Financial History 100th Edition Double Issue (Spring/Summer 2011) | Page 35

colony. The outcome of the venture would determine the fate of the English colony in Virginia. By mid-February, King James granted the company a new charter and reorganized the company to achieve better results than the prior two years. Unfortunately, the government was given greater power and the laws were made more severe under “one able and absolute governor” with total authority to rule the colony, including the power to declare martial law. The company launched a massive public relations campaign from the pulpit and London printing presses. The message of the blitz equated the Jamestown colony with the grand national mission of England for imperial greatness that was providentially inspired. With an infusion of money from hundreds of patriotic investors, the company organized a massive fleet to sail to Virginia and win its national destiny through sheer force of will. Sir George Somers was the admiral of the fleet and took his rightful place aboard the flagship, the Sea Venture, as did Governor Thomas Gates. Christopher Newport, too, was accustomed to command and would not tolerate being consigned to a lesser vessel. Gates stowed the colony’s sealed instructions in a locked box in his cabin on the Sea Venture. Having the leaders of the fleet and of the colony all on one ship, along with the instructions for the governance of the colony, was imprudently risky and foolish. It would prove to be a fateful decision that would determine the course of the Jamestown colony. The three men agreed that they would sail along the new path far north of the equator to avoid any trouble with the Spanish in the West Indies — and they set sail during hurricane season. On June 25, the feast of St. James, patron saint of fishermen and Spain, a ferocious tempest dispersed the fleet. Day turned to night in the inky darkness of the swirling storm. The hurricane “beat all light from heaven, which like a hell of darkness turned black upon us” for three days of “perpetual horror.” The imperiled ships rocked violently in the thrashing seas, barely recovering from one wave when another struck. The ships struggled to remain seaworthy and regroup with each other. It seemed that God’s worst affliction was sent against the flagship and the colony’s leaders. The Sea Venture leaked for three days as the exhausted crew barely staved off her sinking until the ship drifted to Bermuda, what frightened sailors labeled the “isle of devils.” But the island paradise actually provided all the sustenance the castaways needed for a year. Meanwhile, the other ships limped to Jamestown and brought 400 hungry settlers but no supplies and no leaders or instructions. Chaos reigned in the colony as John Smith was nearly assassinated and dozens died during the “Starving Time” when the colonists resorted to eating roots, leather shoes and even other humans. When Governor Gates miraculously sailed into Jamestown in a fleet of two ships ingeniously made from Sea Venture salvage and local materials in May 1610, he was shocked at the condition of the settlers and their colony. Gates unsympathetically assembled the colonists who had the strength and reproached them for the “sloth, riot and vanity” that he believed led to the “Starving Time.” He laid down strict laws and regulations but soon realized that the prospects for survival were dim. He decided to abandon Jamestown and sailed down the James making for England. At that moment, the new governor, Lord De La Warr, ar