The Life of Robert, Lord Clive, Vol. 2 (of 3): Collected from the Family Papers Communicated by the Earl of PowisMalcolm, John
History
The Life of Robert, Lord Clive, Vol. 2 (of 3): Collected from the Family Papers Communicated by the Earl of Powis
Malcolm, John
Clive, Robert Clive, Baron, 1725-1774; India -- History -- British occupation, 1765-1947
Clive, from what has been stated, may be said, when he returned to India
in 1755, to have been worth little or no money beyond what he had vested
for redeeming the small family estate, and giving his parents an
annuity. When he took possession of the government of Fort Saint David,
he embarked in trade, like others who filled similar stations; but, to
judge from his correspondence, he had not much success in his commercial
pursuits. We read of nothing but bad markets, or the want of means of
those who owed him money. He appears, before he embarked on the
expedition to Bengal, to have made a large speculation in benjamin,
which turned out badly. It is entertaining, when associated with the
scenes in which he became engaged, to pursue his remarks upon his
unprofitable adventure in this and other articles of trade.
After desiring his friend and agent, Mr. Orme, not to demand payment of
the money owing to him by Messrs. Pybus and Roberts, and that the
interest of the debt should be only 4 per cent., he observes[148], "You
have given me a most curious account of my adventure in the Grampus. If
I had not made better strokes in war than in trade, my money concerns
would by this time be drawing to a conclusion."
The whole of Clive's money, when he returned to India in 1755, appears
to have been in that country; for we find, from his correspondence, that
he had hardly sufficient uninvested cash in England to pay for his
annual supplies. He became anxious, however, after he attained great
wealth, to remit it home; but this, owing to various causes, was very
difficult. The public treasury was so rich from the successes in Bengal,
that, for a period, no bills were drawn upon the Directors; Clive,
therefore, had recourse to the Dutch Company, through whom he sent the
greater part of his fortune; he also transmitted a considerable sum in
diamonds[149] (a common mode at that time), and the rest in private
bills; and, latterly, two on the Company.[150]
I have carefully examined his letters to his agents, from the 21st of
August, 1755, when he advised them of his first remittance, till
January, 1759, when he made one of his last; and the amount of property
sent to England during that period is, as nearly as the difference of
exchange and the loss[151] on bills enable us to judge, 280,000_l._ Of
this I calculate that he received 210,000_l._ on the enthronement of
Meer Jaffier; and the remaining 70,000_l._ is made up by part of his
former fortune, his prize-money at Gheriah and Chandernagore, the
receipts from the high stations[152] he held, and the accumulation of
interest upon a considerable part of his property during the last five
years of his residence in India.
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account