History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
Along with their landed estates, these directors had a copious inflowing
revenue. The Dutch West India Company was in a thriving condition. By
the year 1629 it had more than one hundred full-rigged ships in
commission. Most of them were fitted out for war on the commerce of
other countries or on pirates. Fifteen thousand seamen and soldiers were
on its payroll; in that one year it used more than one hundred thousand
pounds of powder--significant of the grim quality of business done. It
had more than four hundred cannon and thousands of other destructive
weapons.[5] Anything conducive to profit, no matter if indiscriminate
murder, was accepted as legitimate and justifiable functions of trade,
and was imposed alike upon royalty, which shared in the proceeds, and
upon the people at large. The energetic trading class, concentrated in
the one effort of getting money, and having no scruples as to the means
in an age when ideals were low and vulgar, had already begun to make
public opinion in many countries, although this public opinion counted
for little among submissive peoples. It was the king and the governing
class, either or both, whose favor and declarations counted; and so long
as these profited by the devious extortions and villainies of trade the
methods were legitimatized, if not royally sanctified.
AN ARISTOCRACY SOLIDLY GROUNDED.
A more potentially robust aristocracy than that which was forming in New
Netherlands could hardly be imagined. Resting upon gigantic gifts of
land, with feudal accompaniments, it held a monopoly, or nearly one, of
the land's resources. The old aristocracy of Holland grew jealous of the
power and pretensions of what it frowned upon as an upstart trading
clique and tried to curtail the rights and privileges of the patroons.
These latter contended that their absolute lordship was indisputable; to
put it in modern legal terminology that a contract could not be
impaired. They elaborated upon the argument that they had spent a "ton
of gold" (amounting to one hundred thousand guilders or forty thousand
dollars) upon their colonies.[6] They not only carried their point but
their power was confirmed and enlarged.
Now was seen the spectacle of the middle-class men of the Old World, the
traders, more than imitating--far exceeding--the customs and pretensions
of the aristocracy of their own country which they had inveighed
against, and setting themselves up as the original and mighty landed
aristocracy of the new country. The patroons encased themselves in an
environment of pomp and awe. Like so many petty monarchs each had his
distinct flag and insignia; each fortified his domain with fortresses,
armed with cannon and manned by his paid soldiery. The colonists were
but humble dependants; they were his immediate subjects and were forced
to take the oath of fealty and allegiance to him.[7]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account