The Proper Limits of the Government's Interference with the Affairs of the East-India Company: Attempted to be Assigned with some few Reflections Extorted by, and on, the Distracted State of the TimesStair, John Dalrymple, Earl of
History
The Proper Limits of the Government's Interference with the Affairs of the East-India Company: Attempted to be Assigned with some few Reflections Extorted by, and on, the Distracted State of the Times
Stair, John Dalrymple, Earl of
East India Company -- Finance; Great Britain -- Politics and government -- 1760-1789
It was under the direction of their own proprietary, uncontrouled by
parliament, that the Company rose to an unexampled height of wealth and
prosperity: since the interference of parliament, their affairs have
declined. Possibly now the patronage is so valuable and extensive, their
constitution may be defective, by the too immediate dependence of the
directors on the proprietors, who, by their brigues and cabals, overawe,
and often make abortive the best intentions of the directors. But
matters of charter and property are of so difficult and delicate a
nature, that it is hard to say, whether any attempt to remedy this might
not do more harm than good.
It is related, that Monsieur Colbert, Lewis the Fourteenth's very able
minister of commerce and finance, and to whose memory France stands much
indebted, called an assembly of the most eminent men in the French
king's dominions in the commercial line, to whom he proposed the
consideration, if any, and what advantages might accrue to commerce by
the interference of Government. The unanimous answer of the assembly
was, _Laisser le faire_, let it alone.
A new doctrine has been likewise attempted to be established in favour
of the late India Bill, viz. That measures are not to be so fully and
fairly canvassed as they ought, but are to rely and be supported by the
responsibility of the proposer of them. The presumption and absurdity of
such a proposition is too great to require an answer. The responsibility
of the proposer often would not procure him ten pounds; and as to any
thing sanguinary, God knows! the hazard is very, very trifling. Indeed,
the persons who avowedly, first by denial of justice to America, plunged
us into a war, and afterwards, by obstinately persevering in it, when
experience had evinced the success was impracticable, and who by so
doing have irretrievably (I fear) undone their country, enjoy in pomp
and serenity, even to ostentation, the honours and lucrative employments
heaped upon them. If justice is demanded for glory, for wealth, for
dominion lost, they pay you with an ideal jest: if you want more, a
ready vote of acquittal is at hand from a packt majority, united on the
most sordid principles, to promote each other's advantage, in open and
abandoned violation, on one part of the coalition, of the faith a
thousand times pledged to bring delinquents to justice, who now are not
only protected, but represented, with a falsehood and inconsistency that
degrades human nature, as great, wise, and virtuous ministers, by those
very men who not very many months stigmatized them as the base undoers
of their country.
His Majesty has, however, been pleased to nominate a new ministry: they
are young and untried: I wish them well; and my poor support shall be
theirs, if they deserve it. I hope their real essential bond of union is
at least less dangerous than that of their predecessors, viz. through
violation of charters to obtain the plunder of India for themselves and
adherents.
Public-domain text, read in full here on John Shaqi.
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