THE VOYAGES OF THE CABOTS

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Henry’s patent, bearing date March 5, 1495/6, and distinguished as “the most ancient American state paper of England,” gave to the grantees sweeping powers and a pretty complete commercial monopoly. They were authorized to sail in all seas to the East, the West, and the North; to seek out in any part of the undiscovered world islands, countries, and provinces of the heathen hitherto unknown to Christians; affix the ensigns of England to all places newly found and take possession of them for the English crown. They were to have the exclusive right of frequenting the places of their discovery, and enjoy all the fruits and gains of their navigations except a fifth part, which was to go to the king. The sole restriction imposed was that on their return voyages they should always land at the port of Bristol. With these generous concessions, however, the canny king stipulated that the enterprise should be wholly at the Cabots’ “own proper costs and charges.”