Hostname: page-component-cd9895bd7-dk4vv Total loading time: 0 Render date: 2024-12-23T07:06:24.875Z Has data issue: false hasContentIssue false

The East India Trade, The Politicians, and the Constitution: 1689-1702

Published online by Cambridge University Press:  15 January 2014

Henry Horwitz*
Affiliation:
University of Iowa

Extract

The war against France was the most potent force for change in English government and politics in William III's reign, but during those same years the contest for control of the lucrative East India trade also set off strong reverberations at Whitehall, in parliament, and even in the constituencies. Ever since its reorganization in the 1650s, the East India Company had been subjected to intermittent attack from a motley array of foes: some questioned the desirability of the bullion-greedy trade to the Far East, others disputed the Company's exclusive commercial privileges held under the royal charters of 1661 and 1683 and argued for a regulated company, and from the early 1680s onwards a number of once prominent Company members (most notably, Thomas Papillon) challenged the directorate of Sir Josiah Child. In turn, the Glorious Revolution ushered in the decisive phases of the dispute between the Company and its enemies — a controversy finally brought to a peaceful conclusion only in the closing months of William's reign.

By 1689, the struggle for control of the East India trade had already developed a “constitutional” dimension and taken on a political tinge. On the one hand, there was the question, first raised by the critics of the early Stuarts, whether any group could be endowed with a commercial monopoly by virtue of royal charter alone. On the other hand, there was the issue of the Child clique's close identification with the Stuart Court during the 1680s — a “Tory” posture Sir Josiah and his associates had adopted in order to ward off challenges to their own predominance and to the Company's privileges.

Type
Research Article
Copyright
Copyright © North American Conference of British Studies 1978

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1. The predominantly Tory associations of the Company's shareholders at the Revolution have been documented by G. S. De Krey in his doctoral dissertation on London politics, in progress at Princeton University. I also wish to thank Dr. D. W. Jones of the University of York for permission to read and to cite his “London Overseas-Merchant Groups at the end of the Seventeenth Century and the Moves against the East India Company” (D. Phil, thesis, Oxford, 1970).

2. Bruce, John, Annals of ibt Honorable East-India Company (London, 1810), II, 629Google Scholar.

3. Besides Evelyn's oft-cited remark to this effect, see Scheltema, P., Aemstels Oudheid (Amsterdam, 18551885), V, 94Google Scholar; East India Office Library (hereafter, EILO), E/3/92, p. 59, Court of Committees to Governor of St. Helena, 15 June 1689. And see also Dr. Williams' Library, “Ent'ring Book of Roger Morrice”, Q, 561.

4. EILO, B/39, Court of Committee; minutes, ff. 231-35. See Reasons Humbly Offered Against Grafting, or Splicing, And for Dissolving the Present East India Company (1690, Wing R522A).

5. EILO, E/3/92, p. 78, to the Presidency of Bombay, 31 Jan. 1690; Luttrell, N., A Brief Historical Relation of State Affairs From September 1678 to April 1714 (Oxford, 1857), II, 78Google Scholar.

6. Stump, W., “An Economic Consequence of 1688,” Albion, VI, No. 1 (Spring, 1974), 2635CrossRefGoogle Scholar, citing The English Reports, CXXXIX.

7. See Khan, S. A., The East India Trade in the XVIIth Century (London, 1923), p. 206Google Scholar.

8. The Parliamentary Diary of Narcissus Luttrell 1691-1693, ed. Horwitz, H., (Oxford, 1972), pp. 16–17, 43–46, 148–49, 449Google Scholar.

9. Bodleian Library, Rawlinson MS C449, ff. 34, 29, 28, 27, 25, 24, 6, 4.

10. Corporation of London Record Office, (hereafter, LRO), Alchin Collection, Box A/25 #5, a copy of a form letter sent out by the Company to remind members to have their acquaintances in the Commons attend a key debate, 24 Dec. 1692.

11. Bodleian, Rawlinson MS A303, I. 301, to R. Blackburne, 22 Sept. 1692, and also same to same, f. 224, 22 Dec. 1692. See also Khan, , East India Trade, p. 240Google Scholar, note 3.

