The Life of Robert, Lord Clive, Vol. 3 (of 3): Collected from the Family Papers Communicated by the Earl of PowisMalcolm, John
History
The Life of Robert, Lord Clive, Vol. 3 (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
Mr. Johnstone and his friends had trusted to be relieved from the
prosecutions instituted against them, by exerting their influence to
effect a change of Directors. In April, 1767, however, their efforts
for that purpose again failed: the elections were still favourable
to the old Directors, and Mr. Rous was again chosen Chairman. Lord
Clive was then on his passage home. Mr. Johnstone's party, seeing that
nothing was to be looked for from the Directors, adopted the resolution
of attempting to work on the Proprietors, who were still, in general,
discontented on the subject of the dividends. At the General Court,
therefore, held on the 6th of May following, Mr. Pulteney moved, that
the dividend should be raised to 12-1/2 per cent.; a proposition which
met with very general concurrence. Mr. Pulteney having thus secured
the good-will of the Proprietors, Mr. Franks then moved to dismiss
the prosecutions which had been instituted against Mr. Johnstone and
other persons, for their alleged unwarrantable receipt of money in
Bengal. The Chairman in vain proposed that the opinion of the lawyers
should be read: the Court, displeased with the Directors, and elated
with the measure they had carried against them, with the assistance
of Mr. Johnstone and his friends, refused to hear it. Seeing them
so determined, and so strong, no opposition was attempted by the
Directors, nor even a ballot demanded. The motion of indemnity was
carried without farther examination; a great victory to the accused
members of Council, and a severe blow on the authority of the Court of
Directors and of the Indian governments. It declared indemnity abroad
to all who at home had powerful friends connected with the India House;
an intimation that was not long disregarded.[137]
The Ministry, in the meanwhile, had begun to take a share in the
proceedings of the Company, which for a long time before had not been
usual. The reported advantages of the trade, and the great fortunes
suddenly amassed and brought home, had excited in the country no small
envy, and some desire to share in these advantages; while the repeated
revolutions in India, the circumstances attending them, with the
rapacity and extortions which had distinguished the progress of the
inland trade, had, when known, produced general murmurs throughout the
nation. When the news arrived of the successful negotiations of Lord
Clive, and of the immense territorial advantages said to be acquired
for the Company, the question was raised, to whom belonged these
dominions, the government of which was apparently so little suited
to the system of a trading company; and the financial difficulties
which the Ministers so strongly felt, led them to consider in what way
the nation could be admitted to share in them. This was particularly
observable after the formation of Lord Chatham's administration.[138]
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