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  • Publication Name: Daily Courant
  • Location: London, Middlesex
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View Sample Pages : Daily Courant, March 16, 1730

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Daily Courant (Newspaper) - March 16, 1730, London, Middlesex The Daily Courant. K�. 8871. Mondayi March 16, 1729-30. Te the Author of ^cAILY COURANT. Sli\, IT muft be a fenfible Pleafure to every Subject of Great Britain (either not a Director or Proprietor of the Eafl India Stock) to find there are Perfons thac have Courage, Virtue and Hotiefty toaffert the Birth-rights of their Countrymen on the Occa-fibn of the E'ajl-India Company's Propofal for an abfolute Term in the Trade to India for Thirty fix Years longer. If fucb a Term in this Trade be granted the Company, and the French and Dutch fluli either Jay open or enlarge this Trade, which they have begun doing already by fending Ships laft Year to China, and the Subjects of the Emperor, Sweden, Denmark and other European Princes, (hall enter largely upon Trading to India, it may be juftly apprehended that this Trade will foon be loft to the Nation, or fa order'd, that we fhall only Trade thither for Commodities to be conlum'd among ourfelves, which is pretty much the Cafe at prefent. � For if the Trade carried on from Oftend to India had fuch an Effect on the Affairs of the Eaji India Company, as to oblige them so reduce their Dividend, as Profit by Trade, from 5 to 3 per Cent, and to leave off fending for feme Tears an equal Number of Ships to India to what they had before fent ; becaufe of the Loffes they had fuftain'd, and the Company found they were likely to fuftain in Trading thither; whilft the People from. Oftend exercis'd this Commerce, what may not be expected, when not only the Subjects % of the Emperor (who fent two Ships laft Year to India) (hall engage again, warmly in this Trade j but alfo other Nations exercite Com -  merce to India, and the French and Dutch Trade to other Parts of India, to which they have not hitherto, efpecially the latter directly from Holland! lam not uninform'd, that the Advocates for the Company are ready to affert, That no other People are able to Trade to India in Com-' petition with the Company, and are weak enough to declare, becaufe the Company exclude all other the Subjc'ds of Great Britain from Trading to India, they have Power and Credit fufficienttoexclude all other Nations by means *of the Negotiations of our Minifters in, and Influence over, foreign Courts by Great Britain's holding theBallance and being theArbi-ters of all Europe, but that the People of other Countries are able to out-trade the Englifo Eaft'Ir.dia Company may be concluded, by the People of Oftend having done it, and that our Negotiations are not to be trufted to, may be alfo concluded, " from the Emperor ha-". ving fufpended the Trade from Oftend for ** Seven Years only, Three of which are al-*' ready expired ; and from Coutit Horn's " having inform'd Monfieur Rumpff, the " Dutch Minifter, that his Matter the King " of Sweden, was refolv'd to make ufe of the " Right which all Powers enjoy, of encou-" raginc the Trade of their Subjects; and " the King of Denmark having declared, %t once for all, he will hear of no more Re-*' monftrances from any Power in Europe, �' againft his Subjects trading to India, for *' that his Majefty was determined his Sub-" jects fhall carry on the Trade to India, ac-** cording to the Law of Nations.'' Therefore that thefe and other Powers will certainly enter into this Trade may be judged by its being fo much their Intereft to do it, which it is probable they have beer; taught to think fp more than otherwife they would have done, by our negotiating for fome Years paft, at almoft all the Courts of Europe npon this Head ; by which we have given them jaft Reafon to believejthat we have been.asking fotrtething of them that muft ne-ceffarily be of great Advantage to themlelves if exercifed by their Subjects; whereas had we been as wife and prudent as we ought, or really known our true Intereft, we fhould never have made fuch Applications to any of the Powers in Europe, unlefs they had bound themfelves lolemnly by Treaty not to Trade to India ; but have fet