The Sun.
London, England, 1813-01-29 00:00:00

EAST INDIA HOUSE,

January 26, 1813..
AT a GENERAL COURT of the UNITED'
COMPANY 45f MEACHANTS Trading to the East-.
Indies, held this day,
Resolved,
That this Court perceives with deep regret, that after a
long correspondence awl diecussion, conducted with exem-
plary firmness, temper, and ability, On the part oltheCourt of
'Directors, unit \rifle mild) difference of opinion among the
several Ministers who have represented his Majestts Govern-
went in the discussion,' end closed on the pert of Ttis Majes-
ty's present Mieisters with a reference to the Petitions lately
' presented to Parlitonent, us .4 ground of their new determi-
narion, the parties have 'attend!, arrived at. a point, when
decisien is absolutely required, b'etween the rein of the Com-
pany and the diappointwent of the Petitioners against their
Charter.
Resolved;
That on former discussions relative-to the reuewal of the
CumPanY'a Charter, and particularly in 1793 his Majesty's
Government were prepared, at the outset, to state the pre-
' vise extent of concession which could safely he allowed to the
Petitioners against the Company's Charters and their ma-
ture conviction appeared then to he, that the regulated mo.
imply of the Company,, was essential to the interests of
the country, and that this consideration alone was a suf-
ficient answer to all pretences for interference with thatino-
- nopoly
Phut the territorial possessions of the Company in India
are their certain right, and that the system provided for the
Got eroment by the wisdom of Parliament., together
wit Is the dtsintereited spit it in which it has been adminis-
tered by the Company, have extended and Cdusolidated the
rlt ish Empire in the East, and 'asler' to the strength awl
glory of the Empire at Home.
That the trade of the Company has long ceased to hear the
china( ter of a strict monulinly; atol that by some further inn-
itilications, it thought ififlispensable, iu addition to • the ar-
rangements of 1700, 1,41, it only tie rendered is melt
uri up it consit4ent with the Security of the
set eon, and the 110,1.,iii and safety of the Indian empire.
That it is the of the ablest Indian Statesmen, as
n't'll us of flat' generality of persons acquainted eith
lieu no large 1/1' sudden addition cal; he, made to the amount
of British exports to that country or t Morn That this
(1)Inn.11,01 by the reciter, of the Anotricati,, rho tic-
rat chiefly hulliuii, awl by the overeraded state of the
merlaes. Firer the haliits and religion of the nrtives site hoe-
tilt' to any sure( e!steilsical ; and that the Cempany soh ally
suffer a has iti I. i 3 department of their cutlets its, with the
view of entpioying the capital, and encouraging the industry
of their coma. y men. at house:
, „ ,
That so faros relates to the ordinery proem* co tne
import trade is now carried to the full extent of the demand,
as uppears by the value of two milliotts and a half sterling el
private property at this moment remaining intim Company's
Warehouses; and that to open the • out-ports to that trade.
would be no other than a ruinous transfer of it into new'
channels, to the destruction of immense mid costly establish.
intuits and the beggary of many thousands of inclatrious in-
dividuuls.
That an extension of the trade in other products, the sup.
posed effect of opening the outporte, could be realised only
by a large transfer of capital to India, and its consequent Co-
lonization. That, if,reatieed, it might fatally interfere with
the manufactures ut Lugleud, or with her commerce to cottn-.
tries where similar products are already raised by British ea-,
pita), importediti British shipping, and Ittid for by British ma.
nufactnrers,. end ilea, thus, such eidetic...met would deeply its-
jure those verk parsons who are most impatieetly petitioning
for it. ", • •
That any unrestruioed intercoorse of Europeans with our
Indian Empire is highly to he deprecated. 'Phut the 'inherit-
ed competition of cou agents would, (ruin the nn erchri
pe-
culiar carcolostattecs of the cotoary, produce " a houtid-
lesS scene of cenlusion und lentil, 144 i oltimatelyt the rails
of the onintit:icturcrs tliettlialvt4 and that tempting. ops
vortunitio, would be held out to the agents to maintain illicit
intercourse with. the'NUtiVe Powers, and he conduct a dan.
gerous syetear of coutmunication with China from the Eastern
Islands.
