Tuesday, February 28, 1730

Daily Courant

Location: London, Middlesex

Page: 1

Other pages in this edition:

1 2

Who (or what) are you looking for?

Find old articles about anyone, in the World’s Largest Newspaper Archive!

Other Newspapers from London, Middlesex

Loading...

Other Editions from Tuesday, February 28, 1730

Loading...

Text Content of Page 1 of Daily Courant on Tuesday, February 28, 1730

Daily Courant (Newspaper) - February 28, 1730, London, Middlesex � Dailv Qdiltkhti Saturday, February aS, 172.9-30. To the Afitbor of the DAILY COURANT. S IJ^ T Hope you will not refufe a Place in your Paper to the following: Which I infift upon, as a Mark of your Impartiality j believing your Paper not fo impolicically manag'd, as to be ingag'd* in any Difpute, to one Side only. I am Tour conjlant Reader A. B. ^LETTER to Mr. J--P--tt, oc- cafioned by a Letter in the Daily Courant loft Monday. S IK, SU C H an Extraordinary Letter, as I prefume you have Teen in the Daily Courant, muft furprize you and every Well-VViflier co the Interefts of the Eaft-India Company., The Perfon, who pretends to be the Pub-Iiflier, wou'd recommend it, by faying, It was an old Piece; and was calculated, -token firft written, for oppofing the Vnion of the two Companies, which was then TranfaHing ; and the finijhit/g of which, was one of the moft glorious Anions of all Kjtig William'* Civil Government. - Let this old Piece be allow'd, yec the Defign is evident ; as it then mif-carry'd in the Attempt of breaking and dif-folving both the Companies, who were fatally at that time contending to out-do each other by laying the Trade Open; which in other Words, was quite deftroying it: So ic is the fincere defire of all thofe who favour the Interefts of a Trading People, that it may again mifcarry, and meet With the like Reception. This laying the Trade Open, he calls the Way to have it more clofely driven; he wou*d be much afhamed of this Term clofely driven, if he had Latin enough toconftrue the meaning of that Adverb Clam, and its honeft oppofite Faiam, which among fair Traders is of wondrous import.--But to tumour him fo far as to go back with him to the Time, when he wou'd make us believe this Letter was written-There feems to be a previous Queftion here, which oughc to be put, before the Subject of the Letter can be argued upon.--And that is fup- poling, tho' by no means granting, that this Letter might have fome weight in it, and might be offer'd in a Jundture, which might give fome Colour to the Propofal; yet as it was then rejected by the whole Nation (a few Separate Traders excepted) and that ic was then decermin'd, that the Eaft-India Trade ought to be carry'd on in an exclufive Company only, as appears from the Refo-lutions and Ads of both Houfes; how comes it into the Head of this fond Proje&or, that this elaborate Letter of his fhould now be better receiv'd, after the great and glorious Fruits which the Nation has fo long enjoy *d aver fince the Union and Eftablifhmehc of the Companies, and that awful, and according to him, invidious Figure, which they have fince fpread in the World ? Perhaps he has not taken as yet into bis wife Confederation, the feveral Adts* with the Limitations and Reftridions, which hive render'd this Trade fo little liable to Objection and Cavil; unlefs it be fuch as may be fuggefted by his own Epiftolizing Spieen. It might feeoi needlcfs here to enter into the Matter of Right t The Parliament is the unfhaken Bulwark of Property- And the Company iiands evidently here in the ftrong-eft Claim of Property.-The Factories and Settlements, which they enjoy, ares; their FreehoId,~and they cannot legally be taken from tbem, without a Crime committed, and unlefs forfeited to the Law. The Manner of carrying on their Trade is fubje&ed to the Parliament, -and may be limited and reftrain'd, and altered and efta- bliuYd as the Parliament thinks fit,-and they have pafs'd thro' and fubmicted to fuch Limitations upon all Occafions,-- But the Poffexlions, which by Grant or Purchafe from the Legal Poffeflbrs, whether Governours, Kings, or Moguls, tbey have obrain'd in their own Right; rhele I prefume ftand in another Situation, and cannot be taken from them, except as above. Let the learned in the Law determine, whether the Company had not a Power given them by their Charter to Purchafe any Poffeflions, Lands^ Seigniories, &c. or whether they ftood in need of any fuch Grant to empower them to become fuch Purchafers, or rather had a common Right to buy of thofe that wrou'd fell; as the Great Mogul, or the King of Golconda, had undoubtedly a Right to fell to thofe who wou'd, ahd whom, they pleas'd fhou'd buy ?