By virtue of the power and authority to us given by the Court of Directors of the Indian and African Company of Scotland, You are hereby ordered in pursuance of your voyage to make the Crab Island, and if you find it free to take possession thereof in name of the Company; and from thence you are to proceed to the Bay of Darien and make the Isle called the Golden Island, which lies close by the shore some few leagues to the leeward of the mouth of the great River of Darien, in and about eight degrees of north latitude; and there make a settlement on the mainland as well as the said island, if proper (as we believe) and unpossessed by an European nation or state in amity with his Majesty; but if otherways, you are to bear to the leeward. Given under our hands at Edinburgh the twelfth day of July, 1698.
— Sailing orders from the Company of Scotland for the First Darien Expedition, 1698.
[W]e do here settle and in the name of God establish ourselves; and in honour and for the memory of that most ancient and renowned name of our Mother Country, we do, and will from henceforward call this country by the name of Caledonia; and ourselves, successors, and associates, by the name of Caledonians.
— Colonists of the Colony of Caledonia, Darién, Panama, November 1698.