arrival from Holland formed the chief relief to the monotony of the fur-traders' existence.
The merchants who first sent over vessels and built a trading-post, joined with others to form the New Netherland Company; for it was a time when settlement and conquest were undertaken more often by great trading companies than by either the national government or by individuals. The Netherlands government granted this company the monopoly of the fur-trade with the newly discovered territory for three years from 1615, and renewed the grant for a year at a time until 1621, when it was allowed to lapse, a more powerful competitor being in the field. The company was a mere trading corporation, and made no effort to really settle the land; but the fur-trade proved profitable, and the post on Manhattan Island was continued, while another was built near the head of the Hudson, close to the present site of Albany.
In 1621, the great West India Company was chartered by the States-general, and given the monopoly of the American trade; and it was by this company that the city was really founded, the first settlement being made which was intended to be permanent. All the magnificent territory discovered by Hudson was granted it under the name of the New Netherlands. The company was one of the three or four huge commercial corporations