all great and important matters."
It was difficult to find much that was treasonable in that.]

Among the heterogeneous articles of accusation he was asked why he had
given no attention to those who had so, frequently proposed the formation
of the West India Company.

He replied that it had from old time been the opinion of the States of
Holland, and always his own, that special and private licenses for
traffic, navigation, and foreign commerce, were prejudicial to the
welfare of the land. He had always been most earnestly opposed to them,
detesting monopolies which interfered with that free trade and navigation
which should be common to all mankind. He had taken great pains however
in the years 1596 and 1597 to study the nature of the navigation and
trade to the East Indies in regard to the nations to be dealt with in
those regions, the nature of the wares bought and sold there, the
opposition to be encountered from the Spaniards and Portuguese against
the commerce of the Netherlanders, and the necessity of equipping vessels
both for traffic and defence, and had come to the conclusion that these
matters could best be directed by a general company. He explained in
detail the manner in which he had procured the blending of all the
isolated chambers into one great East India Corporation, the enormous
pains which it had cost him to bring it about, and the great commercial
and national success which had been the result. The Admiral of Aragon,
when a prisoner after the battle of Nieuwpoort, had told him, he said,
that the union of these petty corporations into one great whole had been
as disastrous a blow to the kingdoms of Spain and Portugal as the Union
of the Provinces at Utrecht had been. In regard to the West India
Company, its sole object, so far as he could comprehend it, had been to
equip armed vessels, not for trade but to capture and plunder Spanish
merchantmen and silver fleets in the West Indies and South America. This
was an advantageous war measure which he had favoured while the war
lasted. It was in no sense a commercial scheme however, and when the
Truce had been made--the company not having come into existence--he
failed to comprehend how its formation could be profitable for the
Netherlanders. On the contrary it would expressly invite or irritate the
Spaniards into a resumption of the war, an object which in his humble
opinion was not at all desirable.

Certainly these ideas were not especially repre