them, their families, and dependants. So that all
the relations of the Company are not only changed, but inverted. The
servants in India are not appointed by the Directors, but the Directors
are chosen by them. The trade is carried on with their capitals. To them
the revenues of the country are mortgaged. The seat of the supreme power
is in Calcutta. The house in Leadenhall Street is nothing more than a
'change for their agents, factors, and deputies to meet in, to take care
of their affairs and support their interests,--and this so avowedly,
that we see the known agents of the delinquent servants marshalling and
disciplining their forces, and the prime spokesmen in all their
assemblies.

Everything has followed in this order, and according to the natural
train of events. I will close what I have to say on the incorrigible
condition of the Company, by stating to you a few facts that will leave
no doubt of the obstinacy of that corporation, and of their strength
too, in resisting the reformation of their servants. By these facts you
will be enabled to discover the sole grounds upon which they are
tenacious of their charter.

It is now more than two years, that upon account of the gross abuses and
ruinous situation of the Company's affairs, (which occasioned the cry of
the whole world long before it was taken up here,) that we instituted
two committees to inquire into the mismanagements by which the Company's
affairs had been brought to the brink of ruin. These inquiries had been
pursued with unremitting diligence, and a great body of facts was
collected and printed for general information. In the result of those
inquiries, although the committees consisted of very different
descriptions, they were unanimous. They joined in censuring the conduct
of the Indian administration, and enforcing the responsibility upon two
men, whom this House, in consequence of these reports, declared it to be
the duty of the Directors to remove from their stations, and recall to
Great Britain,--"_because they had acted in a manner repugnant to the
honor and policy of this nation, and thereby brought great calamities on
India and enormous expenses on the East India Company_."

Here was no attempt on the charter. Here was no question of their
privileges. To vindicate their own honor, to support their own
interests, to enforce obedience to their own orders,--these were the
sole object of the monitory resolution of this House. But as soon as th