At any rate Richelieu in 1627 prevailed upon the King to abolish the
office of viceroy, to cancel all trading privileges, and to permit the
organization of a great colonizing company, one that might hope to
rival the English and Dutch commercial organizations. This was formed
under the name of the Company of New France, or the Company of One
Hundred Associates, as it was more commonly called from the fact that
its membership was restricted to one hundred shareholders, each of
whom contributed three thousand _livres_. The cardinal himself, the
ministers of state, noblemen, and courtesans of Paris, as well as
merchants of the port towns, all figured in the list of stockholders.
The subscription lists contained an imposing array of names.
The powers of the new Company, moreover, were as imposing as its
personnel. To it was granted a perpetual monopoly of the fur trade
and of all other commerce with rights of suzerainty over all the
territories of New France and Acadia. It was to govern these lands,
levy taxes, establish courts, appoint officials, and even bestow
titles of nobility. In return the Company undertook to convey to the
colony not less than two hundred settlers per year, and to provide
them with subsistence until they could become self-supporting. It was
stipulated, however, that no Huguenots or other heretics should be
among the immigrants.
The Hundred Associates entered upon this portentous task with
promptness and enthusiasm.
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