- Let them iike^ife determine by what Law, having thus made a Legal Purchafe, they can be diverted of their Poffeflions fo legally purchafed? I make no doubr, but tbey are oblig'd to acknowledge the Kings of England, whole Subjects they arei to be their Sovereign, even in thole Poffeflions - ac JeafV, I fhall not offer to dilpute that Part here -But there is a manifeft Difference, beeu-een the Right of the King as Sovereign, and the Right of the Subject as a Freeholder; nor do they clafh or interfere at all, one with the other. If this Epiftle Writer has honeftly in bis Poffeflion, a Collection of the Papers pub-lifh'd ac that Time> when the Debate between the Company was at its Height, he muft have feen, among the reft, fome very learned Arguments which were then brought upon this particular Subjedt, and by the Strength of which the Old Company main-tain'd their Claim of Property to the? Factories, wbifcb they held Abroad; which Arguments could not be taken off, and which were the niain Ground of that happy amicable Conclufioh, that by rhe Mediation^ not Authority of the King, was brought to pafs; on the Foot of which they are hdw eall*d The Vnited Company of Merchants, &c. After having thus ftated the previous Queftion, the Scheme Writer, if he pleafes, may fee with half an Eye the Prepofteroufeefs of bis Propofal. But it may be proper to add a few thing* to the Confideratipnj and for the fake of the Thinking Part of Mankind, upon the Subject in general. The Thing propos'd, in fhort, is the Dif-folution of the Eaft-India Company and laying open the Trade, is fomething like the old Levellers Scheme, who were for throwing down all our EnClofureS, and turning the Natioo into one great Foreft, that we alight live the better, 1 (hotild fay, ftarve in Coril-nwn. To carry on the Trade open and Clofo (pray pafs over the Paradox of the Eiprefc fion) deferves no manner of Remark - You know u-bat he means-But has be offer'd, or did they ever offer in thofe Dayi of old, any Security to the Nation that the/ will fupporc the Trade in general; and carry it on at all ? The Government, he fays; ftlould maintain the Forts and Caftles-very good-and how or with what Fund Ihould that Charge be paid ? The Cuftoms of the Trade, he fays, will pay it.-The Cuitoms of what Trade ? A Trade which may be carried on or lec alone, when, and as often, and for as long Intervals, as the Traders pleafe-fofc every Man being at Liberry to trade or not to trade-or to trade to fuch a Degree-fay, ic,ooo I. a Year-or ioo 1. a Year-as be pleafes-He fhall pay towards the Support of thofe Forts or Catties-fomething or nothing -juft as be pleafes. So that, in fine, the Goi vernment iliaII be obliged to fupporc � Charge of perhaps 300,000 I; per Ann upott the moft precarious Foot of Commerce in the World, without any Security for a Reim-burfement-and depending upou the Arbitrary Pieafure of a few mutineering, divided and wrangling Adventurers- Again, what Security does he offer that the" Trade ltfelf fhall be preferved ? For as it is � publick and beneficial Commerce, the whole Nation is incerefted in its Prefervation, and will make bold to ask this CLOSE TRADER who will undertake to guarantee it to Pofie-rity ? I dare fay he intends to qualify bis Project by offering huge Sums to the Government ac alow Incereft: But rhis is a Thought fo fcan-dalous to thofe to whom he offers it, and fo much more io in thofe who dare to offer it^ that 1 will leave you tO refent it with your ufual Warmth and Zeal againft the Enemietf of your Country's Peace ahd Happinefs, haft Night arrived the Mail due from Holland; Seville, Feb. 9. N. S. 'T'HE Preparations are continued here; fc* transporting the 6000 Spaniards into Itai ly, who are to take Poffedion of the Towns of Tuicany and Parma. This Court hasr lately received an Exprefs from Florence^ with fome PropofaJs of rhe Great Ddke npori that Subjtdh Count Koningfek has received an Hxprefs from Vienna; who is faid .to have brought his Recall. On the 3d; the Mini-fters of Great Britain, France and Holland had a Conference with the Marquis de lat Paz, and M. Patinho. Ba^il, Feb. 16. N. S. The Irtipefiai Troops now on their March are daily er-pedted at Roveredo ; after which they wil� proceed thro' the Venetian Pafs of Chiufi td the Mantuan. * .,. Vienna, Feb. zi. N. S. The Turks Havt refumed their Military Preparations. They, have now about 30,000 Men in Bofrria, whd are continually in Motion, to what end it hot known; but we are apprehenfive they; would lie under a great Temptation to in� vade the Emperor's Territories; if the Chri| ftian Princes fhould fall out among theoitf felves : And for this Reafb'ri, Orders are f enc to the Imperial Generals bh that fide, io) be well upon their Guard; and efpecially td keep a good Look-out for Spies. 0-~ are like wife lent to (the Viceroy c|y

1 2