prove_v that_o their_o unjust_a and_o unwarrantable_a action_n have_v be_v such_o as_o have_v tend_v to_o the_o scandal_n of_o our_o religion_n to_o the_o dishonour_n of_o the_o crown_n and_o nation_n the_o reproach_n of_o our_o law_n the_o oppression_n of_o the_o people_n and_o the_o loss_n of_o the_o trade_n itself_o for_o some_o of_o which_o they_o and_o their_o agent_n have_v be_v just_o censure_v in_o parliament_n but_o to_o follow_v the_o respondent_o in_o their_o own_o method_n as_o to_o the_o petition_n relate_v to_o the_o charter_n now_o lie_v before_o your_o majesty_n the_o petitioner_n in_o all_o humility_n reply_n that_o the_o respondent_o have_v endeavour_v to_o evade_v the_o main_a scope_n thereof_o which_o be_v not_o as_o they_o insinuate_v only_a to_o suspend_v the_o pass_v of_o the_o charter_n but_o that_o the_o petitioner_n right_o to_o the_o freedom_n of_o that_o trade_n may_v be_v determine_v by_o a_o due_a course_n of_o law_n in_o order_n to_o which_o the_o petitioner_n offer_v to_o join_v in_o a_o speedy_a trial_n which_o will_v settle_v this_o matter_n and_o the_o respondent_o avoid_v it_o plain_o argue_v their_o own_o conviction_n that_o the_o law_n be_v against_o they_o which_o make_v they_o decline_v that_o method_n of_o a_o legal_a determination_n by_o which_o the_o common_a right_n of_o all_o man_n be_v and_o aught_o to_o be_v decide_v and_o therefore_o endeavour_v to_o draw_v it_o into_o question_n before_o your_o majesty_n in_o council_n where_o they_o themselves_o know_v it_o can_v be_v determine_v but_o the_o petitioner_n in_o humble_a confidence_n of_o your_o majesty_n justice_n hope_v that_o your_o majesty_n will_v not_o deprive_v they_o and_o the_o rest_n of_o your_o majesty_n subject_n of_o their_o right_n thereunto_o for_o that_o the_o petitioner_n be_v advise_v that_o not_o only_o the_o execute_v such_o prohibitory_a power_n but_o even_o the_o very_a obtain_v they_o be_v criminal_a and_o punishable_a by_o law_n as_o to_o the_o first_o of_o the_o eight_o point_n insist_v on_o by_o the_o respondent_o viz._n the_o nature_n of_o the_o avoidance_n of_o their_o charter_n by_o act_n of_o parliament_n etc._n etc._n the_o petitioner_n humble_o reply_v that_o the_o desire_a charter_n be_v not_o so_o proper_o a_o restauration_n of_o the_o late_a company_n as_o a_o new_a creation_n and_o that_o a_o corporation_n when_o once_o void_a as_o in_o the_o present_a case_n can_v be_v restore_v by_o a_o charter_n of_o restauration_n but_o must_v be_v do_v either_o by_o a_o act_n of_o parliament_n or_o a_o charter_n of_o new_a creation_n and_o so_o be_v the_o scope_n of_o the_o grant_v now_o desire_v and_o as_o to_o the_o respondent_o pretence_n that_o the_o intention_n of_o the_o parliament_n be_v not_o to_o dissolve_v they_o it_o be_v most_o evident_a that_o the_o parliament_n do_v intend_v that_o their_o failure_n of_o payment_n at_o the_o day_n shall_v determine_v their_o charter_n for_o that_o the_o time_n of_o payment_n be_v make_v peremptory_a and_o penal_a by_o the_o word_n and_o meaning_n of_o the_o say_a act_n and_o no_o averrment_n in_o any_o case_n aught_o to_o be_v receive_v out_o of_o parliament_n to_o construe_v a_o act_n of_o parliament_n contrary_a to_o the_o express_a letter_n of_o it_o especial_o where_o the_o parliament_n who_o make_v the_o act_n be_v in_o be_v and_o like_a to_o be_v so_o soon_o assemble_v again_o but_o the_o industrious_a and_o eager_a application_n of_o the_o respondent_o for_o a_o charter_n to_o pass_v when_o the_o session_n be_v so_o very_o near_o plain_o show_v they_o be_v convince_v that_o the_o parliament_n have_v no_o such_o intention_n whatever_o they_o may_v pretend_v for_o the_o house_n of_o commons_o be_v so_o far_o from_o discover_v the_o least_o intention_n to_o continue_v they_o when_o they_o be_v a_o company_n much_o less_o to_o restore_v they_o now_o they_o be_v not_o that_o they_o have_v twice_o solemn_o address_v to_o his_o majesty_n to_o dissolve_v they_o and_o in_o the_o whole_a time_n that_o this_o matter_n be_v depend_v before_o they_o it_o be_v observable_a they_o do_v not_o make_v any_o the_o least_o step_n which_o tend_v to_o their_o continuance_n moreover_o the_o restless_a importunity_n of_o the_o respondent_o for_o a_o charter_n at_o this_o time_n be_v the_o more_o unseasonable_a in_o regard_v his_o majesty_n