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George Bancroft, History of the Colonization of the United States, Vol. 1, 17th edition., Chapter 5: (search)
of the monarch. Now, therefore, nothing but the judicial decision June remained. The decree, which was to be pronounced by judges who held their office by the tenure of the royal pleasure, Story's Com. i. 27. could not long remain doubtful; at the Trinity term of the ensuing year, judgment was given against the treasurer and company, Stith, 329, 330, doubts if judgment were passed. The doubt may be removed. Before the end of the same term, a judgment was declared by the Lord Chief Justice Ley against the company and their charter, only upon a failer, or mistake in pleading. See a Short Collection of the most Remarkable Passages from the Originall to the Dissolution of the Virginia Company; London, 1651, p. 15. See, also, Hazard, l. 191; Chalmers, 62; Proud's Pennsylvania, i. 107 and the patents were cancelled. Thus the company was dissolved. It had fulfilled its high destinies; it had confirmed the colonization of Virginia, and had conceded a liberal form of governme