The fact is this; the East India Company had for a good while solicited the ministry for a negotiation, by which they proposed to pay largely for some advantages in their trade, and for the renewal of their charter. This had been the former method of transacting with that body. Government having only leased the monopoly for short terms, the Company has been obliged to resort to it frequently for renewals. These two parties had always negotiated (on the true principle of credit) not as government and subject, but as equal dealers, on the footing of mutual advantage. The public had derived great benefit from such dealing. But at that time new ideas prevailed. The ministry, instead of listening to the proposals of that Company, chose to set up a claim of the crown to their possessions. The original plan seems to have been, to get the House of Commons to compliment the crown with a sort of juridical declaration of a title to the Company's acquisitions in India; which the crown on its part, with the best air in the world, was to bestow upon the public. Then it would come to the turn of the House of Commons again to be liberal and grateful to the crown. The civil list debts were to be paid off; with perhaps a pretty augmentation of income. All this was to be done on the most public-spirited principles, and with a politeness and mutual interchange of good offices, that could not but have charmed. But what was best of all, these civilities were to be without a farthing of charge to either of the kind and obliging parties. The East India Company was to be covered with infamy and disgrace, and at the same time was to pay the whole bill.