, and all others who should be joined to them of that colony, with liberty to begin their first plantation and seat at any place upon the coast of Virginia where they should think fit, between the degrees of thirty-eight and forty five of northern latitude, with the like liberties and bounds as the first colony; provided they did not seat within an hundred miles of them."