declare_v in_o his_o message_n to_o the_o house_n of_o commons_o the_o last_o session_n that_o the_o dissolve_v the_o late_a company_n and_o constitute_v a_o new_a one_o though_o necessary_a to_o preserve_v this_o trade_n can_v not_o be_v perfect_v by_o his_o own_o authority_n alone_o without_o the_o concurrence_n of_o the_o parliament_n to_o make_v it_o complear_a and_o useful_a and_o for_o that_o reason_n have_v command_v all_o the_o proceed_n in_o that_o matter_n to_o be_v lay_v before_o they_o his_o majesty_n refer_v it_o to_o their_o settlement_n who_o be_v prevent_v by_o the_o company_n great_a opposition_n address_v to_o the_o king_n the_o last_o session_n to_o determine_v the_o charter_n reserve_v the_o settlement_n of_o that_o trade_n to_o themselves_o as_o his_o majesty_n have_v gracious_o refer_v it_o and_o this_o zealous_a application_n of_o the_o respondent_o for_o a_o charter_n to_o pass_v so_o nigh_o the_o session_n can_v be_v no_o other_o than_o a_o design_n in_o they_o to_o take_v the_o settlement_n of_o that_o trade_n out_o of_o those_o very_a hand_n to_o which_o his_o majesty_n do_v so_o express_o commit_v it_o therefore_o it_o seem_v a_o great_a failure_n in_o the_o respondent_o of_o that_o duty_n they_o owe_v to_o your_o majesty_n to_o press_v so_o earnest_o the_o pass_v a_o charter_n in_o direct_a opposition_n to_o the_o declare_a sense_n and_o repeat_v desire_n of_o the_o commons_o in_o parliament_n so_o nigh_o the_o time_n of_o their_o meeting_n as_o to_o the_o respondent_o pretence_n of_o equity_n in_o case_n of_o penalty_n and_o forfeiture_n the_o petitioner_n humble_o reply_v that_o though_o there_o can_v be_v no_o equity_n against_o the_o penalty_n of_o a_o act_n of_o parliament_n yet_o the_o forfeit_a estate_n of_o the_o late_a company_n be_v now_o your_o majesty_n may_v be_v restore_v to_o they_o at_o your_o majesty_n pleasure_n without_o any_o such_o charter_n as_o be_v desire_v if_o your_o majesty_n shall_v think_v fit_a so_o far_o to_o remit_v the_o forfeiture_n which_o with_o humble_a submission_n be_v all_o the_o equity_n they_o can_v pretend_v to_o and_o if_o their_o estate_n be_v so_o valuable_a as_o they_o allege_v it_o be_v your_o majesty_n remit_v their_o forfeiture_n as_o to_o that_o will_v be_v so_o great_a a_o grace_n and_o bounty_n towards_o they_o that_o they_o will_v have_v no_o reason_n to_o urge_v the_o payment_n of_o their_o tax_n as_o a_o argument_n for_o a_o new_a charter_n or_o any_o way_n to_o regret_n the_o payment_n '_o thereof_o and_o because_o the_o respondent_o have_v endeavour_v to_o excuse_v their_o nonpayment_n allege_v the_o exchequer_n be_v shut_v and_o that_o their_o money_n be_v ready_a have_v the_o officer_n be_v there_o to_o receive_v it_o the_o petitioner_n can_v but_o observe_v that_o all_o their_o other_o allegation_n be_v make_v the_o less_o creditable_a by_o the_o insincerity_n of_o this_o for_o when_o this_o matter_n be_v refer_v by_o your_o majesty_n to_o be_v examine_v it_o do_v plain_o appear_v by_o the_o testimony_n of_o some_o of_o the_o principal_a officer_n in_o the_o receipt_n of_o your_o majesty_n exchequer_n take_v in_o the_o presence_n of_o several_a of_o the_o respondent_n themselves_o and_o afterward_o confirm_v by_o the_o affidavit_n of_o several_a of_o the_o under-officer_n now_o ready_a to_o be_v produce_v that_o the_o office-door_n be_v open_a on_o the_o 25_o of_o march_n last_o during_o the_o usual_a hour_n that_o the_o officer_n be_v attend_v in_o their_o place_n that_o public_a business_n be_v dispatch_v and_o that_o the_o respondent_o money_n will_v have_v be_v receive_v if_o it_o have_v be_v tender_v which_o misrepresentation_n of_o this_o matter_n to_o your_o majesty_n be_v a_o great_a presumption_n in_o the_o respondent_o beside_o their_o eager_a press_v for_o a_o new_a charter_n be_v a_o sufficient_a argument_n of_o their_o self-conviction_n that_o their_o money_n be_v neither_o pay_v nor_o tender_v at_o the_o time_n appoint_v and_o consequent_o that_o their_o charter_n be_v void_a as_o to_o the_o second_o allegation_n in_o the_o say_a answer_n wherein_o the_o respondent_n charge_v the_o petitioner_n to_o insist_v that_o such_o restitution_n and_o grant_v of_o the_o sole_a trade_n be_v against_o law_n and_o do_v assert_v the_o power_n of_o the_o prerogative_n in_o grant_v a_o sole_a trade_n to_o some_o with_o exclusion_n to_o other_o forasmuch_o as_o the_o respondent_n do_v urge_v the_o power_n of_o the_o prerogative_n to_o obstruct_v the_o petitioner_n in_o the_o exercise_n of_o their_o lawful_a