immediately about encouraging our own People to enter vigoroufly into this Trade and out-traded them, which we might certainly have done, and at all times fhall eafiiy do, provided this Trade had not been, or is not confin'd only to be carried on by a Company with a joint Stock. If the Company fhall obtain an abfolute Term of 36 Years longer in this Trade, it will not be in the Power of the Nation to relieve itfelf until the End of fuch Term, from any the Inconveniencies which may attend the Exclufion of all others, the Subjects of Great Britain trading :to India, unlefs the Perfons that fhall compofe this Company be fo publick-fpirited as to confent rhat this Trade fhall be laid open immediately after any new Sett of Foreigners exercifing Trade to India, or the Fiench, Dutch, the Subjects f the Emperor or Denmai\, entring more W into this Traffick. on their Trace, w^.------.�-.�, this, one woultrimSginerfhould induce Gentlemen maturely to. confider this important Queftion ; but, moreover, when it is furthei to be confidered, that by giving away this Trade for fo long a Term, and in fo abfoluref a manner, is probably giving it away from the Nation, by encouraging the People of almoft all European Nations to engage in it^ which the Deawefs of Eaji India Commodities, as well in this Kingdom as other Coun* tries will neceffarily do, and that it is parting with it for the poor inconfiderable Sam of 392,000 /. when it is certain at the Expiration of the Company's prefent Term the Publick may have Three Millions, of more, for the fole Benefit of this Trade 5 and when Three Millions of Money is Co much wanted towards eafing the Nation of the great Debt ic now labours under: ADebe upwards of 51,300,000/. provided for.by. Parliament; and for which an Annual Inte-reft is paid of upwards of 2,200,000 /. befides a Debt due on the Head of the Navy the 31ft of December Jaft, and yet unprovided for, amounting to upwards of 1,400,000/.' and thegreateft Part of this Debt running at an Intereft of 5 /. per Cent, per Annumt { am, ni(, � Tour humble Servant, March i r, 17I9. T. B> Tefterday arrived the Mails due from France]! Flanders, and Holland. Paris, March 22. N. Ss ALead-Mine has newly been discovered in the Province of Bretagne, and another in the Bourbonnois, feveral Tryals ot , which have been made, with very good Sue-; cefs. Wherefore the King"4�as granted-his Letters-Patents to a Company, which haa M. de l'Epine of AJicanc at their Head; and he has undertaken to be at the Expence of; making it anfwer ; and if it fhould, as wd' hope it will, it is computed, that we fh�Il, keep about two Millions of Livres a Year ac Home, which are now fent abroad, to pur^ chafe that Commodity. An Eafy Coach is making to carry the Queen to and from Fontainbleau ; the Phyfi-cians having given their Opinion, that her Majefty may fafely go thither, in which fhe will fpend three Days. The firft Night het A'a jetty will lie at Sceanx ; the fecond atPe^ titbotirg y and the thira at Fontainbleau. Actions are about 980 Livres. The King has appointed M. Orry ie Vig* nory, (Inrendant of Flanders) Comptroller-General of the Finances, in the room of MJ Peleticr des Forts, who has reGgn'd. Vienna, March 8. N. S. It is believed the Count de Coraldo ftands fair to be fent to, Rome in the Quality of Ambaffador of his Imperial Majefty, to aflift at the Election oi a new Pope, and Cardinal Schrotenbacfc is obliged to prepare for that Journey, as well as our Archbifhop, tho5 the former defired to be excufed upon Account of his great Age and Infirmities : But this Court had revet more Reafon to concern itfelf in the Election of a Pope, than now, when it appears that the Kings of France and Spain will endeavour to fet a Creature of their own upoii the Throne. The Count de Kufftein is going to feveral Courts of Germany. They, write from Seville, that the Court of Spain defign'd to go to Barcelona, to Tee the Infanta Don Carlos embarque for Italy. Hamburgh, March 17. N. S. Letters front Berlin advife, that a few Days ago the King of Pruflla held a Great Council, at which the Minifiers of Great Britain and France aflifted ; and that the former immediate!; difpatch'd a Courier to London, and the i ter another to Paris. ,It. is added, that t were told, his Pruffian Majefty had refe ;