_____ was chartered by King James I in 1606 to settle lands extending from Cape Fear north to the Hudson River (made possible after Spain renounced its claims to Virginia). This grant overlapped with the one issued to Virginia Company of Plymouth, and it was understood that the land in question would go to first successful colonizer. 105 settlers dispatched to settlement on the James River near Chesapeake Bay (called Jamestown) in 1607. First colonists (mostly single men of English gentry) searched for gold and failed to plant crops. By the time relief ships arrived in January 1608, only 38 survivors remained. Company gave control of Jamestown in September 1608 to Captain John Smith (28, experienced in wars against Spanish and Turks). Smith instituted harsh discipline, organized settlers and required them to build houses and plant food. When Smith returned England after serious injuries, of the 500 residents in Sept. 1609, only 100 lived to May1610. By 1625, the Virginia Co. of London declared bankruptcy after years of wars against Indians and Virginia became a royal colony.
Virginia Company of London