Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1861-06-13
Prescription of the Rnst TndIa House.

the lord mayor and the mansion house to be
removed to Piccadilly as that the offices of
the Eest IL dis Company should be removed
to Westminster, together with the splendid
library and valuable collection of manu-
scripts and articles of curiosity aud instruc
ton which so thickly occupied the museum.
When looking at the long front Of this
building, its lefty and well proportioned
portico and wide. spreading wings, one OBJ
serves the execution and design of the sculp-
ture Of the pediment and other parts, by Ba-
con. George III is a principal figure,
representing for time the power of England,
and mar king the date of erection Of the
edifice he is leaning on his sword with one
arm, and with the other extending shield
of protection. Figures of Liberty; Mercury,
attended by Navigation, and followed by
tIitOns and sea horses, emblematical of COM
nerce, are introducing Asia to Britannia,
before whom she spreads her products. On
the other side appears Order, accompanied
by Religion and Justice. In the background
appear the city barge and other embems
and representations of Integrity and Indus
try. The western angle contains view of
the Thames, and the eastern that of the
Ganges. On the apex of the pediment is a
figure holding in her left hand a spear and
aCapofliberty. On the east aud west corners
are Asia seated on camel, and Europe
seated on horse. .......-
remembered an account of building, Gu
riously constructed of wooden framework
| and turned ornaments: on the top was q
carving of a ship. This was engraved in q
| previous number of the Builder. This, the
| fIst house Of the East India Company,
stood near where the west wing of the
present edi6ce now is. .... ... ....
In the commercial history of this nation
there are few incidents OF our progress more
rlah1 fba rio AND VNrn dnFf fhn
Fest India Company. In 1899, one hundred
ard one persons subscribed for the purpose
of carrying on an eastern trade to the
amount of ESQ, 1873 6s. Sd, in various sums
of from fl30 to f3 900. For long after the
establishment of the company the attendance
OF one managing director at the old wooden
house was sufficient. 1t seems that owing
to 'ome treaties which were in negotiation
with the government Of Spain, the company
did not obtain their charter of Incorporation
until 3lst December, 1900 and then it was
limited TO fifteen years duration. By the
time the above named privilege was granted
The money subscribed amounted to f69,
379, Of which f39, I'll were expended in the
purchase ard equipment of ships; f28, 742
were appropriated to bullion, with which,
and goods so the value of $3.50, was COM
menced by England a traffic with the mighty
empire of Hindostan. The first expedition,
which was destined to produce such mar
velous results, started from Torbay on the
I'd of Msy, 1901. Great was the success for,
with single exception, during eleven
years, the profits ranged from fl20 to as
much as G340 per cent In 1909 the charter
was renewed, and still the merchants pros
pered. 1t is worth while to mention the
following anecdote connected with the early
days of the company. A merchant named
Brsgge made claim against the East India
house for upward of $4,000, for services
said by him to have been rendered. This
gentleman pressed his claim in Language
and in manner which seem singular. Ht
backs his views by goodly sayings ant
quotations, and balances much good with {
considerable amount of selfishness Fo
instance, after making what seem TO bt
some very large charges, he says l'For thir.
teen negroes, or Indian peope-Well, fo
the estimation of these poor souls, they arr
not TO be valued at any price"
3 Another item: "For twenty doggs and
great many CATS which altogether, unde
l God las by your books written) of late ridt
away and devoured all the rats in that island
: which formerly cate up all the corn aut
n many others blessed fruits which that lane
4 afforded-Well, for this 1 win demand E
apiece for the Dogs, and as the cats, the.
r may goe"
: Some idea of the enormous profit of thos
i connected with the East India trade may b
prices of teas and other articles (this abou
a 1922: A book of muslin cost in India 20s
T in England it sold for from 305. to 40s.
It Zuratt satiDs, per piece, in India, 40s., il
London COS a Taffeta quilt cost then i
I London from 9l0 to f2G and raw silk wa
=. 20s. pound.
u When the frat expedition was sen
away, Captain Lancaster, the chief in com
mand, took royal letters of introduction {
: various Eastern potentates and in l6l4, 5
p important had become this traffic, that q
+ ambassador was sent to the Great Mogu
The diplomacy of this gentleman was al
,, tended with great success, and among othe
/, advantages be obtained permission for th
j. English to establish factories on any part
these dominions.
i The ambassador saw, from the first, th
= troubles which would result from territoril
y acquisitions or military expenses, and car
10 toned the company against such measure
In l6l7-l8 the increase of the trade made
b necessary to raise a fresh fund of 81, 900, 90
j. and the company now consisted Of nine hun
l. dred and fifty four proprietors, and ha
!, thirty. six ships, of tnnnage ranging fro
one hundred to one thousand tuns burde
l. each. In 1851 third joint stock capital
'e f4200, 700 was raised.
d In l64I-42 the first important settlemel
was made on the shores of India by the ere
T. ton of a fort at Madraspatam, which vi
At afterward called Fort George, and erectC
le into a presidency. In 1893 an opposite
East India Company was formed, which, aft
20 a feeble management of four years, anna
~ ~ gamsted with the original company, and Il
- firm was named the United Company
III Merchants trading to the East Indies. SoC
three presidencies were formed, all und
IN the control of the company at home: Of
w was at Madras, and the others were at Boz
of bay ard Calcutta.
. | l.zL .I.As 49, aAsray, "a
proportion with the increase of the tratt
ol for we find that, in l746--one hundred al
70 five years after the first settlement was ma
u at Madras-although the Presidency e
~ tended for FIVE miles along the shore aud o
mile in breadth, the number of Englishm
of there did not exceed three hundred p'
a., sons, of whom two hundred were soldiers
ne the garrison.
ge AS time rolled on, the French attempt
to oppose the company in India, and reb
ed lion-if it might be So called-was rais'
Iid The victories of Lord Give, Lord Cor
he wallis, and the Marquis of Hastings, vas
he extended the British dominions in this
rection.
:, in 1873 the Eastern trade was partia
all thrown open, and This largely increased
res export, which in 1915 amounted TO fS70, l
we but in 1919 it amounted TO t3,O52, TAO.
lls II is tempting to follow the effect of BI
ish enterprise, and the comforts and adv
he tsees it has afforded to the western a
st. other portions of the world; we must, he
est ever be satisfied with giving the follOwi
nj note: In l677the quantity OF tea impor
into England amounted to one humid
A. pounds weight in 1914 the quantity '
w twenty-five million pounds, which yielC
aI' ns 10 the Government a revenue OF t4,OOOi
% oSu sterling.
D" In the interior of the Lendenhall-str
building there are several matters worthy
AVS notice; statues of famous men connec
lop with India, paintings and bas.relief deco
bic tons. The great hall and other chamber
,st- which SO many remarkable men have .