a_o journal_n of_o several_a remarkable_a passage_n before_o the_o honourable_a house_n of_o commons_o and_o the_o right_n honourable_a the_o lord_n of_o their_o majesty_n most_o honourable_a privy_a council_n relate_v to_o the_o east-india_n trade_n the_o ruinous_a condition_n of_o our_o trade_n to_o the_o east-indies_n have_v put_v several_a merchant_n and_o other_o upon_o consider_v by_o what_o mean_v so_o advantageous_a and_o profitable_a a_o trade_n may_v be_v secure_v from_o be_v utter_o lose_v to_o this_o kingdom_n and_o if_o possible_a be_v re-establisht_a it_o be_v conclude_v that_o the_o most_o likely_a way_n to_o obtain_v that_o end_n be_v to_o endeavour_v the_o procure_v a_o act_n of_o parliament_n for_o establish_v a_o new_a east-india_n company_n found_v on_o a_o new_a and_o sufficient_a national_a joint-stock_n clear_a of_o all_o encumbrance_n whereupon_o those_o merchant_n prepare_v the_o follow_a petition_n which_o be_v deliver_v to_o the_o honourable_a house_n of_o commons_o the_o 23_o october_n 1691._o pray_v such_o a_o establishment_n to_o the_o honourable_a the_o commons_o of_o england_n in_o parliament_n assemble_v the_o humble_a petition_n of_o several_a merchant_n and_o trader_n in_o and_o about_o the_o city_n of_o london_n and_o other_o their_o majesty_n subject_n show_n that_o the_o trade_n to_o east_n india_n be_v of_o great_a importance_n to_o this_o nation_n and_o yet_o by_o the_o manifold_a abuse_n and_o unlawful_a practice_n of_o the_o present_a east_n india_n company_n both_o at_o home_n and_o abroad_o who_o have_v manage_v the_o same_o only_a for_o their_o private_a gain_n without_o any_o regard_n to_o the_o public_a good_a the_o say_a trade_n be_v like_a to_o be_v utter_o lose_v to_o this_o kingdom_n and_o to_o fall_v into_o the_o hand_n of_o foreiner_n unless_o timely_o prevent_v by_o some_o better_a regulation_n thereof_o on_o a_o new_a joint-stock_n and_o constitution_n your_o petitioner_n therefore_o most_o humble_o pray_v this_o honourable_a house_n for_o prevent_v so_o national_a a_o mischief_n to_o take_v into_o your_o consideration_n the_o establish_v a_o new_a east-india_n company_n in_o such_o manner_n and_o with_o such_o power_n and_o limitation_n as_o in_o your_o great_a wisdom_n shall_v be_v think_v most_o conduce_v to_o the_o preservation_n of_o so_o beneficial_a a_o trade_n to_o this_o kingdom_n and_o your_o petitioner_n shall_v ever_o pray_v etc._n etc._n this_o petition_n be_v sign_v by_o a_o great_a number_n of_o gentleman_n merchant_n and_o other_o trader_n who_o together_o with_o several_a noble_a lord_n show_v their_o willingness_n to_o promote_v so_o good_a a_o work_n and_o to_o be_v concern_v the_o several_a sum_n by_o they_o subscribe_v towards_o raise_v such_o a_o stock_n to_o carry_v on_o that_o trade_n make_v it_o their_o request_n to_o those_o person_n who_o have_v engage_v themselves_o therein_o to_o pursue_v their_o endeavour_n to_o procure_v such_o a_o establishment_n as_o appear_v by_o a_o write_v sign_v to_o that_o effect_n copy_n whereof_o follow_v whereas_o the_o trade_n to_o east-india_n be_v of_o very_o great_a importance_n to_o this_o nation_n and_o yet_o through_o the_o many_o abuse_n and_o unlawful_a practice_n of_o the_o manager_n of_o the_o present_a joint_a stock_n both_o at_o home_n and_o abroad_o be_v like_a to_o be_v utter_o lose_v if_o some_o speedy_a care_n be_v not_o take_v by_o application_n to_o their_o majesty_n and_o the_o parliament_n to_o procure_v a_o regular_a and_o lawful_a establishment_n of_o the_o same_o which_o can_v be_v complete_v without_o a_o new_a and_o sufficient_a national_a joint-stock_n clear_a of_o all_o encumbrance_n and_o whereas_o divers_a eminent_a merchant_n and_o trader_n in_o and_o about_o the_o city_n of_o london_n be_v according_o endeavour_v to_o procure_v such_o a_o establishment_n for_o the_o benefit_n and_o advantage_n of_o all_o person_n who_o shall_v or_o will_v be_v concern_v in_o the_o say_a trade_n we_o the_o subscriber_n be_v willing_a to_o promote_v so_o good_a a_o work_n and_o desirous_a to_o preserve_v a_o trade_n so_o high_o beneficial_a to_o their_o majesty_n and_o