Considerations humbly tendred, concerning the East-India company. Langhorne, William, Sir, 1629-1715. 1688 Approx. 5 KB of XML-encoded text transcribed from 1 1-bit group-IV TIFF page image. Text Creation Partnership, Ann Arbor, MI ; Oxford (UK) : 2009-10 (EEBO-TCP Phase 1). A49560 Wing L402B ESTC R221111 99832479 99832479 36952 This keyboarded and encoded edition of the work described above is co-owned by the institutions providing financial support to the Early English Books Online Text Creation Partnership. This Phase I text is available for reuse, according to the terms of Creative Commons 0 1.0 Universal . The text can be copied, modified, distributed and performed, even for commercial purposes, all without asking permission. Early English books online. (EEBO-TCP ; phase 1, no. 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Keying and markup guidelines are available at the Text Creation Partnership web site . eng East India Company -- Early works to 1800. Great Britain -- Commerce -- East Indies -- Early works to 1800. 2007-12 TCP Assigned for keying and markup 2008-01 SPi Global Keyed and coded from ProQuest page images 2008-02 Emma (Leeson) Huber Sampled and proofread 2008-08 SPi Global Rekeyed and resubmitted 2008-10 John Pas Sampled and proofread 2008-10 John Pas Text and markup reviewed and edited 2009-02 pfs Batch review (QC) and XML conversion Considerations Humbly Tendred , Concerning the East-India Company . IF the Present Charter and Company be dissolved , a way is paved for our Neighbours to render themselves Masters of all that Trade , and this irrecoverably , which will draw with it the Mastery of the Sea , and all our Safety : For though we may think to Fight for it , while we have Mariners enough ; yet it is nothing but Trade which can breed up and retain those Mariners . If this Company only be pull'd down and another set up , ( which must be with equal or larger powers ) the stop and nonplus the new Company will be plunged in for some years , will give such opportunities to our Neighbours to possess themselves of all that is worth their grasping , that the Error will be seen when it is too late . If this be done , or ( as the Phrase now in Vogue ) the Doors set open for new Subscriptions , what reasonable Compensation can be made for the dead Stock , the Forts , Factories , Arms , Ammunition , Phirmaunds and Priviledges , acquired , improved , recovered , and maintained by a vast Expence ? and with what Equity can this be done without it ? whereas the daily practice of buying Stock at the Price Currant , is so easie to any who have a mind to come in fairly , so many dying , or selling off to lay out in Lands . If finding the ruinous tendencies of these Courses , the Nation be content with reducing the greater Stocks to smaller Scantlings , it were as good to turn out Ability , Honesty and Application from the management of the Stock , those being the surest pledges which can be given for these , and then what reason that the present Owners of the greater Stocks , the most whereof have reaped yet no benefit thereby , should be obliged to sell off to loss ? the least harm that can be done in this case , being not to look back , but only to set limits for the future . But still the Conduct of our thriving Neighbours will be worth observing , who have never offered at such Restraints , nor ever unsettled their once Establish'd Company , and who as earnest Asserters as they have shewed themselves of Liberty in every Circumstance ; instead of countenancing the insolent Intrusions of Interlopers , have from time to time enlarged their Charter and strengthned it with all the Authority which they could desire . And this is it which hath enabled them to lay such deep and solid Foundations in those remote parts , not only for Traffick but for Empire , and which wait only for the once more disturbing of the English Company , wherein the extravagancy of our Interlopers , and others abusing the good meaning of many worthy Patriots in the High Court of Parliament with their specious but shallow Insinuations and Slanders , does them as much service as if they had hired them to it . If it be answered , that although the East-India Trade were lost some Ships and Seamen might abate but enough remain ; let such consider our Trials with the Dutch , and the Naval Preparations of France ; whose Projects in both Indies , should they succeed , would set them up to undertake us both . To these Considerations , take in the want of Saltpetre , and the vast Expence of Gun-powder in the Modern Wars , at Sea especially , which irreparably ensues upon our loss of the East-India Trade . And then is it fit the Company should be cried down as a Grievance , when it clearly appears the Interlopers are the Aggressors , insolently contemning so many Warnings , by repeated Proclamations in Vindication of a Charter deriving from the Blessed Queen Elizabeth , whose Memory was never taxed with Invasion on our Laws and Properties , and confirmed and reinforced by all succeeding Kings for almost 100 years , Whereas had this been found to be a Grievance , is it not strange , that so many succeeding Parliaments to which the Subjects might so freely have applyed for Redress , should never have taken it to Task ? But that notwithstanding the mischeivous Consequences of former Interlopers , a few angry ones at present ( who might as freely have come into the Stock by purchase as any others , nay all who are now concerned in it ) should thus irreverently assume the Courage to bid Defiance to Government , and take upon them to carve for themselves . William Langhorne .