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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A82359 Answer to all the material objections against the present East-India-Company East India Company. 1689 (1689) Wing E100aA; ESTC R224455 5,873 6

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Answer to all the material Objections against the Present East-India-Company THE common Causes assigned for framing a New East-India Company by Act of Parliament or making a change of the Present East-India Company are such as these following viz. I. Objection Because the present Company have procured illegal powers from the late and former Kings of England and have executed those powers severely to the destruction of Interloping the great dammage of many honest Men that were Interlopers and have caused five men to be executed by an illegal Commission of Martial Law in the Island St. Helena II. Object Because the present Company is grown up unto a kind of Monopoly by some few Men and one especially having purchased such an exorbitant share thereof III. Object That the present Company have not Stock enough to carry on the Trade and that a greater Stock ought and may be employed in that Trade and more and greater numbers of Men participate thereof IV. Object That one Man has aspired to such a power and influence upon the present East-India Committees Councils that nothing can be done without his approbation nor any person be brought into the Committee by Election of the Adventurers without his consent by Reason of the great influence he has upon the Voices or Suffrage of the Electors and the great number of his own and his Relations Votes To the first Objection The Company Answer 1. They have neither procured nor executed any Powers or Authority in India but what is absolutely necessary for the preservation of the English Dominion and Trade there nor other than such or less powers than the Dutch and every European Nation in India do enjoy and exercise to an infinite greater degree of severity than ever the English Company did and that if ever there be a new Company establisht by Act of Parliament all those Authorities which the Company have by any Charter must be allowed to the New Company or else the English Dominion in India will be inevitably and suddenly lost and the loss of the Trade follow that as certainly as the shadow does the body 2. The Company say it becomes not them to dispute so high a point of the Prerogative or the Authority of the Kings of England in granting Charters or making Laws in Forreign Plantations extra England Wales and Berwick But this they know very many thousands of men have dyed upon several occasions by the Sword and common Executioners in the several Foreign Plantations But they never heard of any Law in any Foreign Plantation extra England Wales and Berwick aforesaid nor any Rebellion supprest but by Charter Law or such Laws as were made by men Authoriz'd thereunto by the Kings Charter and not by the Common or Statute Law of England 3. The severity charged upon the Company is a notorious falsity the Company being rather chargeable with hazarding the loss of India by too much lenity having procured from his late Majesty K. Charles an Indemnity to all the Inhabitants of Bombay and the Inhabitants of St. Helena after three several Rebellions Which excess of Lenity in all probability occasioned the 4th and last most dangerous Rebellion at St. Helena at the same time that Bombay was in Rebellion which if it had succeeded at St. Helena as it was very likely to do had any less wise or worse Souldier been Governour than Sir John Blackmore it had in all probability carryed with it by contagion the loss of all the English Dominion in India and the sale of those Places by the Rebels to the best Foreign Chapman 4. It is well known where the English have executed one man in India these last 20 years the wiser Dutch Company have executed many hundreds There being hardly a considerable Factory of theirs in India where there is not standing one or too common Gibbets for the Executing of Malefactors besides several Islands unto which they banish for Life and to hard labour many refractory insolent mutinous people of their own Nation as well as others which they find to be of absolute necessity to support their Empire upon which their Trade depends well knowing that generally speaking men that Travel so far from home are not of the mildest tempers nor of the most regular lives nor indeed governable at all without severe Laws and speedy Execution To the second Objection viz. Because the present Company is grown up unto a kind of Monopoly by some few men and one especially having purchased such an exorbitant share thereof 1. The Company say First that the foundation of this Company is as large as the foundation of the Dutch Company that is as large as the bounds of the whole Earth They that is the English and Dutch Company respectively refuse admittance to no Christians of any Nation to buy Stock neither to Turks Jews nor Infidels the more the better All that buy Stock of what ever Nation they are are therein subservient to the publick good of that Nation to which such East-India stock belongs 2. It is well known and will not be denyed That the Jews have at all times the greatest share of actions in the Dutch East-India Company and that one Jew Swasso by name has had at one time more stock in that Company than ever any English man had or hath in this 3. If any English man had the courage to buy and increase his stock to a greater proportion than ordinary in the times when wiser men ran from the house fearing it would immediately fall on their heads by the practice of Interlopers That man certainly deserves rather the commendation that the wise Romans gave to Terentius Varro at his return to the City after the loss of the Battle of Cannae Quod non desperasset de Republica than to be blamed for his standing up at such a dangerous time to preserve the Interest of his Countrey which was just falling into the hands of Foreigners if great application had not been used to prevent it 4. To assist vigorously to defend and improve the English Dominion and Trade in India requires great and constant thoughtfulness and an extraordinary measure of experience and the person that does that to purpose must have some not inconsiderable reputation in the World And it is not to be imagined that any such person will be at the requisite pains in such an affair except he has a great share therein or be a man that will carve for himself to the prejudice of the publick And if he be so he shall not hold it long For the adventurers are wiser than to trust such an one much or often It is well known that neither the Dutch or English East-India Company were ever without some one man that did principally carry on and force themselves to understand the general Affairs of the Company That man in the English East-India Company was formerly the late worthy Sir William Thompson deceased and before him Mr. Cockain who was Governour for 15 years together