In 1642, the Pilgrims finally resolve their disagreements with English investors. On June 14th, James Sherley writes a letter to the Plymouth colonists, explaining that he will make good on the Pilgrims’ terms. For the next four years, however, the Pilgrims and investors still have to straighten out various minor financial affairs with England.
By the 1640s, the Pilgrims are free of their financial burdens. For twenty years, debt was like a second religion for the Pilgrims, inspiring them to stick together, work hard, and be responsible for their own actions throughout the year. Even after the debt is paid off, the Pilgrims continue to uphold these virtues.