this_o kingdom_n in_o general_n do_v hereby_o several_o promise_v and_o oblige_v ourselves_o so_o soon_o as_o such_o establishment_n shall_v be_v make_v to_o pay_v the_o several_a sum_n of_o money_n by_o we_o subscribe_v towards_o raise_v the_o say_a stock_n at_o such_o time_n and_o place_n as_o a_o committee_n to_o be_v choose_v by_o the_o major_a part_n of_o we_o the_o subscriber_n shall_v direct_v and_o appoint_v and_o we_o do_v hereby_o make_v it_o our_o request_n to_o those_o person_n who_o have_v engage_v themselves_o by_o a_o certain_a write_n under_o their_o hand_n bear_v date_n the_o 8_o instant_a to_o endeavour_v the_o procure_v such_o establishment_n to_o pursue_v those_o their_o endeavour_n to_o perfect_a and_o complete_a the_o same_o and_o we_o do_v hereby_o further_o promise_n to_o allow_v and_o pay_v they_o out_o of_o the_o say_v joint_a stock_n when_o the_o same_o shall_v be_v settle_v as_o aforesaid_a all_o such_o sum_n of_o money_n as_o shall_v be_v think_v necessary_a by_o they_o to_o be_v lay_v out_o and_o disburse_v in_o obtain_v the_o say_a establishment_n according_a to_o the_o true_a intent_n and_o meaning_n of_o this_o preamble_n so_o as_o the_o account_n thereof_o be_v allow_v and_o sign_v by_o the_o major_a part_n of_o those_o who_o have_v subscribe_v the_o write_n above_o mention_v the_o honourable_a house_n of_o commons_o show_v a_o very_a great_a inclination_n and_o readiness_n to_o promote_v a_o undertake_n so_o necessary_a and_o advantageous_a to_o this_o kingdom_n and_o make_v a_o considerable_a progress_n therein_o but_o find_v themselves_o prevent_v in_o the_o accomplishment_n of_o it_o as_o well_o by_o the_o press_a occasion_n of_o other_o public_a affair_n as_o by_o the_o great_a opposition_n of_o the_o then_o company_n they_o present_v to_o his_o majesty_n the_o follow_a address_n sabbati_fw-la 6_o die_v februarii_fw-la 1691._o resolve_v that_o a_o humble_a address_n be_v make_v to_o his_o majesty_n to_o dissolve_v the_o present_a east-india_n company_n according_a to_o his_o power_n reserve_v in_o their_o charter_n and_o to_o constitute_v another_o east_n india_n company_n for_o the_o better_a preserve_v the_o east-india_n trade_n to_o this_o kingdom_n in_o such_o manner_n as_o his_o majesty_n in_o his_o royal_a wisdom_n shall_v think_v fit_a resolve_v that_o the_o say_a address_n be_v present_v by_o the_o whole_a house_n jovis_n 11_o die_v februarii_fw-la 1691._o mr._n speaker_n report_a to_o the_o house_n that_o he_o do_v yesterday_o present_a to_o his_o majesty_n their_o humble_a address_n touch_v the_o east-india_n company_n and_o that_o his_o majesty_n be_v please_v to_o express_v himself_o to_o this_o effect_n that_o it_o be_v a_o matter_n of_o very_o great_a importance_n to_o the_o trade_n of_o this_o kingdom_n and_o that_o it_o can_v not_o be_v expect_v he_o shall_v give_v a_o present_a answer_n to_o it_o but_o that_o he_o will_v take_v time_n to_o consider_v of_o it_o and_o in_o a_o short_a time_n give_v they_o his_o positive_a answer_n whereupon_o his_o majesty_n during_o the_o recess_n of_o the_o parliament_n refer_v the_o consideration_n of_o the_o settlement_n of_o that_o trade_n to_o a_o committee_n of_o the_o lord_n of_o his_o most_o honourable_a privy_a council_n who_o be_v likewise_o prevent_v therein_o by_o the_o then_o company_n as_o may_v appear_v by_o the_o regulation_n which_o their_o lordship_n propose_v to_o they_o and_o their_o answer_n together_o with_o his_o majesty_n message_n send_v to_o the_o house_n of_o commons_o the_o last_o session_n complain_v of_o their_o carriage_n upon_o that_o occasion_n all_o which_o be_v late_o print_v it_o will_v be_v needless_a to_o repeat_v they_o the_o merchant_n who_o be_v entrust_v in_o endeavour_v to_o obtain_v the_o establishment_n of_o a_o new_a east-india_n company_n by_o act_n of_o parliament_n deliver_v another_o petition_n to_o the_o honourable_a house_n of_o commons_o in_o the_o next_o session_n as_o follow_v viz._n to_o the_o honourable_a the_o knight_n citizens_z and_o burgess_n in_o parliament_n assemble_v the_o humble_a petition_n of_o several_a merchant_n and_o trader_n in_o and_o about_o london_n and_o other_o their_o majesty_n subject_n show_n that_o the_o petitioner_n with_o many_o other_o do_v in_o the_o last_o session_n of_o parliament_n make_v their_o humble_a application_n to_o this_o honourable_a house_n for_o the_o erect_v a_o new_a east-india_n company_n to_o preserve_v that_o trade_n which_o for_o want_v of_o settlement_n be_v in_o great_a measure_n lose_v to_o this_o kingdom_n will_v whole_o fall_v into_o the_o hand_n of_o our_o neighbour_n unless_o timely_o prevent_v the_o petitioner_n therefore_o humble_o pray_v this_o honourable_a house_n to_o take_v into_o consideration_n the_o erect_v of_o a_o new_a east-india_n company_n for_o the_o retrieve_v and_o secure_v that_o trade_n to_o this_o
