With
This Proviso, "That, If The Exclusive Privilege Thus Granted Be Found
Unprofitable For The Realm, It May Be Voided On Two Years Notice:
But,
if found beneficial, the privilege was then to be renewed, with such
alterations and modifications as might be
Found expedient" This
exclusive grant, in the nature of a patent, was dated at Westminster on
the 31st December, 1600, being the 43d year of the reign of Queen
Elizabeth, signed by herself, and sealed with her privy seal.
[Footnote 75: So denominated in the copy of the charter in the Pilgrims
of Purchas, vol. I. p. 139 - 147, which we have not deemed it necessary
to insert. - E.]
It is by no means intended to attempt giving in this place any history
of our East India Company, the early Annals of which, from its
establishment in 1600, to the union of the London and English Companies
in 1708, have been lately given to the public, in three quarto volumes,
by John Bruce, Esq. M.P. and F.R.S. Historiographer to the Honourable
East India Company, &c. &c. &c. to which we must refer such of our
readers as are desirous of investigating that vast portion of the
history of our commerce. All that we propose on the present occasion, is
to give a short introduction to the series of voyages contained in this
chapter, all of which have been preserved by Samuel Purchas, in his
curious work, which he quaintly denominated PURCHAS HIS PILGRIMS,
published in five volumes folio at London in 1625.
In the first extension of English commerce, in the sixteenth century,
consequent upon the discoveries of Western Africa, America, and the
maritime route to India, it seems to have been conceived that exclusive
chartered companies were best fitted for its effectual prosecution. "The
spirit of enterprise in distant trade, which had for a century brought
large resources to Spain and Portugal, began to diffuse itself as a new
principle, in the rising commerce of England, during the long and able
administration of Queen Elizabeth. Hence associations were beginning to
be formed, the joint credit of which was to support experiments for
extending the trade of the realm."[76]
[Footnote 76: Ann. of the Honb. East India Co, I. 206.]
In the reign of Edward VI. a company was projected with this view; which
obtained a charter in 1553, from Philip and Mary, under the name of
Merchant Adventurers for the Discovery of Lands, Countries, Isles, &c.
not before known to the English. This company, of which Sebastian Cabot
was governor, in the last year of Queen Mary, had extended its trade
through Russia into Persia, to obtain raw silks, &c. In the course of
their proceedings, the agents of this company met with merchants from
India and China, from whom they acquired a knowledge of the productions
of these countries, and of the profits which might be derived from
extending the trade of England to these distant regions.[77] In 1581,
Queen Elizabeth gave an exclusive charter to the Levant or Turkey
Company, for trading to the dominions of the Grand Signior or Emperor
of Turkey.
Enter page number
PreviousNext
Page 88 of 424
Words from 45471 to 45994
of 221842
