h India; and the charter which had
just been granted to the Old Company was laid before them. They would
probably have been disposed to sanction the new arrangement, which, in
truth, differed little from that which they had themselves suggested not
many months before, if the Directors had acted with prudence. But the
Directors, from the day on which they had obtained their charter, had
persecuted the interlopers without mercy, and had quite forgotten that
it was one thing to persecute interlopers in the Eastern Seas, and
another to persecute them in the port of London. Hitherto the war of the
monopolists against the private trade had been generally carried on at
the distance of fifteen thousand miles from England. If harsh things
were done, the English did not see them done, and did not hear of them
till long after they had been done; nor was it by any means easy to
ascertain at Westminster who had been right and who had been wrong in a
dispute which had arisen three or four years before at Moorshedabad or
Canton. With incredible rashness the Directors determined, at the very
moment when the fate of their company was in the balance, to give the
people of this country a near view of the most odious features of the
monopoly. Some wealthy merchants of London had equipped a fine ship
named the Redbridge. Her crew was numerous, her cargo of immense value.
Her papers had been made out for Alicant: but there was some reason to
suspect that she was really bound for the countries lying beyond the
Cape of Good Hope. She was stopped by the Admiralty, in obedience to an
order which the Company obtained from the Privy Council, doubtless by
the help of the Lord President. Every day that she lay in the Thames
caused a heavy expense to the owners. The indignation in the City was
great and general. The Company maintained that from the legality of the
monopoly the legality of the detention necessarily followed. The
public turned the argument round, and, being firmly convinced that the
detention was illegal, drew the inference that the monopoly must be
illegal too. The dispute was at the height when the Parliament met.
Petitions on both sides were speedily laid on the table of the
Commons; and it was resolved that these petitions should be taken into
consideration by a Committee of the whole House. The first question on
which the conflicting parties tried their strength was the choice of
a chairman. The enemies of the Old Company proposed P