A Caution to the Directors of the East-India Company: With Regard to Their Making the Midsummer Dividend of Five Per Cent. Without Due Attention to a Late Act of Parliament, and a By-law of Their OwnAnonymous
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A Caution to the Directors of the East-India Company: With Regard to Their Making the Midsummer Dividend of Five Per Cent. Without Due Attention to a Late Act of Parliament, and a By-law of Their Own
Anonymous
East India Company -- Early works to 1800
We must suppose the legislature will be as jealous of their resolutions,
as the East-India company are of theirs. You cannot have forgot the
proceedings of a late general court, upon the subject of dismissing the
prosecutions brought against some of your servants abroad.--This
business was brought on at that court, on account of the clamours raised
without doors, and at the recommendation of a worthy member, to whom you
owe the two acts of parliament, that you then so much desired to be
made, and now so much wish to break through. It was proposed at that
court, that the question for dismissing these prosecutions should be put
to a ballot, to convince all the world, that the resolution of the 6th
of May, for this dismission, which was confirmed on the 8th, was not a
partial one, but agreeable to the sense of all the proprietors taken at
large. I believe there was not a proprietor in the court who did not
wish that such a ballot could be taken; but when it came to be
considered, that the question then proposed to be submitted to a third
decision, had been unanimously voted on the 6th of May, and as
unanimously confirmed on the 8th, the great importance of giving weight,
and stability, to their resolutions, determined the wisdom of that
court, to put the propriety of such a measure to the test of a previous
question, which was proposed, put, and carried, by a great and
respectable majority, against a third consideration.
You will after this, Gentlemen, assume with an ill grace, that the
parliament are not to support these resolutions; however you may wish to
have them reconsidered, or repealed. They certainly will support their
resolutions, and I need not remind you that the breach of an act of
parliament will be a forfeiture of your charter.--And though a gentle
administration might treat your dividing upon such a notion of a mistake
with great lenity, what are you not to expect, if the minister should
say, you have made the dividend we meant to restrain; we restrained it,
because you convinced us it would be improper and improvident; you have
since changed your mind, and you would alter the law? Here even the
lenity of the present ministry cannot avail you; your charter would be
forfeited, and the world would not pity, but laugh at your presumption.
But to suppose still, that the legislature are mistaken, may we not
suppose too a change in the present administration, and that a future
minister may embrace this, as a fair opportunity, to seize upon the
charter, or at least to squeeze the company, and make them purchase a
forgiveness at a very high price? If we plead that we injured nobody, it
may be said, we have insulted the dignity of parliament, and a minister,
who may be no friend to the company, will have a very plausible pretence
to make you part with your millions for the public good.
Public-domain text, read in full here on John Shaqi.
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