Muscovy Company

Definition and stakes

S. A. Reilly,  Our Legal Heritage, King AEthelbert… (2012)

“ That is they obtained complete control of a particular foreign market, but any merchant who cared to join the company, pay its dues, and obey its regulations, might share in the benefits of its monopoly. The companies generally confined trade to men who were primarily merchants and not shopkeepers. In 1553 explorer Sebastian Cabot formed the Muscovy Company, which was granted a monopoly in its charter for trade with north Russia. It was oriented primarily to export English woolen cloth. It was the first company trading on a joint stock, which was arranged as a matter of convenience and safety. ”
Source: Gutenberg

Clayton Edwards,  A Treasury of Heroes and Heroines

“ When James the First was King of England, and four years after the death of the great Queen Elizabeth, there existed an English and Russian trading company of wealthy merchants which was known as the Muscovy Company—an association of great influence that desired to extend its commerce to far-off China, whose wealth in those days was considered to be fabulous. All the maritime nations of Europe desired to gain the China trade and to bring to their own ports the rich silks and spices of the Orient. ”
Source: Gutenberg

Portrait of John Fiske John Fiske,  Old Virginia and Her Neighbours…

“ It was afterwards more briefly known as the Muscovy Company. Under its auspices, on the 21st of May, 1553, an English fleet of exploration, under Sir Hugh Willoughby, set sail down the Thames while the cheers of thronging citizens were borne through the windows of the palace at Greenwich to the ears of the sick young king. The ill-fated expedition, seeking a northeasterly passage to Cathay, was wrecked on the coast of Lapland, and only one of the ships got home, but the interest in maritime adventure grew rapidly. ”
Source: Gutenberg

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