74 The French in Prince Edward Island 
     
    
   
   
    
     Intendant of New France in Isle Saint Jean. It 
     
     should be remembered that France was still in the 
     
     grip of the feudal system and saw nothing incongru- 
     
     ous in extending it to the New World. On the other 
     
     hand, since the days of Richelieu, the political, judi- 
     
     cial, and military functions of feudalism were being 
     
     steadily superseded, so that it was only feudalism in 
     
     its economic aspect that was illustrated in the grant 
     
     to the Company of the East. 
     
    

    
     One would have thought that the experience with 
     
     chartered companies in both Acadia and New France 
     
     would have been sufficient to discourage the new ex- 
     
     periment apart from the failure of the trading com- 
     
     panies in Isle Saint Jean itself. But apparently 
     
     France still had faith in this method of colonization. 
     
     The Company was to take out eighty settlers in 
     
     1732, and thirty each subsequent year, with the 
     
     necessary stock to establish hearth and home. It was 
     
     to encourage these settlers to clear lands, and to 
     
     build such roads as were necessary for public use. 
     
    

    
     True to the French policy of uniting the interests 
     
     of the state and of religion, the Company was to 
     
     build one or more churches in return for which they 
     
     would be honored as patrons. On the failure to carry 
     
     out these conditions the land was to revert to the 
     
     Crown. 
     
    

    
     On the other hand, the Company was to be per- 
     
     mitted to establish stores and drying places on the 
     
     north coast of the colony outside their concession, 
     
     where they would be treated generously with grants 
     
    
   
   
    
     1B, Vol. 552, pp. 755-759.