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George Bancroft, History of the Colonization of the United States, Vol. 1, 17th edition. 2 0 Browse Search
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George Bancroft, History of the Colonization of the United States, Vol. 1, 17th edition., Chapter 3: (search)
lf centuries ago became known to Western Europe; another had not then one white man within its limits. The principle of joint stock companies, so favorable to every enterprise of uncertain result, by dividing the risks, and by nourishing a spirit of emulous zeal in behalf of an inviting scheme, was applied to the purposes of navigation; and a company of merchant adventurers 1555 was incorporated for the discovery of unknown lands. Hakluyt, i. 298—304. For even the intolerance of Queen Mary could not 1553 to 1558 check the passion for maritime adventure. The sea was becoming the element on which English valor was to display its greatest boldness; English sailors neither feared the sultry heats and consuming fevers of the tropics, nor the intense severity of northern cold. The trade to Russia, now that the port of Archangel had been discovered, gradually increased and became very lucrative; and a regular and as yet an innocent 1553 commerce was carried on with Africa. T