One Hundred Associates lost a large part of its capital, and its
shareholders received a generous dividend of disappointment in the
very first year of its operations.

A more serious blow, however, was yet to come. Flushed with his
success in 1628, Kirke came back to the St. Lawrence during the next
summer and proceeded to Quebec, where he summoned Champlain and his
little settlement to surrender. As the place was on the verge of
famine owing to the capture of the supply ships in the previous year,
there was no alternative but to comply, and the colony passed for
the first time into English hands. Champlain was allowed to sail for
England, where he sought the services of the French ambassador and
earnestly advised that the King be urged to insist on the restoration
of Canada whenever the time for peace should come. Negotiations for
peace soon began, but they dragged on tediously until 1632, when the
Treaty of St. Germain-en-Laye gave back New France to its former
owners.

With this turn in affairs the Company was able to resume its
operations. Champlain, as its representative, once more reached
Quebec, where he received a genuine welcome from the few Frenchmen who
had remained through the years of Babylonian captivity, and from the
bands of neighboring Indians. With his hands again set to the arduous
tasks, Champlain was able to make substantial progress during the next
two years. For a time the Company gave him funds and equipment besides
sending him some excellent colonists. Lands were cleared in the
neighborhood of the settlement; buildings were improved and enlarged;
trade with the Indians was put upon a better basis. A post was
established at Three Rivers, and plans were made for a further
extension of French influence to the westward. It was in the midst of