12. Parliamentary Diary of Luttrell, pp. 91-92, 173, 336-37, 351, 372.

13. Kent Archives Office, (hereafter, KAO), Chevening MS (Stanhope Papers) 78, undated newsletter from Whitehall to Alexander Stanhope.

14. Historical Manuscript Commission, (hereafter, HMC), Finch MSS, IV, 251Google Scholar.

15. Ibid., IV, 442.

16. Ibid., 251.

17. Calendar of State Papers Domestic, (hereafter, CSPD), 1693, pp. 323–24Google Scholar; Leicestershire RO, Finch MSS, secretarial papers for 1693, W. Blathwayt to Nottingham, 3/13 May.

18. The Whiggish composition of the new subscribers of 1693 is demonstrated by G. S. De Krey in his thesis (see note 1).

19. Commons' Journals, (hereafter, CJ), XI, 65Google Scholar; British Library (hereafter, BL), Add. MS 17,677 OO, f. 153, L'Hermitage's dispatch of 16/26 Jan.; von Ranke, L., A History of England Principally in the Seventeenth Century (Oxford, 1875), VI, 230–31, 233Google Scholar.

20. KAO, Chevening MS 78, R. Yard to A. Stanhope, 26 March; KAO, U1015 (Papillon Papers) 016/9, reasons against the old Company's offer.

21. J[erry] S[quirt], Some Account of the Transactions of Mr. William Paterson (1695, Wıng S89), p. 4Google Scholar. For analysis of the composition of the interloping syndicate of 1691-92 and the original mercantile investors in the Bank, see Jones, , “London Overseas-Merchant Groups,” pp. 335–37Google Scholar and App. C(1)—as cited in note 1.

22. BL, Add. MS 17,677 OO, f. 64, Baden's dispatch, 27 March/6 April.

23. SirDalrymple, John, Memoirs of Great Britain and Ireland (London, 17711773), IIGoogle Scholar, Appendix ii, 9. The original is in the Public Record Office, SP 8/15, #69.

24. Private and Original Correspondence of Charles Talbot, Duke of Shrewsbury (London, 1821), ed. Coxe, W., pp. 96, 104, 399400Google Scholar.

25. CJ, XI, 339; EILO, Court of Committees minutes, B/4l, f. 37.

26. Ibid., ff. 42, 45.

27. BL, Add. MS 17,677 QQ, ff. 175-76, 180, 205, L'Hermitage's dispatches of 17/27 Dec. 1695 and 3/13 Jan. 1696. In general, see Lees, R., “Parliament and the Proposal for a Council of Trade 1695-6,” English Historical Review, LIV (1939), 2866CrossRefGoogle Scholar.

28. BL, Add. MS 17,677 QQ, f. 360, L'Hermitage, 3/13 April, also ff. 314, 325, 354. And see EILO, E/3/92, p. 476, Court of Committees to Presidency of Bombay, 4 May 1696, quoted in Bruce, , Annals, III, 201–02Google Scholar; KAO, Chevening MS 78, R. Yard to A. Stanhope, 7 April 1696.

29. HMC, Kenyon MSS, p. 415; Letters Illustrative of the Reign of William III … by James Vernon, Esq. (1841), ed. James, G. P. R., I, 216–17Google Scholar; Dr. Williams' Libriry, MS 201-38 (Stillingfleet transcripts), pp. 41-42, J. [Williams, Bishop of] C[h]ic[hester] to Bishop Stillingfleet, 20 March 1696 [-97].

30. EILO, B/41, f. 156. And see HMC, Bath MSS, III, 105Google Scholar.

31. The Case of the Governor and Company of Merchants of London ([1698], Wing C1082), p. 5Google Scholar. And see EILO, B/41, f. 234.

32. Ibid., f. 247; Northamptonshire Record Office (hereafter, NRO), Buccleuch MSS, Vernon letters, I, 72, 1 March.

33. Letters Illustrative of the Reign of William III, II, 68Google Scholar. And see EILO, B/41, ff. 271, 272, 276.

34. For this paragraph, see Horwitz, H., Parliament, Policy and Politics in the Reign of William III (Manchester, 1977), pp. 233–34Google Scholar.

