The circumstances under which James Simonds, William Hazen and their associates organized the first trading company at St. John have been already related. Their business contract was signed on the 1st of March, 1764. In the course of a year or two the character of the original company was essentially altered by the death of Richard Simonds, the retirement of Samuel Blodget and Richard Peaslie and the admission of Leonard Jarvis as a new partner. Questions had also arisen as to the rights of the several partners in the lands granted in 1765 to James Simonds, James White and.