The trustees (entrepreneurs) of the colony planned a profitable silk business and indeed, the first sample of cloth was taken by Oglethorpe to London and touted to be as fine as that produced in China. However, due to the hardships suffered in the colony during the Oglethorpe days who went to raising cattle instead of the mulberry trees, runaway indentured persons, drought, and so on, this investment failed. In 1752, the trustees washed their hands of the project by surrendering the charter to the king. After that, large land grants attracted new settlers and agriculture prospered when permission was given to own slaves.
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