New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-07-11
The Fast India Company-Its History and Results.
cosrespoDJonce OF The n T. Tnb1ns.

isatiOn for India has been deferred until this evening
For the first time since 1888 the India Question has
become a Ministerial in England Why "a thisf
The true commencement Of the East India Company
cannot be dated from a more remote epoch than tho
year l7O2 when the different societies. claiming the
nopo II the East India trade united together 10
single Company Till then the very existence OF tho
original East India Company repeatedly endan-
gered once suspended Tor years under the prOectOrae
of Cromwell and once threatened with utter dissolution
by parliamentary Interference under the reign Of VIII
liam III Ii under the ascendancy Of thai Dutch
Prince when the Wings becane The farmers OF the reyo
nues Of the British Empire, when the Bank OF England
sprung into life. when the protective system firmly
established 10 England, and the balance Of power ID
Europe was defnvey settled that the existence " am
East India Company was recognized by Parliament.
That era Of apparent liberty in reality the era Of
mOnOpOes not created by Royal grants as in the times
Of Elizabeth and Charles but authorized and nation
allied by the sanction OF Parliament This epoch in the
history Of England bears IN fact extreme likeness
10 the epoch Of Louis Philippe 10 France the old landed
arstOcracy having been defeated, and the bourgeOise
being able to take ts place except under the ban
ner Of mOneyOcfacy or the haUfe faaHce" The East
India Company excluded the common people from tho
commerce with India at the time that the House IL
Commons excluded them from parliamentary represen-
taon In this a. well in other instances, find tho
first decisive victory Of the b0HrgeOse the ieuda
anstocracy cOincidng with the most pronounced re-
action against the people phenomenon which has
dnyen EOre than one popular writer, Ike Goblet,
Ook for popular liberty rather IN the past than in tho
future.
The union between the Constitutional Monarchy aud
the monopozng mOned interest between the Company
Of East India and the glorious" revolution Of 1853
was fostered by the force BY which the liberal in
teress and liberal d. nasty have al all times and IN all
countries met and combined, BY the force Of corruption,
that first and last moving power If constitutional Mon
archy, the guardian angel Of William Ill and the fatal
demon ofLous Philippe. So early a. 1893, IL appeared
from parliamentary inquiries, that the annual expendi
ture OF the East India Company, under the head d
dts % men in power which had rarely amounted 10
above 300 before tbe revolution reached the Of
cqO0DO The Duke Of Leeds wa impsaehed for a
bride Of E5O0O and the virtuOus King himself convicted
OF Layng received ElOOJO Besides these direct bnb-
cries rival Companies we're thrown Oa, by tempting
Government with loans Of en0rm0us SUNS AZ the lowest
interest, and by buying OF rival Directors.
The power the East India Company had obtained by
brb.ng the Government, as did alsO the Bank Of Eng
land u wa forced % maintain BY bnbing again. a. DID
the Bank Of England AZ every epoch when ts mono
poly was expiring, 1t could only effect renewal OF its
charter by Offering fresh loans and BY fresh presents
made 70 the Government.
The events Of the seyen-yearswar transformed the
East India Company from commercial INTO military
and territorial poEer II was then that toe foundation
was laid ofthe present British Empire in the East Then
East India stock 70 E2b3, and dividends we're then
paid at the rate Of l24 per cent But then there sP-
peared new enemy 70 the Company 10 longer IN the
sbape Of rival societies but in the shape Of rys minis
ters and OF rival people. II alleged that the Com
pan,s territory had been conqueredb the aid Of British
fleets and British armies, and that British subjects
could bold territorial soyereigntes independent OF tho
Crown The ministers Of the day and the people oil the
day claimed their share in the " wonderful treasures
imagined to have been b. the last eonquests Inc
Company only saved its existence by an agreement made
in 1907 that il should annually pay tiv''Vo INTO mo
But The East India Company, instead Of fulfilling -