Synopses & Reviews
Synopsis
Excerpt from Woodfall's Report of the Debate in the House of Commons: On Wednesday, Nov; 25, 1801 on Sir William Pulteney's Motion
When the East India Company was first estab lished, in the end of the seventeenth century, the object of the Legislature was two-fold. I. By the sale of the monopoly to raise a sum of money, the grant of exclusive privileges in trade being in those days an expedient for filling the treasury, often resorted to by the Crown. 2. A second con sideration was, that a trade so distant could not be carried on by individuals, but only by a joint stock Company. It was therefore thought that the wants of Government might at once be sup plied, and a benefit conferred on the Commerce of the Company.
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