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A65736 An account of the trade to the East Indies together with the state of the present company, and the best method for establishing and managing that trade to the honor and advantage of the nation / written by Mr. George White, of London, merchant ... White, George. 1691 (1691) Wing W1768; ESTC R39756 18,216 16

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must readily accord to this Proposal and not only acknowledge That 't is indispensibly requisite it be done with all possible Expedition But That 't is likewise the utmost Justice can allow to be done in their Favor while at the same time I am not ignorant that there are some Conspirators as hard at Work as ever Guy Faux was in the Cellars under the Senate-House in contriving to get this Company confirm'd at the next Session of Parliament without any Inspection into their Bottom or Reformation of their notorious Abuses and they depend upon supplying their want of Stock by Mony to be taken up at Interest which they promise themselves will flow in to them on the Credit of such an Establishment These are a sort of Men who Act as if 't were a principal Article of their Creed that their main Business in this World is to aggrandize their Families though they raise their Fortunes by the Ruin of their Country and they go on with a strange assurance of Success to their evil Design for they have cut out a Bill in readiness and presume they shall make an Interest for its passing without opposition whereby one or two aspiring Men hope to be invested with a more Despotick Power over our Lives and Estates than their Majesties assume or exercise on the Throne And thus after all the Boasts we have made to the World of the great Liberties we enjoy they would make us the most abject Slaves in Nature For those Imposings may in some respect be tolerable from the hand of a Sovereign which wou'd be worse than Death from a Fellow-Subject especially from such who have not the least Pretence to any Superiority more than they fancy they have acquir'd by amassing a great deal of Wealth in a little time whereas this their imaginary Gain and Glory is their real Loss and Shame and so esteem'd by all good Men who have a true sence of Things and rightly consider how their Accounts must be audited in another World Wherefore I cou'd heartily wish these Gentlemen wou'd recollect and ingage their Minds and Monies on some more laudable Enterprize Not that I fear that all their Artifice and Influence can accomplish their Ends my ardent Desire of seeing this mighty Trade revive and flourish inspires me with better hopes and assures me They shall not obtain For indeed there only wants a publick Representation of things in their proper Colours to take off that deceptio Visus wherewith they have disguis'd the Face of Truth and all their Endeavors will soon appear as vain and fruitless in their own Eyes as they are ignoble and ungenerous in the Opinion of others I have heard of some of their little Arguments or rather Evasions whereby they wou'd fain persuade them that are Strangers to these Affairs That 't will be very incommodious if not impracticable to make any Alteration in the present Company As That 't will be a Work of Time to adjust all matters 'twixt the old and new Adventurers and so may occasion an Interruption in the Trade which will be a great Prejudice to the Nation That they have not for some Years past receiv'd Accounts from their Factors and are thereby unacquainted with the true State of their Affairs and Value of their Effects in India That 't will be a very difficult thing how to compute an equitable Consideration for their dead Stock abroad in Castles Forts Colonies Cities Towns Factories c. Now besides the Invalidity of these empty Pretences I cannot but take notice That our Cunning Men are sometimes so unlucky to outwit themselves by their own Sophisms for certainly 't is not well consider'd to give a Hint of the Damage 't would be to the Publick to have the Trade interrupted for a little time Because it may give occasion to the Government to make stricter Inquiry into the Reason of the late Interruption for four or five Years together and to exact satisfaction for the great Loss sustain'd thereby which as I before intimated cannot be computed at less than a Million to the Crown and the Company Nor will it pass for better than a Blunder in the School of Politicks To bring upon the Stage an Accusation against their Servants in alledging they are so long behind in their Accounts Because such unpardonable Failures abroad will arraign the Understanding or Integrity of Some body at home who has had the choice of all their Servants for several Years past and make it manifest that there has been Care taken to provide Persons just so fit to assist in their Mercantile Affairs as Coachmen wou'd be to command their Ships But moreover this Thing is not more improper to be offer'd than 't is in part if not altogether false for to my certain knowledg there were General Books of Accounts brought from Fort St. George by the Chandois in the beginning of February last tho I cannot say they are now where they ought to be in the Companies House in Leaden-Hall-street for I have been told that a certain Man who is at present no more than one of the Committee did lately take away several of their Books and Papers to his own House about six Miles from London which if true is in my Opinion a sort of Felony that ought not to have the Benefit of Clergy As to their dead Stock what I have already said concerning it will vouch for me That 't is as far from my Will as my Power to deny them full Satisfaction for every particular But I must here say 'T is very idle I had a'most said ridiculous in those that pretend 't will be such an insuperable Difficulty to make a reasonable Valuation of it For 't is but doing over again what has been done several times before and the very same thing that this Company did to the preceeding Wherefore however they express themselves about this Concern their Meaning is plain and the Use they hope to make of it is this That if it do's them no further Service 't will help to prepossess People with an Opinion that it must needs be for some mighty Things that they make so great a Noise and so it may prepare the way to make a Noble of Nine-pence by a more current over-valuing those matters when they come to an Adjustment of them Thus do our sage Seniors who have made their Will a Law to the other Adventurers and us'd the Committee as the French King do's his Parliament at Paris contrive to impose on the whole Nation at once But their Wits that have serv'd them so well in other Attempts will fail them in this For as I hope there is no Man wishes them the least wrong so I know there are several now in England who can and I 'm sure will do a general Right by an Impartial Account and Estimate of all those Particulars They are pleas'd to make use of a great many several Names but all the various Sounds signifie one Thing when