New England Colonies

Here's something I found about the starting of the New England Colonies:

On April 10, 1606, King James I of England issued two charters, one each for the Virginia Companies, of London and Plymouth, respectively. Due to a duplication of territory (between Chesapeake Bay and Long Island Sound), the two companies were required to maintain a separation of 100 Miles, even where the two charters overlapped.

These were privately-funded proprietary ventures, and the purpose of each was to claim land for England, trade, and return a profit. Competition between the two companies grew to where their potential New World territory overlapped, and would be finalized based upon results.

The London Company was authorized to make settlements from North Carolina to New York (31 to 41 degrees North Latitude), provided there was no conflict with the Plymouth Company’s charter.