Selected quad for the lemma: cause_n
Text snippets containing the quad
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A31150
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The Case of the East India Company
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1694
(1694)
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Wing C1067; ESTC R236599
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4,511
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1
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The CASE of the East-India Company A Petition was delivered to the Honourable House of Commons in October 1691 signed by several Merchants and others praying the Erection of a new East-India Company to preserve that Trade The same Day the East-India Company also gave in a Petition praying to be confirmed A considerable part of that Sessions was spent in consideration of that Trade and a Bill was brought in to establish it but the Delays occasioned by the great Opposition of the Company and other Publick Affairs preventing its Passing the Honourable House of Commons resolved on the following Address Sabbati 6. die Februarii 1691. Resolved That an Humble Address be made to His Majesty to dissolve the present East-India Company according to his Power reserved in their Charter and to Constitute another East-India Company for the better preserving the East-India Trade to this Kingdom in such a manner as His Majesty in His Royal Wisdom shall think fit Resolved That the said Address be presented by the whole House Jovis 11. die Februarii 1691. Mr. Speaker Reported to the House That he did yesterday Present to His Majesty their Humble Address touching the East-India Company and that His Majesty was pleased to Express himself to this Effect That it was a matter of very great Importance to the Trade of this Kingdom and that it could not be expected that he should give a present Answer to it but that he would take time to consider of it and in a short time give them His Positive Answer Hereupon a Committee of Lords appointed by His Majesty to consider thereof agreed on several Regulations which were sent to the Company who refused to comply with most of the material Particulars notwithstanding their Declaration of Submission as appears by the Message His Majesty sent the Honourable House of Commons in the following Sessions Lunae 14. die Novembris 1693. Sir Edward Seymour acquaints the House That he had a Message from His Majesty in Answer to the Address of this House the last Sessions in relation to the East India Company the which he delivered in Writing where the same were read Resolved That this House will upon Wednesday Morning next take the Matter relating to the East-India Company into further Consideration Mercurii 16. die Novembris 1692. Resolved That this House will to Morrow Morning at Ten a Clock take into further Consideration the Matter relating to the East-India Company Jovis 17. die Novembris 1692 Then the House according to the Order of the Day proceeded to take into Consideration the Matter relating to the East-India Company and the Message from His Majesty and the Papers relating thereunto being read Resolved Nemine Contradicente That a Bill be brought in for the Regulating Preserving and Establishing the East-India Trade to this Kingdom Resolved That this House will upon Wednesday Morning next at Ten of the Clock resolve it self into a Committee of the whole House to consider of Heads for the said Bill Orderd That the said Message from His Majesty and the Papers relating thereunto be referred to the said Committee Whereupon the Committee of the whole House proceeded on Heads of Regulations and a Bill was brought in accordingly but meeting the same Delays and Oppositions as the former a Second Address was made to His Majesty only to dissolve them Sabbati 25 die Februarii 1692. Resolved That an Humble Address be presented to His Majesty That he will Dissolve the East-India Company upon Three Years Warning to the said Company according to the Power reserved in their Charter Resolved That the said Address be Presented by the whole House Veneris 30. die Martis 1692. To which His Majesty was pleased to give the following Answer Gentlemen I will do all the Good in My Power for this Kingdom and I will Consider your Address After the Parliaments rising Regulations were agreed on before His Majesties Departure for Holland for a Charter to pass to establish the said Company to which a stop was put by their making Default in paying the first Quarterly Payment of the Tax charged on their joynt Stock whereby their Charters became void by Act of Parliament But Orders were soon given to prepare a Charter to restore them with the same Regulations which were before agreed on Some time was spent in modelling it and at last it was thought most Expeditious that a Charter of Restoration should first pass and after that a Charter of Regulations Caveats being entred at the several Offices the Parties who opposed the Passing the said Charter were heard and offered their Reasons against it An Order of Council was made the 28th September 1692. to prepare a Warrant for a Charter which past under the Great Seal the 7th October last and soon after viz. the 11 th November last a Charter of Regulations appointing Seven hundred forty four thousand Pounds to be added to the Company 's Stock by new Subscriptions The said New Charters Restore and Confirm to the Company their former Charters of 13 th 20 th 25 th and 35 th Car. 2. and 2d Jac. 2 and grants them all their Ports c. and all the Powers c. which were Lawfully used exercised or enjoyed by them in the same manner to all intents and purposes as if the said Powers c. and other the Premisses were particularly granted and the Letters Patents concerning the same at large recited These Charters which are restored grant them among other things the sole Trade to and from the East-Indies Power to Seize Ships and Goods for Trading thither the Ships and Goods to be Forfeited and besides the Transgressors to incurr the King's Indignation and Imprisonment during the King's pleasure and such other Punishments as the King should think fit and not to be released 'till they had given Bond to the Company never more to Trade to to the East-Indies Power to enter into the Ship or House of any one Trading within the limits of their Charters and to Seize his Goods without Account Power to Seize the Persons of any English-men found in the East-Indies and to send them home for England Power to Judge the King's Subjects in India by their Governour and Council in all Causes Civil and Criminal and to execute Judgment upon them Power to Execute Martial Law Power to Muster Souldiers to make Peace or War to recover Satisfaction for Injuries by Force of Arms. Power to License any Persons even Aliens and Infidels to Trade though the King's Subjects are restrained from it It 's pretended That no Powers are Restored by these Charters but such only as have or might be Lawfully used yet the Company have ever accounted all the Powers which were granted them to be Lawful and have accordingly executed them on the Lives Liberties and Estates of their Fellow-Subjects The Power of the Prerogative to restrain Foreign Trade from some and grant it to others was vindicated and asserted for Law by the Companies Council and tho' the deciding it