140 DUTCH AND ENGLISH ON THE HUDSON ished. Merchants began to hold weekly meetings, thus laying the foundations of The Merchants' Exchange. But his most notable achievement was the establishment of the first mail service on the American continent. In spite of all the sea commerce and trading up and down the river by sloops, pinks, flyboats, ketches, and canoes, the colonies of New York and New England demanded swifter and more frequent means of communication, and Governor Lovelace began to consider how the bonds could be drawn closer. In 1671 one John Archer bought part of Van der Donck's old estate and built a village "near unto the passage commonly called Spiting Devil" on "the road for passengers to go to and fro from the main as well as for mutual intercourse . with the neighboring colony." Lovelace consented to make the village an enfranchised town by the name of Fordham Manor, provided its inhabitants should forward to the next town all public packets and letters coming to or going from New York. The scheme evidently proved a success, for Love- lace shortly decided on a wider extension of com- munication, and the year 1673 was celebrated by the setting out of the first post between New York and New England. It was to have started on New