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a protection to the creditors of the Company. At the commencement of their business the Company owned the sloop Bachelor of 33 tons burden, the sloop "Peggy & Molly," and the schooner Polly. The same year Isaac Johnson of Newbury built for them the schooner Wilmot, of 64 tons burden, and James Simonds paid £180 as his share of her hull.

Mr. Blodget purchased for Mr. Hazen a quantity of yarns, strouds and cordage, which the latter delivered to Crocker, a rope maker, to be worked up for the schooner Wilmot, the sloop "Peggy & Molly," the schooner Polly and the sloop Bachelor. The Company afterwards bought or built the schooners Eunice and Betsy and the sloops St. John's Paquet and Merrimack.

The navigation of the Bay of Fundy and the North Atlantic in general was of course more difficult and dangerous in those days than now. It need not therefore be wondered that Hazen, Simonds & White had a somewhat chequered experience with regard to their vessels, although the accidents of navigation were surprisingly few. The schooner Wilmot proved unfit for the business and the company wished to sell her. They accordingly sent her to Newfoundland for that purpose with a selected cargo. She unluckily lost her deckload of cattle and the voyage was not a profitable one.

The Company having found the fishery at Passamaquoddy decline determined on selling the schooner Eunice, and Hazen & Jarvis disposed of one half of her for the sum of £133 to a Frenchman named Barrere, who had married in Newbury and went on voyages. He sailed with her to the West Indies where he was detained until the American war broke out, and this was the last of her so far as the Company was concerned.