The Letters of Gracchus on the East India QuestionMiles, William Augustus
History
The Letters of Gracchus on the East India Question
Miles, William Augustus
East India Company; India -- Politics and government -- 1765-1947
While they thus look alternately to each of these interests, and are
engaged in striving to establish a reconciliation between the two, it
will be neither equitable nor liberal for one of the interested parties
to throw out a doubt to the Public, whether they do this "from a
consciousness of strength, and a desire of increasing their own power
and influence, or from a sense of weakness and a wish to strengthen
themselves by the adoption of popular measures[2]." And the author of
the doubt may find himself at length obliged to determine it, by an
awkward confession, that Ministers do not do it "with any view of
augmenting their own patronage and power[3]."
It is thus that the Ministers of the Crown have conducted themselves, in
the embarrassing crisis into which they have fallen. Fully sensible of
the just and honourable pretensions which the East India Company have
established in the course of their long, important, and distinguished
career, they have consented to recommend to Parliament, _to leave the
whole system of Indian Government and Revenue to the Company_, under the
provisions of the Act of 1793; together with _the exclusive trade to
China_, as they have hitherto possessed them; but, at the same time,
considering the present state of the world, and its calamitous effects
upon the commercial interest in general, they are of opinion, that some
participation in the Indian trade, thus reverting, might possibly be
conceded, under due regulations, to British merchants not belonging to
the East India Company; which would not impair the interests either of
the Public or of the Company.
In this moderate opinion, they are fully justified, by the consent of
the Company, to admit the Merchants of the out-ports to a share in the
Indian trade. And thus far, all is amicable. But the out-port Merchants
having represented to Government, that the condition, hitherto annexed
to a Licensed Import Trade,--of bringing back their Indian Cargoes to
the port of London, and of disposing of them solely in the Company's
sales, in Leadenhall Street,--would defeat the object of the concession;
and that the delay, embarrassment, and perplexity, which such an
arrangement would create, would destroy the simple plan of their
venture; and having therefore desired, that they might be empowered to
return with their cargoes to the ports from whence they originally
sailed, and to which all their interests are confined; Government, being
convinced of the justice of the representation, have proposed that the
Import Trade may be yielded to the Out-ports, _under proper
regulations_, as well as the Export Trade. To this demand the Court of
Directors peremptorily refuse their consent; and upon this _only point_
the parties are now at issue. This question alone, retards the final
arrangements for the renewal of their Charter.
Public-domain text, read in full here on John Shaqi.
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