35. Scott, W. R., The Constitution and Finance of English, Scottish and Irish Joint-Stock Companies to 1720 (Cambridge, 1910), II, 164–67Google Scholar. Letters Illustrative of the Reign of William III, II, 90, 105, 122–23Google Scholar.

36. Ibid., II, 97-98, 102, 103; KAO, U1015, 017, correspondence of T. Papillon and Sir J. Child, Oct.-Nov. 1698.

37. Scott, , Joint-Stock Companies, II, 167, 181–82Google Scholar.

38. Bodleian, MS Eng. hist. b209 (diary of Sir R. Cocks), f. 91. And see BL, Add. MS 30.000C, f. 34, Bonnet's dispatch of 3/13 Feb.; NRO, Bucdeuch MSS, Vernon letters, II, 154, 9 March 1699.

39. Bodleian, Carte MS 130, f. 401, R. Price to [Duke of Beaufort], 11 March; NRO, Buccleuch MSS, Vernon letters, II, 154; Bodleian, MS Eng. hist. b209, f. 91.

40. HMC, House of Lords MSS, 16991702, pp. 104–06Google Scholar.

41. Luttrell, , Brief Relation, IV, 619, 624–25Google Scholar.

42. BL, Add. MS 17,677 WW, f. 116, L'Hermitage, 31 Dec./11 Jan. In general, see Walcott, R., “The East India Interest in the General Election of 1700-1701,” EHR, LXXI (1956), 223–39CrossRefGoogle Scholar.

43. Longleat House, Bath MSS 25, f. 34; Bodleian, Ballard MS 6, f. 35, to A. Charlett, 9 Jan. 1700 [-01].

44. Walcott, , “East India Interest,” EHR, LXXI, 231–38Google Scholar. For a calculation of these connections in the old House of Commons (c. 1699), see BL, Loan 29 (Harley Papers), 35, bundle 12.

45. Bodleian, MS Eng. hist. b209, f. 77.

46. Ibid., f. 78 verso.

47. The Free-holders Plea against Stock-Jobbing Elections of Parliament Men ([Jan. 1701]), p. 18Google Scholar; Considerations upon Corrupt Elections of Members to Serve in Parliament. And see BL, Add. MS 17,677 WW, ff. 117, 138, L'Hermitage, 31 Dec./11 Jan., 28 Jan./9 Feb.

48. Bodleian, MS Eng. hist. b209, f. 74. For a draft, see BL, Loan 29/32, bundle 2. And see Luttrell, , Brief Relation, V, 45Google Scholar; [Humfrey, John], Letters to Parliament-Men (London, 1701)Google Scholar.

49. BL, Add. MS 17,677 WW, ff. 223, 242, 11/22 April, 29 April/10 May; Luttrell, , Brief Relation, V, 37, 43Google Scholar; Bodleian, MS Eng. hist. b209, f. 77; BL, Add. MS 30,000 E, f. 137, Bonnet, 11/22 April.

50. Bodleian, MS Eng. hist. b209, f. 70 verso; CJ, XIII, 551-52; Luttrell, , Brief Relation, V, 44, 46, 51Google Scholar.

51. Ibid., IV, 633, 637, 691, and V, 3, 9, 13, 22, 25, 30, 40, 68, 73.

52. PRO, C110/28 (Pitt Papers), unfoliated, J. Dolben to T. Pitt, 19 July 1701.

53. For Firebrace's involvement, which preceded by at least four months his official commission, see BL, Egerton MS 929 (Halifax Papers), f. 34, Sir B. Firebrace to Lord Godolphin, 1 Feb. 1700 [-01]; Bruce, J., Annals, III, 425, 426Google Scholar.

54. BL, Add. MS 40,775 (Vernon Papers), f. 95, J. Vernon to the King, 15 Aug. For Harley, see also HMC, Portland MSS, IV, 2223 ff.Google Scholar

55. See ibid., also Luttrell, , Brief Relation, V, 93, 96Google Scholar; Beinecke Library (Yale Univ.), Osborn Collection, Phillipps MS 10,081, I, unfoliated, newsletter from Whitehall, 2 Oct. and postscript by [R. Yard]. See also PRO, C110/28, unfoliated, J. Dolben to T. Pitt, 19 July 1701.