majesty_n royal_a predecessor_n king_n and_o queen_n of_o england_n pretend_v by_o the_o petitioner_n to_o be_v avoid_v by_o the_o nonpayment_n of_o the_o first_o quarterly-payment_n lay_v upon_o several_a joint-stock_n by_o a_o late_a act_n of_o this_o present_a parliament_n and_o the_o reason_n of_o such_o stop_n seem_v to_o be_v take_v i._o from_o the_o nature_n of_o the_o avoidance_n which_o as_o it_o be_v say_v be_v by_o act_n of_o parliament_n and_o so_o as_o be_v pretend_v not_o to_o be_v restore_v by_o your_o majesty_n power_n only_o ii_o that_o such_o restition_n be_v against_o law_n as_o give_v the_o company_n the_o sole_a trade_n to_o the_o indies_n iii_o that_o the_o intend_a charter_n of_o restauration_n contain_v clause_n and_o power_n repugnant_a to_o the_o law_n of_o the_o land_n the_o respondent_o humble_o crave_v leave_v to_o represent_v to_o your_o majesty_n that_o though_o it_o shall_v fall_v out_o in_o strictness_n of_o law_n that_o their_o former_a charter_n shall_v be_v avoid_v for_o that_o neglect_n or_o omission_n in_o not_o pay_v the_o first_o quarterly-payment_n at_o the_o precise_a day_n limit_v for_o the_o payment_n yet_o the_o respondent_o humble_o hope_v your_o majesty_n will_v not_o be_v please_v to_o suffer_v that_o advantage_n to_o be_v take_v against_o they_o since_o the_o full_a intent_n and_o meaning_n of_o the_o parliament_n have_v be_v perform_v by_o the_o actual_a payment_n of_o the_o money_n in_o a_o few_o day_n after_o the_o precise_a day_n which_o prefix_v time_n of_o payment_n by_o reason_n the_o act_n come_v not_o forth_o in_o print_n till_o that_o very_a day_n be_v not_o certain_o know_v to_o the_o respondent_o till_o that_o very_a day_n be_v lady-day_n upon_o which_o by_o ancient_a usage_n your_o majesty_n recepit_fw-la of_o the_o exchequer_n have_v not_o be_v open_a however_o they_o so_o far_o proceed_v to_o comply_v with_o the_o letter_n of_o the_o law_n as_o to_o provide_v the_o money_n ready_a to_o pay_v it_o have_v the_o officer_n of_o the_o receipt_n be_v there_o to_o receive_v it_o and_o the_o same_o as_o also_o another_o subsequent_a payment_n have_v be_v answer_v and_o pay_v to_o your_o majesty_n so_o that_o if_o the_o respondent_o have_v fail_v in_o any_o punctilio_n according_a to_o the_o strictness_n and_o nicety_n of_o law_n in_o not_o pay_v it_o in_o upon_o the_o first_o precise_a day_n yet_o the_o respondent_o humble_o conceive_v the_o parliament_n add_v the_o forfeiture_n of_o charter_n as_o a_o penalty_n only_o to_o oblige_v the_o payment_n of_o the_o money_n and_o with_o no_o other_o intention_n and_o have_v add_v no_o disability_n to_o have_v they_o restore_v by_o charter_n and_o it_o be_v a_o inherent_a right_n in_o the_o crown_n either_o to_o create_v or_o restore_v corporation_n and_o relief_n in_o westminster-hall_n be_v daily_o give_v against_o forfeiture_n for_o nonpayment_n of_o money_n or_o rent_n at_o the_o day_n whereby_o lease_n estate_n and_o bond_n become_v forfeit_v and_o new_a estate_n and_o lease_n decree_v to_o be_v make_v and_o your_o majesty_n be_v your_o own_o chancellor_n in_o this_o case_n for_o can_v the_o ordinary_a court_n restore_v a_o corporation_n it_o may_v and_o will_v certain_o be_v do_v there_o but_o that_o be_v a_o flower_n of_o the_o crown_n can_v only_o be_v do_v by_o your_o majesty_n and_o with_o submission_n stand_v upon_o the_o same_o natural_a equity_n and_o justice_n as_o relief_n against_o any_o other_o forfeiture_n of_o estate_n do_v nor_o do_v the_o avoidance_n arise_v by_o non-performance_n of_o a_o matter_n enjoin_v by_o parliament_n alter_z or_o lessen_v the_o right_n of_o the_o prerogative_n in_o make_v or_o restore_a corporation_n nothing_o be_v against_o it_o in_o the_o act._n as_o to_o the_o 2d_o point_n wherein_o the_o petitioner_n deny_v your_o