FREE BOOKS

Author's List




PREV.   NEXT  
|<   355   356   357   358   359   360   361   362   363   364   365   366   367   368   369   370   371   372   373   374   375   376   377   378   379  
380   381   382   383   384   385   386   387   388   389   390   391   392   393   394   395   396   397   398   399   400   401   402   403   404   >>   >|  
the interests of "interlopers" and getting them to join the company. They had found Sir Samuel Dashwood, Sir John Fleet, Sir Thomas Cook (all aldermen of the city), Sir Joseph Herne and John Perry to have been cognisant of these proceedings, but they being members of parliament the committee did not think fit to send for or examine them.(1826) Acting upon the committee's report, the House called upon Sir Thomas Cook (26 March) to give an account of the sum of L87,000 which he had received of the company's money, and upon his refusing committed him to the Tower.(1827) A Bill was within a few days introduced into the House for compelling Cook to make disclosure and rapidly passed (6 April).(1828) In the Upper House the Bill met with the strongest denunciation by the Duke of Leeds (who saw in it considerable danger to himself), as also by Cook himself, who was brought from the Tower for the purpose of allowing him to plead against the passing of such a Bill. At the Bar of the House the latter earnestly implored the Peers not to pass the Bill in its present form. Let them pass a Bill of Indemnity and he would tell them all. The Lords considered his request reasonable, and after a conference with the Lower House it was agreed that the Bill should take the form of an Indemnity Bill, and so it was passed (19 April), a joint committee of both Houses being appointed to examine Cook and others.(1829) (M915) His examination, which took place in the Exchequer Chamber on the 23rd April, confirmed the committee's previous suspicions.(1830) The sum of L10,000 had been paid (he said) to Sir Basil Firebrace about November, 1693, when the charter of the East India Company had been confirmed, and he had always been under the apprehension that Firebrace had pocketed the money "to recompense his losses in the interloping trade." A further sum of L30,000 had been paid to Firebrace on various contracts. There had been a contract involving the payment of L60,000 on account of procuring a new charter, and another of the value of L40,000 on account of getting the charter sanctioned by an Act of Parliament, but as no Act was passed this latter contract fell through. There was a further sum of L30,000 which had been lost to the company on account of certain stock it had agreed to purchase from Firebrace at the price of L150 per cent. at a time when the company's stock was standing at par. Firebrace had always refused to give him any account as
PREV.   NEXT  
|<   355   356   357   358   359   360   361   362   363   364   365   366   367   368   369   370   371   372   373   374   375   376   377   378   379  
380   381   382   383   384   385   386   387   388   389   390   391   392   393   394   395   396   397   398   399   400   401   402   403   404   >>   >|  



Top keywords:

Firebrace

 

account

 

company

 
committee
 
charter
 

passed

 
confirmed
 

agreed

 

contract

 

Indemnity


Thomas
 

examine

 

November

 

Dashwood

 

apprehension

 
Company
 

refused

 

suspicions

 

previous

 
appointed

Houses

 
examination
 

aldermen

 

Chamber

 

Exchequer

 

pocketed

 

Parliament

 
sanctioned
 

interests

 

purchase


interlopers

 

Samuel

 

interloping

 

recompense

 

losses

 

contracts

 

payment

 

procuring

 

standing

 

involving


disclosure

 

rapidly

 

strongest

 

parliament

 

members

 

denunciation

 
compelling
 

committed

 

report

 

Acting