That this Court do most' highly approve the conduct of the
Directors upon the vital question of admitting the out-porte
•14 the import. trade from India ; and, that the e,,,ertt,ami purl
terlaisl file n irregular sales at the the' lose to the
revenue trout tinsuitglitig, and the consequent ruin. of the
china triscle,.tree decisive &ducks In the policy of
such ir measure. They sirs' therefore firmly of opinloo, Mat
the Collard' Directors Should, un tin consideration whatever,
cede this point in the disettssium That it also appears, from
;maim oils too itiorts presented to the last Parliament, that on
the hills of approved and lotigrstablished practice, :111 1111-
111011se C3111t4/1 bah beet, ins/esti:dm estoblishincias, pernharly
ielirpte.l to the es.pert trade between India and China; and
that many less y cogagumento, have host Lotter-id into byper-
-50115 in the city of lernarm, and on both Minks of the Thames,
from. laarrim-bridge to Gravesend, the very lonstene,
many of wlimis depends upon the continuative to the port of
Lond,,,, of the o.;,part. Italic to Intik,. Mid 4.1)41 that
nearly 10,000 indastrions artificers, together with their fa-
males, wouldhe iii danger of• beggury, iu proportim, as they
wombd lot t a 'is nut of emplin mon, by ths, rent ,
ova, of ihu
trade from sty acenstunted channel. This Conrt tbcre-
\fore conceives, that it is of vital importance to the cite and
port of Laudon, that the export trade to Indi.t and (Alia:,
should continue to be carried on as heretofore,
'that lutes,. the high duties on articles imported •konld still
remain, the altatemeut in the price of freight, expected by
petitioners. to etvme from the subvei shin of the, pre.„,,,,
systemovould be prodoetive odtritiiug relief to the ai,„,•,•,
and that this relief would he purchased at the extreme I,,zont
of the reveene of C113t9,111% and EBcise, glow collceavd c;,
hi the t!ealpany, as well its lanolin:Hi danger to sill the ,otti'cc.-*
of their wcelth iu
'rho,: there is tio foundation, in fact, for the statement
which ascribes to the Company's chart, this advantages els-
ieced by neutral foreigners over Ili merchants, in •t.he
enimissian of the tOttilil ill it trade Irma which the latterare
es, belcd ; for the ill'Ofit which tli4t trade 14en
vniied
ass lii thisee, foreigners, has been entirely Ottilik', to
the Weilities neeeesarily behrilging to their neutral diameter,
whieli, Of coarse, cannot belong to the literclmnts of a
belligerent state,
That the discharge of titer function of the cam
patty depeutle ou'the<contisinauce of its couniterciJlprii lieges.
'brut tits ProPoitimo 61 bussAi'd"tY's 00i:ern:neat,. by giehig
a Niel blow to the comineicial ibrerests of the Company, will,
if 4.0).01,11tU411), Lerittillatt; ifs its itittit4Ctil diSio-
tiltloll; that. 4t 411Villitagt:Of of the bighestla4pert,
aite,e, will thus tot lest to the couetry, reiong which the f„4„,
lowing &wive to he distitictly waited, „ic much to,v,4maibt
to .he Sallyiliced for a is reduction its the fr. fight of Indian
foods to Europe.
L A muitic eif 100 large ships, eow.imior: a tannage of
303,731 s tons, employing 1,101) neuters and tn,oho
0..101010s:4gs:a lil4ol and bravery, turd which has been found
ready and utile, at all tilittnty to litiOlilter to the national ,con-
tantience and tai augment the natiointl glary. .
2. AD extees!ses esteblishwent .yerds, which has often
7remprof large and seasonable assistance to the floral Navy,
and it, rases of necessity, be Hiatt: available to the
na-
tit►nat
remittance of the fortunes 4centoideted Isy ahoy,
4,000 othcers of the Compeoy'l military service, met, Nome
061 WrValki,, which are .transferrad the,C4-
pital, and stitnoliste the industry of Britain.
"flints widitioo to them, cotow,rititmg, the liberal, .di„,
burt,ements of the Company .for notionoi enterpriso, aucl
the meritorious contribution tit their service to the Motional
Fund of streoth atid glory, are entitled to a just and ho,
operehle rememirrence, the preparation of nay utra%iire
play vitally affect their interests, -
.•
That connected with this department Of the subjectf is the
e‘truniti dauger to weieli, iu eaSe of the Company's dims-
lotion, the halarice of the Constitution would be exposed,
by the transfer of the Indian Patrunege to the Crown, aorl
the cin,cmoits hurdm which. would he entailed mu the }public,
11.1 satisfying the claims of compensation .bt behalref the
co„,1„,„y, and of all the complicated interests which would
be invol vett in tot fate.
That., by the destrection of the Company, a vast Ittilitlitir
of, those Proprietors, amongst whom its capital of twelve
millions sterling is retested, Would* be reduced to extreme
nistrese; and nearly forty thousand persons, directly on-,
ployed by the Company, with many others indirectly' vot-
e...rued in its prosperity, would lie brought to a state of abso-
lute beggary.
That, m
hat, Ira the* tenour of the preceding considerations, 'lt
appears.' to this Court, that no ease of. political or emumet,
vial delinquency has been cstal ficd ;Koltun, the Comp:my,
Ito justify the with which hey ;ire Oireatened, or to for
claim to as contimumee of ttWii Charter,. Tile!, on
'the coutrary. their connote' dal management lots been ft.,.
goodly der,trigiul and interroptcll by costly enterprizes to
svloch they Were- Collipencil, Isf imperial
awl which no temporary posittion CAMIIt have induced them
set eirceote, That their rcitionvirances against tliCse under-
takings were slienced by kervroice to future and diir.oit re-
io the imeeoved prospect cif 'permanent !team,
tpid LomuAlvvi ail i tii 0, ergumente' which Int-
a pledge that thor privileges should be
• . 'heir iodswility shettlif be complete,