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The Great Charter of 1619 or more accurately Instructions to George Yeardley was a document drafted by the Virginia Company of London...

Timeline

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  • November 18, 1618: The Virginia Company of London issues its "Instructions to George Yeardley," which includes the abolishment of martial law (Dale's Code) and establishment of the ancient planter/headright system. Part of the purpose was to encourage settlers to emigrate to Virginia, which included building a college. These instructions come to be known as the Great Charter.[1]

Intro

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  • The Company had not solved the problem of profitability, nor that of settlers' morale. Edwin Sandys became Company Treasurer and embarked on a series of reforms. He believed that the manufacturing enterprises the Company had begun were failing due to want of manpower. He embarked on a policy of granting sub-patents to land, which encouraged groups and wealthier individuals to go to Virginia. He sought to reward investors and so distributed 100 acres of land to each adventurer. He also distributed 50 acres to each person who paid his or her own way and 50 acres more for each additional person they brought along. This was known as the Virginia headright system.[2]

Data

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  • www.loc.gov
    • The Company's instructions to the Colony's new governor, George Yeardley, recognize tobacco as a medium of exchange.

This year, Virginia Company officials in London discover that rather than yielding a profit, the original investment of seventy-five thousand pounds has been almost entirely lost. This year begins what is called the "Great Migration," which by 1623 brings the population of the Virginia colony to forty-five hundred.

  • https://encyclopediavirginia.org/entries/virginia-company-of-london/
  • On November 18, 1618, the Virginia Company of London’s two top officers, Sir Thomas Smythe and Sir Edwin Sandys, drafted a set of instructions to the colony’s newly appointed governor, Sir George Yeardley. This document, often referred to as the Great Charter, concerned itself—like the three royal charters before it—with finance and, at least where the colony was concerned, governance.
  • Rather than seek to sell shares or depend entirely on lotteries, the company proposed to fund itself through a resource it already had in abundance: land. By 1618, the company’s debt had swelled to about £9,000, and officials hoped to find a way to entice settlers to pay their own way to Virginia, thus relieving the company of one of its chief expenses. They found it in the headright system, through which the company promised fifty acres of land for each person who paid his or her own passage or any other person’s passage to Virginia.
  • The settler then agreed to pay the company a quit-rent of one shilling per year for every 50 acres. The company also used land to defray another big cost: funding the government. Rather than tax colonists, the company granted its officers in Virginia land and tenants, including slaves and indentured servants, to work the land (tobacco and other farming). The governor, for instance, received 3,000 acres and 100 tenants; the treasurer, 1,500 acres and 50 tenants.
  • The company had struggled to convince some people that Virginia was an acceptable place for an Englishman to live. Tales of an exceedingly strict regime under the Dale's Code were hurting the company’s reputation. As a partial response to this, the Virginia Company authorized the creation of of Council of State and General Assembly. The former’s appointed advisors and the latter’s elected burgesses would more widely distribute power in the colony, providing investor-colonists a greater stake in the enterprise for which they risked their lives.
  • At about the same time, Virginia Company officials also sought to restore investor confidence through a series of reforms in London. The treasurer, elected by company members at the Easter-season quarter court, could now serve a maximum of just three one-year terms. In addition, the treasurer could no longer simultaneously lead another company, as Smythe had led the East India Company. (The Somers Isles Company was excepted from this rule.) To improve record keeping and to make the company’s inner workings more transparent for investors, new provisions added a secretary, a bookkeeper, a husband (accountant), and a bedel (messenger). The company also authorized a sixteen-man council to assist the deputy treasurer in running the company from day to day. Finally, an auditor’s office was created. It consisted of seven members, two of whom were required to be councilors. The office was charged with reviewing both current and, in what turned out to be a significant development, past accounts.
  • This included the Great Migration event.

Instructions:

Research

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Notes

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  1. ^ "The Project Gutenburg ebook of The Three Charters of the Virginia Company of London, by Samuel M. Bemiss". www.gutenberg.org.
  2. ^ https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/colonial-settlement-1600-1763/virginia-colony-1611-1624/