A Sketch of the History of the East-India Company: From Its First Formation to the Passing of the Regulating Act of 1773; with a Summary View of the Changes which Have Taken Place Since that Period in the Internal Administration of British India

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Страница i - The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention.
Страница viii - As during their whole lives they are engaged in plans and projects, they have frequently more acuteness of understanding than the greater part of country gentlemen. As their thoughts, however, are commonly exercised rather about the interest of their own particular branch of business, than about that of the society...
Страница viii - But the rate of profit does not, like rent and wages, rise with the prosperity, and fall with the declension of the society. On the contrary, it is naturally low in rich, and high in poor countries, and it is always highest in the countries which are going fastest to ruin.
Страница 27 - When a company of merchants undertake, at their own risk and expense, to establish a new trade with some remote and barbarous nation, it may not be unreasonable to incorporate them into a joint stock company, and to grant them, in case of their success, a monopoly of the trade for a certain number of years. It is the easiest and most natural way in which the state can recompense them for hazarding a dangerous and expensive experiment, of which the public is afterwards to reap the benefit.
Страница 255 - The very Nabobs whom we might support would be either covetous of our possessions, or jealous of our power. Ambition, fear, avarice, would be daily watching to destroy us : a victory would be but a temporary relief to us ; for the dethroning of the first Nabob would be followed by...
Страница xxv - This realm is much enriched, of late years, by the trade of merchandise which the English drive in foreign parts ; and, if it be wisely managed, it must of necessity very much increase the wealth thereof: care being taken, that the exportation exceed in value the importation : for then the balance of trade must of necessity be returned in coin or bullion. 19.
Страница xi - In a country which had acquired that full complement of riches which the nature of its soil and climate, and its situation with respect to other countries, allowed it to acquire ; which could, therefore, advance no further, and which was not going backwards, both the wages of labour and the profits of stock would probably be very low.
Страница xxi - Principles, he would warily distinguish between the Profit of the Merchant and the Gain of the Kingdom, which are so far from being always parallels, that frequently they run counter one to the other, although most Men by their Education and Business, having fixed their eye and aim wholly upon the former, do usually confound these two in their Thoughts and Discourses of Trade, or else mistake the former for the latter...
Страница 267 - An honourable alternative, however, lay before me. I had the power within my own breast to fulfil the duty of my station by remaining incorruptible in the midst of numberless temptations artfully thrown in my way, by exposing my character to every attack which malice or resentment are so apt to invent against any man who attempts reformation, and by encountering, of course, the odium of the settlement. I hesitated not a moment which choice to make ; I took upon my shoulders a burden which required...
Страница 128 - English vessels wrecked on the coasts of the empire should be exempt from plunder ; that the annual payment of a stipulated sum to the government of Surat should free the English trade at that port from all duties and exactions ; that those villages contiguous to Madras, formerly granted and afterwards...

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