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William Paterson (1658-1719) was a Scotsman who early removed to the Bahamas. In the Bahamas he preached to the planters' servants, learned from pirates the lore of the Spanish Main, conceived a scheme. The southern reaches of the Isthmus of Panama were known as Darien. From a peak in Darien Balboa first saw the Pacific. Soon the Spaniards were transporting their Inca loot across the Isthmus...

Author: /time Magazine | Title: Science: Bank of England God | 1/23/1933 | See Source »

William Paterson returned to England, tried in vain to interest the merchants of James II's reign in a company to establish a colony on Darien. Hamburg, Amsterdam and Berlin also rejected him. While trying to find backers, he organized the Bank of England (1694), soon fought with fellow directors, resigned, went to Scotland...

Author: /time Magazine | Title: Science: Bank of England God | 1/23/1933 | See Source »

...Scotland he organized the "Company of Scotland trading to Africa and the Indies." In 1698, "amidst the tears and prayers of relatives and friends and countrymen," he, his wife and child accompanied 1,200 colonists to Darien. They settled between Porto Bello and Cartagena, two strong Spanish ports, there intended to build a canal and establish a free trade route "whereby to Britain would be secured the key to the universe, enabling their possessors to give laws to both oceans and to become the arbiters of a commercial world." The Spanish soon drove the colony out. Paterson's family...

Author: /time Magazine | Title: Science: Bank of England God | 1/23/1933 | See Source »

Crime-of-the-Week, issue of Nov. 14, was not solved by Private Detective Noel Scaffa, diamond-finder extraordinary, but by Lieut Amos Anderson of the small but efficient Darien Police Department...

Author: /time Magazine | Title: Letters, Nov. 28, 1932 | 11/28/1932 | See Source »

...Darien's Lieut. Anderson...

Author: /time Magazine | Title: Letters, Nov. 28, 1932 | 11/28/1932 | See Source »

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