1626The Dorchester Company formally dissolved its operations on Cape Ann.People and Communities, European Colonists

During its three years on Cape Ann, the Dorchester Company lost more than it made in the fishing business, and declared bankruptcy. The company offered passage to anyone still on Cape Ann to return to England. Roger Conant and the other settlers who chose to remain, left for Naumkeag the next year. They settled in present-day North Beverly and called their settlement Salem Village.