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Updated: May 13, 2025
If he crosses the seas like the Pilgrim Fathers, to worship God unmolested in a new country, or, like the merchant-venturers, to fetch home treasure from the Indies, he will find himself unwittingly the pioneer of civilization and the founder of an Empire or a Republic. In the life of our fellows, in the Common Weal, we live and move and have our being.
At the same time an opportunity arose for a group of Indian "merchant-venturers" to use the term in its fine old Elizabethan sense who had set themselves to give the lead to their countrymen, to show what Indian enterprise was capable of achieving. What it has already achieved deserves to be studied as the most pregnant illustration of what the future may hold in reserve.
The handful of English merchant-venturers who under Queen Elizabeth's charter first established three hundred years ago a few precarious settlements on the far-flung shores of a then almost unknown continent no more dreamt of ruling India than did the great East India Company of which they had laid the foundations when it first sought to extend its trading operations into the interior and sent an embassy to court the goodwill of the mighty Moghul emperors then at the height of their power.
Cabot settled in Bristol, where the still existing guild of Merchant-Venturers was even then two centuries old. Columbus, writing of his visit to Iceland, says, 'the English, especially those of Bristol, go there with their merchandise. Iceland was then what Newfoundland became, the best of distant fishing grounds. It marked one end of the line of English sea-borne commerce.
On February 9, 1921, three hundred and twenty-one years after Queen Elizabeth granted to her trusty "Merchant-venturers" of London the charter out of which the East India Company and the British Empire of India were to grow up, His Royal Highness the Duke of Connaught inaugurated at Delhi, in the King-Emperor's name, the new representative institutions that are to lead India onward towards complete self-government as an equal partner in the British Commonwealth of Nations.
The following year, 1603, just after the death of Queen Elizabeth, some merchant-venturers of Bristol sent out two vessels under Martin Pring. Like Gosnold, Pring first made the coast of Maine and then felt his way south. Unlike Gosnold, however, he 'bore into the great Gulfe' of Massachusetts Bay, where he took in a cargo of sassafras at Plymouth Harbor.
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