[Sidenote: Satisfaction of the Adventurers.]
It would be difficult to exaggerate the satisfaction of the company of London merchants at hearing the results of their first venture. They had taken counsel together, and considering the importance of securing a charter of monopoly from the King to be paramount, Prince Rupert was persuaded to use his good offices to this end.
Charles was doubtless relieved to hear that his cousin Rupert desired no greater favour. He expressed himself ready to grant such a patent, provided the Lord Chancellor approved. A charter was accordingly drawn up forthwith at the instance of the Prince, in the usual form of such charters; but the winter of 1669-70 elapsed without its having received the royal assent. Indeed it was not until the second day of May that Prince Rupert, presenting himself at Whitehall, received from the King's own hands one of the most celebrated instruments which ever passed from monarch to subject, and which, though almost incessantly in dispute, was perpetuated in full force throughout two centuries.[11]
This document was granted to Prince Rupert and seventeen nobles and gentlemen, comprising the Duke of Albemarle,[12] Earls Craven and Arlington, Lord Ashley,[13] Sir John Robinson, Sir Robert Vyner, Sir Peter Colleton, Sir Edward Hungerford, Sir Paul Neele, Sir John Griffith, Sir Philip Carteret, Knights and Baronets; James Hays, John Kirke, Francis Wellington, William Prettyman, John Fenn, Esquires, and John Portman, "Citizen and Goldsmith," incorporated into a company, with the exclusive right to establish settlements and carry on trade at Hudson's Bay. The charter recites that those adventurers having, at their own great cost, undertaken an expedition to Hudson's Bay in order to discover a new passage into the South Sea, and to find a trade for furs, minerals and other commodities, and having made such discoveries as encouraged them to proceed in their design, his Majesty granted to them and their heirs, under the name of "The Governor and Company of Merchants-Adventurers trading into Hudson's Bay," the power of holding and alienating lands, and the sole right of trade in Hudson's Strait, and with the territories upon the coasts of the same.
