through two centuries

Within ten days after the arrival of their ship in the Thames from India the master was bound to deliver to the Governor of the Company four copies of his journal and other “worthy observations” of his voyage. When the ship was bound out the master was always to be on board and to assist the master-pilot. When the ship returned home, a Committee of the Company for the Discharge of the Ships was always present on board in order to see the hold opened. This was to prevent theft. The goods were then placed in lighters and one of the Company’s “trusty servants” then went in the latter to watch that no embezzlement occurred. The goods were then taken to Leadenhall, where they were sold. “The custome hath been used heretofore [i.e. prior88 to 1621] in selling the wares of this Company at a Generall Court, and the Remnants of small value in the Warehouses by the light of a candle,” and this custom was continued. Selling by the “light of a candle” was as follows:—The article was put up for auction, a small piece of candle burning the while. So long as that piece of candle was there the bids could go on, but as soon as it burned out the last bid was completed and no more could be made for that commodity Looking at hong kong hotel list and promotion? GuangDong Hotel always provides different specials for our guests. We provides fully furnished rooms with various in-room facilities and amenities. .

Before the crew put to sea, two months’ wages were allowed ahead, and “gratifications” were also paid “unto worthy and well deserving persons.” In these ships there went out also the merchants, factors and supercargoes. Some, as we have already seen, founded factories where they landed and circumstances permitted: but later on there were factors resident in every port, just as each steamship company to-day has its own agents wherever the ships touch clinique vitamin c .

The Deptford yard, which the Company leased from the year 1607 and used for the next twenty years, was of the greatest assistance to the Company. The best merchant ships in the country there came into being, were fitted out, repaired on their return, resheathed and then sent to sea in excellent condition. It was true that the saving in building for themselves was to the Company’s great benefit; but, on the other hand, the yard with all this staff and detail was found in the long run to be so costly that it swallowed up too much of the capital, which could more profitably have been employed in hiring ships. It was seen also that even with the carefulness expended in the construction of the Company’s ships,89 the latter became worn out after four voyages: so at the end of twenty years it was decided to give up this expensive yard and to revert to the original custom of hiring vessels as required. Later on we shall see that this system developed in a curious manner, but for the present we must go back to see the progress which the voyages of these early East Indiamen brought about in the Eastern trade. It took four months to fit out these ships for sailing again to the East, and the refit was very thorough. A large magazine of warlike stores to the value of £30,000 was kept always ready, and this was really a very useful asset in the country, since in the time of necessity the material could be used by the English navy. Even in the year 1626, within a few months of the closing down of the shipyard, the Company were so enterprising as to erect mills and houses for the manufacture of their own gunpowder, obtaining the saltpetre from the East, which of course came home in their own ships. If ever monopoly was allowed to have its own way, surely it never had such good opportunity as was vouchsafed to the East India Company, with its own shipyards, victualling, and its own particular trade with full cargoes each way and a high percentage almost assured. We are accustomed in this twentieth century to bewail the existence of “corners” and trusts: yet these are as nothing compared with the privileges which the East India Company enjoyed and so jealously guarded through generation after generation clinique fresh pressed ,


through two centuries and well into a third. And that meant more than was really apparent. The whole world had not been developed and opened out as it is to-day. Rather this exclusive90 privilege meant the granting of about half the world to a select few, and the democratic spirit of the twentieth century would instantly revolt against any such condition of affairs. It must not be thought that there were not those who protested even in the seventeenth century. Some did certainly protest—in a very forcible manner—by cutting in as interlopers. But it was a short-lived victory and had no lasting effect.