s,
and duties,--permitting them to send it to Europe in the Company's ships
upon their own account.

The whole of this history will serve to demonstrate that all attempts,
which in their original system or in their necessary consequences tend
to the distress of India, must, and in a very short time will, make
themselves felt even by those in whose favor such attempts have been
made. India may possibly in some future time bear and support itself
under an extraction of measure [treasure?] or of goods; but much care
ought to be taken that the influx of wealth shall be greater in quantity
and prior in time to the waste.

On abandoning the trade in silk to private hands, the Directors issued
some prohibitions to prevent monopoly, and they gave some directions
about the improvement of the trade. The prohibitions were proper, and
the directions prudent; but it is much to be feared, that, whilst all
the means, instruments, and powers remain, by which monopolies were
made, and through which abuses formerly prevailed, all verbal orders
will be fruitless.

This branch of trade, being so long principally managed by the Company's
servants for the Company and under its authority, cannot be easily taken
out of their hands and pass to the natives, especially when it is to be
carried on without the control naturally inherent in all participation.
It is not difficult to conceive how this forced preference of traffic in
a raw commodity must have injured the manufactures, while it was the
policy of the Company to continue the trade on their own account. The
servants, so far from deviating from their course, since they have taken
the trade into their own management, have gone much further into it. The
proportion of raw silk in the investment is to be augmented. The
proportion of the whole cargoes for the year 1783, divided into sixteen
parts, is ten of raw silk, and six only of manufactured goods. Such is
the proportion of this losing article in the scheme for the investment
of private fortunes.

In the reformed scheme of sending the investment on account of the
Company, to be paid in bills upon Europe, no mention is made of any
change of these proportions. Indeed, some limits are attempted on the
article of silk, with regard to its price; and it is not improbable that
the price to the master and the servant will be very different: but they
cannot make profitable purchases of this article without strongly
condemning all the former purc