majesty_n power_n to_o grant_v the_o sole_a trade_n to_o the_o east-indies_n to_o a_o company_n that_o power_n be_v sufficient_o justify_v by_o the_o long_a and_o ancient_a practice_n in_o make_v of_o company_n and_o grant_v they_o the_o sole_a trade_n to_o several_a place_n as_o in_o particular_a to_o the_o hamborough_n the_o east-land_n the_o turkey_n company_n and_o other_o who_o all_o derive_v and_o enjoy_v the_o power_n of_o such_o trade_n under_o and_o by_o virtue_n of_o royal_a charter_n only_o and_o there_o be_v something_o more_o of_o reason_n for_o the_o interposition_n and_o exercise_n of_o the_o royal_a prerogative_n in_o the_o east-indies_n which_o be_v inhabit_v by_o infidel_n that_o by_o the_o law_n of_o the_o land_n be_v account_v perpetual_a enemy_n than_o in_o other_o place_n not_o infidel_n and_o the_o crown_n have_v be_v in_o possession_n of_o this_o prerogative_n as_o to_o the_o east-india_n trade_n in_o and_o ever_o since_o the_o reign_n of_o queen_n elizabeth_n when_o it_o be_v discover_v first_o in_o england_n without_o interruption_n till_o of_o late_o invade_v by_o some_o bold_a interloper_n under_o the_o name_n of_o free-trader_n notwithstanding_o the_o petitioner_n have_v and_o do_v vain_o pretend_v that_o trade_n be_v and_o aught_o to_o be_v free_a to_o all_o your_o majesty_n subject_n by_o force_n as_o they_o allege_v of_o some_o ancient_a act_n of_o parliament_n which_o for_o want_n of_o a_o right_a apprehension_n and_o understanding_n they_o misapply_v to_o this_o purpose_n and_o upon_o the_o consideration_n of_o they_o and_o of_o what_o else_o can_v be_v object_v against_o this_o royal_a power_n a_o solemn_a judgement_n of_o your_o majesty_n supreme_a court_n of_o justice_n in_o westminster-hall_n have_v past_a and_o remain_v in_o force_n in_o affirmance_n of_o this_o your_o majesty_n undoubted_a prerogative_n as_o to_o the_o three_o objection_n that_o the_o charter_n of_o restoration_n and_o confirmation_n prepare_v contain_v clause_n and_o power_n repugnant_a to_o the_o law_n of_o the_o land_n the_o respondent_o be_v advise_v and_o humble_o insist_v that_o by_o that_o charter_n the_o company_n will_v be_v restore_v to_o nothing_o but_o what_o they_o lawful_o hold_v and_o enjoy_v before_o the_o allege_a avoidance_n of_o their_o charter_n and_o that_o by_o this_o restitution_n they_o be_v not_o nor_o can_v be_v presume_v to_o be_v restore_v unto_o or_o to_o have_v any_o thing_n confirm_v unto_o they_o but_o what_o be_v legal_a and_o warrant_v by_o the_o law_n of_o the_o land_n the_o word_n be_v tie_v up_o and_o restrain_v to_o what_o be_v legal_a only_o so_o that_o if_o there_o be_v any_o in_o their_o former_a charter_n not_o warrant_v by_o law_n they_o can_v by_o virtue_n of_o this_o charter_n make_v any_o pretence_n to_o it_o nor_o put_v it_o in_o execution_n so_o that_o there_o can_v be_v no_o reasonable_a objection_n against_o this_o charter_n which_o restore_v to_o the_o company_n only_o what_o be_v lawful_a and_o have_v be_v lawful_o enjoy_v by_o they_o and_o when_o such_o charter_n be_v grant_v and_o the_o company_n ancient_n right_o restore_v they_o shall_v be_v ready_a to_o assert_v your_o majesty_n and_o their_o right_n thereby_o in_o a_o due_a and_o legal_a course_n as_o occasion_n shall_v offer_v in_o answer_n to_o the_o petition_n of_o the_o clothier_n and_o woollen_a manufacturer_n the_o respondent_o humble_o say_v that_o in_o the_o year_n 1689_o 1690._o by_o reason_n of_o your_o majesty_n occasion_n they_o can_v not_o be_v permit_v to_o send_v out_o more_o than_o 4_o ship_n and_o therefore_o can_v not_o export_v so_o large_a a_o quantity_n of_o the_o manufacture_n of_o this_o kingdom_n as_o otherwise_o they_o will_v but_o have_v liberty_n for_o a_o great_a quantity_n of_o ship_n in_o the_o 2_o last_o year_n they_o export_v to_o india_n on_o their_o tonnage_n to_o the_o value_n of_o about_o 100000_o l._n in_o cloth_n and_o other_o good_n of_o the_o product_n of_o this_o kingdom_n and_o they_o do_v far_o humble_o assure_v your_o majesty_n that_o they_o will_v send_v out_o this_o year_n upward_o of_o 100000_o l._n of_o woollen_a cloth_n and_o other_o good_n of_o the_o growth_n product_v and_o manufacture_n of_o this_o kingdom_n pursuant_n to_o the_o late_a vote_n of_o the_o honourable_a house_n of_o commons_o if_o they_o may_v obtain_v a_o sufficient_a