Sam, against sheperd: or, Reasons offer'd by the new East-India Company, for passing the bill, for raising two millions, with the benefit of the trade to India, in the year 1698. and reasons now offer'd by the New East-India Company, against the bill for continuing the Old East-India Company a corporation, in this present year, 1699. This text is an enriched version of the TCP digital transcription B09946 of text R183219 in the English Short Title Catalog (Wing S524). Textual changes and metadata enrichments aim at making the text more computationally tractable, easier to read, and suitable for network-based collaborative curation by amateur and professional end users from many walks of life. The text has been tokenized and linguistically annotated with MorphAdorner. The annotation includes standard spellings that support the display of a text in a standardized format that preserves archaic forms ('loveth', 'seekest'). Textual changes aim at restoring the text the author or stationer meant to publish. This text has not been fully proofread Approx. 4 KB of XML-encoded text transcribed from 2 1-bit group-IV TIFF page images. EarlyPrint Project Evanston,IL, Notre Dame, IN, St. Louis, MO 2018 B09946 Wing S524 ESTC R183219 69648878 ocm 69648878 185044 2248532668

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 Early English books online text creation partnership. (EEBO-TCP ; phase 2, no. B09946) Transcribed from: (Early English Books Online ; image set 185044) Images scanned from microfilm: (Early English Books, 1641-1700 ; 2885:3) Sam, against sheperd: or, Reasons offer'd by the new East-India Company, for passing the bill, for raising two millions, with the benefit of the trade to India, in the year 1698. and reasons now offer'd by the New East-India Company, against the bill for continuing the Old East-India Company a corporation, in this present year, 1699. England and Wales. Parliament. 1 sheet ([1] p.). s.n., [London : 1699] Caption title. Place and date of publication suggested by Wing (2nd ed.). Reproduction of original in: Bodleian Library. eng East India Company. Great Britain -- Commerce -- India -- Early works to 1800. India -- Commerce -- Great Britain -- Early works to 1800. Broadsides -- England -- 17th century. eebo Sam. against Shepherd: or reasons offered by the New East-India Company, for passing the bill, for raising two millions, with the benefit of the trade [no entry] 1699 2 737 0 0 0 0 0 0 0 A This text has no known defects that were recorded as gap elements at the time of transcription. 2013-10 Assigned for keying and markup 2013-11 Keyed and coded from ProQuest page images 2014-01 Sampled and proofread 2014-01 Text and markup reviewed and edited 2014-03 Batch review (QC) and XML conversion
SAM. against SHEPERD : OR ,

REASONS Offer'd by the New East-India Company , for Passing the Bill , for Raising Two Millions , with the Benefit of the Trade to India , in the Year 1698. And REASONS now Offer'd by the New East-India Company , against the Bill for Continuing the Old East-India Company a Corporation , in this present Year , 1699. 1. THAT a Joint-Stock , Exclusive of all others , was a Monopily , infringing the Right of Trade , due to all Free-Born English Men. 1. BUT now They say , That to carry on the Trade , otherwise than in a Joynt-Stock , Exclusive of all others , is Impracticable , and will tend to the losing the Trade to the Nation , and the destruction of our home Manufactures . 2. That the Old Company were Beggars , and under such poor Circumstances , as not to be able to carry on the Trade : By which the Nation was dishonour'd , and the Trade in great danger of being lost . 2. But now They say , That the Old Company have Exported , since that time , Effects to above a Million ; and have , and will bring in such quantities of Indian Goods , as will tend to ruine the English Manufactures . 3. That nothing under a Stock of Two Millions , was sufficient to carry on the East-India Trade . 3. But now They say , That the 315000 l. Subscribed by the Old Company , will carry on Yearly above half the Trade ; By which , They who have Subscribed the Remainder of the Two Millions , will be deprived of the Benefit of the Trade , in proportion to their Subscription . 4. That the Forts and Garrisons were a perfect Lumber and Trumpery , and absolutely useless to the Trade ; and that if They were in their hands , They would Demolish them . 4. But now they say , That the Old Company having the Benefit of the Forts and Castles , are thereby in Possession of the Trade , and consequently must Ruine them , If the Bill for Continuing the Old Company a Corporation , should Pass : By which , They do allow , the said Forts and Garrisons to be absolutely necessary . 5 That their Debts in India were so great , and their Credit so intirely lost , That their pretended Stock was so far from being of any Value , that it was 20 per Cent. worse than nothing . 5. But now They say , That the Old Company have , by their Money and Credit , Purchased such vast Quantities of Goods in India , as to enhanse the Price there , and lower them at home : And that by the Passing of this Bill , The Old Company will be put into a better Condition than the New , both Abroad and at Home . 6. That the Old Company were such Beggars , Bankrupts and Knaves , They could never think of having any thing to do with them . 6. But now the New Company say , They have used all their Endeavours , and are ready , upon all Occasions , to shew their Willingness to unite with the Old .

And further , The New Company have always alledged , That an East-India Company ought always to have a Capitol Stock of their own in hand , ( without Borrowing , or making any Dividends out of the Principal Stock ) sufficient to carry on the Trade , for the Honour and Interest of the Nation .

But now it is well known , That the New East-India Company have been so far from pursuing this Rule , That They have not Traded with any Stock , but such as they have borrowed at Interest , and even divided 6 per Cent. per Annum out of such borrowed Money , before their Ships were sent out .

These are the Contradictions , with which They have Treated the Old East-India Company ; And if they may pass for Reasons , to both their Purposes , The Old East-India Company are of all Men most miserable .