History of merchant shipping and ancient commerce, Volume 2 (of 4)Lindsay, W. S. (William Schaw)
History
History of merchant shipping and ancient commerce, Volume 2 (of 4)
Lindsay, W. S. (William Schaw)
Commerce -- History; Shipping -- History; Steam navigation -- History
[Sidenote: A.D. 1621.]
[Sidenote: The trade of the English in India.]
In a return presented to Parliament on the 29th of November, 1621,
there will be found an account of the trade carried on by the Company
with the East Indies during the previous twenty years, and of the
difficulties they had then to encounter. Out of eighty-six ships which
they had in that time despatched, eleven were surprised and seized
by the Dutch, nine were lost, five were worn out by long service,
going from port to port in India, and only thirty-six had returned
home with cargoes, the remaining twenty-five being then in India, or
on their way home. Indeed it is surprising that they were able to
maintain any position whatever in India in opposition to the Dutch,
whose settlements at that time prove that they enjoyed a virtual,
and sometimes a real, monopoly of the trade in spices, cloves,
nutmegs, mace, and cinnamon, the products exclusively of their Eastern
possessions, including the Banda Islands, Moluccas, Ceylon, Sumatra,
Tonquin, with part of Bengal and along the coast of Coromandel, besides
stations at Surat and Gombroon, and important factories on the Malabar
coast.[169]
But though the Dutch have the credit of first introducing tea into
general use in Europe, they were unfortunate in their attempts to
establish themselves in China. The expensive embassy they sent to
Pekin proved of no service to them, and although they afterwards took
possession of Formosa, they soon got involved in a war with the Chinese
in which they were so rudely handled by the Governor of Tchi-chieng,
that they were compelled to evacuate it, and all their attempts to
displace the Portuguese, who since 1517 had carried on a trade between
the Chinese ports and Europe, proved unavailing.
[Sidenote: Increase of other branches of English trade.]
Although unsuccessful in the East, as compared to of other the
Dutch, the maritime commerce of England now rapidly increased in
other quarters. The Merchant Adventurers’ Company still carried on
a successful trade, having not yet shaken off the old prejudices in
favour of associations, though Lord Bacon had made it a reproach “that
trading in companies was most agreeable to the English nature, which
wanteth that same general vein of a republic which runneth in the
Dutch, and serveth them instead of a company.”[170] The Turkey Company
now conducted an important and profitable commercial intercourse with
the Levant;[171] London having in a great measure superseded Venice in
that valuable traffic, even supplying that city with articles of Indian
produce. By this time, also, English merchants had become importers of
Indian produce into Constantinople, Alexandria, Aleppo, and many other
Mediterranean ports.
[Sidenote: Ships of the Turkey and Muscovy Company.]
Public-domain text, read in full here on John Shaqi.
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