number_n of_o ship_n in_o answer_n to_o the_o petition_n of_o the_o linen_n draper_n and_o other_o trading_n in_o east-india_n good_n the_o respondent_o humble_o say_v that_o the_o small_a number_n of_o ship_n send_v out_o in_o the_o year_n 1689_o and_o 1690_o for_o want_n of_o leave_n and_o protection_n for_o their_o man_n and_o the_o late_a unhappy_a loss_n of_o the_o shrewsbury_n and_o orange_n both_o cast_v away_o homeward_o bind_v and_o the_o herbert_n unfortunate_o blow_v up_o in_o fight_n with_o six_o french_a man_n of_o war_n in_o india_n these_o be_v the_o reason_n of_o the_o present_a scarcity_n of_o east-india_n commodity_n but_o this_o will_v be_v remedy_v by_o the_o two_o ship_n now_o arrive_v five_o
nation_n in_o such_o manner_n as_o to_o the_o great_a wisdom_n of_o this_o house_n shall_v seem_v most_o expedient_a and_o your_o petitioner_n shall_v ever_o pray_v etc._n etc._n this_o petition_n be_v deliver_v the_o 14_o of_o novemb_n 1692._o be_v the_o same_o day_n the_o aforesaid_a message_n from_o his_o majesty_n be_v send_v they_o wherein_o he_o acquaint_v the_o house_n that_o the_o settlement_n of_o that_o trade_n can_v not_o be_v perfect_v but_o by_o parliament_n and_o recommend_v it_o to_o they_o to_o prepare_v a_o bill_n in_o parliament_n for_o that_o purpose_n according_o they_o prepare_v a_o bill_n for_o the_o erect_v of_o a_o new_a east-india_n company_n but_o the_o perfect_a of_o the_o same_o be_v again_o prevent_v by_o the_o late_a company_n that_o honourable_a house_n make_v a_o second_o address_n to_o his_o majesty_n only_o to_o dissolve_v the_o say_a company_n which_o together_o with_o his_o majesty_n aswer_n be_v as_o follow_v sabbati_fw-la 25_o die_v februarii_fw-la 1692._o resolve_v that_o a_o humble_a address_n be_v present_v to_o his_o majesty_n that_o he_o will_v dissolve_v the_o east-india_n company_n upon_o three_o year_n warn_v to_o the_o say_a company_n according_a to_o the_o power_n reserve_v in_o their_o charter_n resolve_v that_o the_o say_a address_n be_v present_v by_o the_o whole_a house_n veneris_fw-la 30_o die_v martis_n 1692._o mr._n speaker_n report_v to_o the_o house_n that_o he_o do_v yesterday_o present_a to_o his_o majesty_n their_o address_n touch_v the_o east-india_n company_n and_o that_o his_o majesty_n be_v please_v to_o express_v himself_o to_o this_o effect_n viz._n gentleman_n i_o will_v always_o do_v all_o the_o good_a in_o my_o power_n for_o this_o kingdom_n and_o i_o will_v consider_v your_o address_n soon_o after_o the_o rise_n of_o the_o parliament_n it_o be_v general_o report_v regulation_n be_v agree_v on_o to_o establish_v the_o late_a company_n add_v 756000_o l._n to_o their_o stock_n by_o new_a subscription_n without_o any_o security_n which_o sum_n with_o their_o suppose_a 744000_o l._n shall_v make_v a_o stock_n of_o 1500000_o l._n be_v what_o the_o house_n of_o commons_o have_v voted_n a_o fund_z necessary_a to_o carry_v on_o that_o trade_n the_o member_n of_o the_o company_n have_v give_v assurance_n that_o the_o 756000_o l._n will_v be_v ready_o subscribe_v among_o themselves_o on_o those_o term_n if_o other_o shall_v decline_v it_o a_o new_a charter_n be_v thereupon_o order_v to_o be_v prepare_v and_o it_o be_v give_v out_o that_o all_o person_n be_v satisfy_v with_o and_o agree_v to_o these_o regulation_n and_o particular_o that_o they_o be_v approve_v of_o by_o all_o or_o the_o most_o of_o those_o who_o have_v be_v entrust_v to_o procure_v the_o settlement_n of_o this_o trade_n in_o a_o new_a company_n establish_v by_o act_n of_o parliament_n but_o they_o be_v far_o from_o approve_v any_o such_o proceed_n think_v themselves_o concern_v to_o vindicate_v their_o own_o reputation_n lest_o they_o shall_v be_v censure_v as_o consent_v thereunto_o and_o so_o to_o have_v betray_v that_o trust_n which_o be_v repose_v in_o they_o viz._n to_o endeavour_v the_o obtain_v the_o establishment_n of_o a_o new_a company_n for_o that_o trade_n by_o act_n of_o parliament_n with_o a_o new_a and_o sufficient_a joint-stock_n free_a of_o all_o encumbrance_n therefore_o they_o resolve_v to_o petition_v his_o majesty_n in_o which_o all_o those_o who_o first_o engage_v in_o the_o prosecution_n of_o that_o business_n concur_v except_v one_o who_o desire_v to_o be_v excuse_v and_o another_o who_o have_v already_o change_v his_o mind_n act_v