The Sun.
London, England, 1812-04-02 00:00:00

,
. d .
plied With it. fron t
t many., 'rer qoar,en, iq rv-4
Very likely. The culture of hem) in India-is yrt in
its infancy.. A cli7inge in the cir: umstances of EA.,-
lope tnay•check it ; but if it is not ,checked,
must elapse before the q'rantity produced can to, fr!
a Considerabls article of exportation. And h
regard to both these commodities of tOtttin,to:d
hemp, it is to be observed; first, that cargoes for
Europe cannot, be composed of theM only; ko,;!
other more ponderous in its bulk, being nre, §s.,ry
(or dead Weight, and 'sugar, almost the only articl, of
this nature that India can supply, must generally he
rather a losing one. Secondly, it-is to be.obset‘e,i,
that the private ships `ready to be employed ill lo,tia;
must be abundantly stitticient for the supply Of :di
the tornage that can be required for these artltlryß
which could hardly absorb'any very large amount of
capital. Ibus then,•it is also apparent, that
country and prOduetions of India afford no new ticid
of importance for. the commercial enterciise of this
merchants of Great Britain.

Bait were it indeed otherwise, where, in the pre-
sent circumstances of the European Contittehr,
couldnw
find a commodities,
imported into this'country
coam
from
India; when many of illo4e already
made, and of articles which the Continent used cci
take off, remain in our wateliouses? And heard
may a; pear the inapplicability of that argument,
which has sometimes been urged in favour of enlarg-,
ing, or rather opening ithe Indian trade toindivickais;
"that they should be allowed to bring home thil
surplus product; of India which the Company did
not require.".

There can be no room for additional importations
when the ordinary scale proves too large. But in
the use of this plausible plea, respeeling surplus pro=
duce, there was,always a great fallacy. It seemed
to imply, that these was a 'stook of commodities it
India %hid continually remained undisposed
'whereas nothing is more evident than that the pro- •
'cludions of any country will be regulated by the de- .
mand, and that • no agriculturists or, manutacturert
will go on from year to year to produce that for, .
which they have no sale. The tem, as conneeted.
with the Company, might also convey the idea, that
they were the only .purchasers in the country; •
whereas, at that very time British residents and U,
reign nations- had the privilege of exporting goods
to the western world, and there was a great coastiV
and internal trade from one part of India to another:
But the argument for permitting individuals to ex-.
port the surplus produce, included-fully, though not
professedly,. the principle of transplanting
capital to India, in order to .raise produce there ;
principle which, it may be thought, this country
•
already carried sufficiendy far in its other distant d
pendencies, and which could not be applied to Indi‘i,
without political consequences.
But it has been , alleged, that the refusal of they
Company to make a concession, which appeared to
them to be claimed on unsound principles, and to
bepregnant, with danger, threw that trade Which
might have been brought into the Thames, into the
hands of foreigners, pazticularly the Americans.
whose great progress in the Indian trade, of late'.
years, has been charged to an erroneous policy ots
the part of the Company. Nothing can be more
mistaken than the whole of this statement. Seve,•
tal European nations having from the native sove-
reigns of India the right of possessing settlements:
and carrying On trade there, a right which we 1)4
confirmed, we could not interrupt the exercise of it
whilst they remained at peace with us; nor, there-'
tore divert from them whatever. portion of the trade
their means enabled them to -embrace. And with
'respell to the Americans, they owe their advance-'
tnent and success in the Indian trade to the treaty'
made with them by. our Government in 1794, to tho
belligerent state of Europe since that time, and abov
all, IQ the neutral character they possessed, , which
enabled them to navigate more cheaply, 'enure expe'_:
ditiously, as well as more safely than our mercletets
or Company could, and to supply many pat tsot the
European Continent and of South Arnerica,ito which
our ships had no access.. These, ,with tl a increase'
of the consumption of eastern commodities, araeng
themselves, are the true causes•of the growth of
American 'trade with India ; and even the.abolit;cto
of the Company's privileges could not Fave Irene -
ferred t he .5 harc -they acquired el it to our merchints. •
becausei it could not hale 'lessened theadteintageo
under which the Americans then carried it on, nor
have gained us either the supply of their hoe, toil de" '
mand, oradmiSsion to many ports which v.ere open
to them. What the Company could do, in the waY
of regulation, to reduce the inequality between the
'American traders and our own Inercbaiits; you know.'
Sir, wai effeded, as soon after the expiration of tits
treaty of 1794, as,hislVlajeit) Government thought
expedient.
[To be continued