in_o behalf_n of_o the_o late_a company_n in_o opposition_n to_o what_o he_o have_v at_o first_o undertake_v the_o petition_n be_v deliver_v the_o 23_o of_o march_n as_o follow_v viz._n to_o the_o king_n be_v most_o excellent_a majesty_n the_o humble_a petition_n of_o divers_a merchant_n and_o other_o of_o the_o city_n of_o london_n show_n that_o the_o petitioner_n with_o many_o other_o after_o their_o humble_a application_n first_o make_v to_o your_o majesty_n do_v prefer_v their_o petition_n to_o the_o commons_o of_o england_n in_o parliament_n assemble_v the_o two_o last_o session_n for_o the_o establish_n a_o new_a east-india_n company_n and_o preserve_v that_o trade_n to_o the_o nation_n whereupon_o two_o address_n to_o your_o majesty_n ensue_v from_o the_o say_a house_n now_o in_o as_o much_o as_o the_o petitioner_n do_v most_o humble_o conceive_v that_o such_o a_o establishment_n by_o a_o new_a free_a and_o national_a subscription_n for_o the_o raise_v a_o sufficient_a and_o real_a fund_z to_o carry_v on_o that_o trade_n will_v be_v of_o great_a advantage_n to_o this_o kingdom_n and_o most_o acceptable_a to_o your_o majesty_n subject_n in_o general_a and_o that_o the_o add_v new_a subscription_n to_o the_o imaginary_a stock_n of_o the_o present_a company_n will_v expose_v such_o of_o your_o majesty_n subject_n as_o shall_v join_v with_o they_o to_o a_o certain_a great_a loss_n and_o damage_n and_o their_o new_a money_n become_v liable_a to_o pay_v the_o debt_n and_o demand_n due_a from_o the_o present_a company_n whereby_o all_o the_o stock_n raise_v by_o such_o new_a subscription_n may_v be_v swallow_v up_o and_o consequent_o the_o entire_a loss_n of_o that_o trade_n endanger_v the_o petitioner_n therefore_o most_o humble_o pray_v that_o your_o majesty_n out_o of_o your_o princely_a care_n for_o the_o good_a of_o your_o people_n will_v be_v gracious_o please_v to_o take_v the_o same_o into_o consideration_n so_o that_o the_o aforesaid_a mischief_n may_v be_v prevent_v and_o all_o your_o majesty_n subject_n make_v partaker_n of_o the_o benefit_n of_o that_o trade_n upon_o equal_a term_n and_o your_o petitioner_n as_o in_o duty_n bind_v shall_v ever_o pray_v etc._n etc._n the_o parliament_n have_v tax_v several_a joint-stock_n the_o last_o session_n and_o among_o other_o the_o joint-stock_n of_o the_o east-india_n company_n and_o rate_v it_o at_o 744000_o l._n and_o the_o member_n of_o the_o east-india_n company_n who_o be_v of_o that_o honourable_a house_n plead_v to_o excuse_v that_o tax_n that_o their_o stock_n will_v be_v worth_a little_a or_o nothing_o if_o they_o pay_v their_o debt_n it_o be_v thereupon_o enact_v as_o follow_v and_o in_o case_n the_o governor_n and_o treasurer_n of_o the_o say_v respective_a company_n shall_v make_v default_n in_o payment_n of_o the_o say_v several_a sum_n or_o any_o of_o they_o respective_o charge_v on_o the_o stock_n of_o the_o say_a company_n at_o the_o day_n and_o time_n aforesaid_a according_a to_o the_o true_a intent_n of_o this_o act_n the_o charter_n of_o such_o company_n respective_o shall_v be_v and_o be_v hereby_o adjudge_v to_o be_v void_a the_o company_n nevertheless_o make_v default_n in_o pay_v the_o first_o quarterly_a payment_n of_o the_o say_a tax_n on_o the_o 25_o of_o march_n be_v the_o day_n limit_v in_o that_o act_n whereby_o their_o charter_n become_v absolute_o void_a which_o put_v a_o stop_n to_o the_o further_o proceed_v of_o their_o intend_a new_a charter_n hereupon_o it_o be_v general_o conclude_v this_o accident_n will_v have_v give_v a_o favourable_a opportunity_n for_o the_o speedy_a settlement_n of_o that_o trade_n on_o such_o a_o foundation_n as_o the_o house_n of_o commons_o have_v desire_v and_o the_o nation_n expect_v which_o have_v before_o be_v so_o long_o obstruct_v by_o the_o late_a company_n see_v they_o be_v now_o dissolve_v by_o their_o own_o act_n and_o thereby_o the_o difficulty_n of_o the_o three_o year_n warn_v be_v whole_o remove_v but_o those_o hope_n be_v soon_o dissipate_v order_n be_v give_v for_o the_o draw_v a_o new_a charter_n to_o restore_v to_o the_o late_a company_n not_o only_o their_o former_a grant_n but_o to_o establish_v new_a regulation_n appoint_v 756000_o l._n to_o be_v add_v by_o new_a subscription_n to_o their_o suppose_a 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they_o