EAST-INDIA BILL AND COMPANY.

I therefore freely admit to the East-India their claim to exclude their

fellow-subjects from the commerce of half the globe. I admit their claim

to administer an annual territorial revenue of seven millions sterling;

to command an army of sixty thousand men; and to dispose (under the

control of a sovereign, imperial discretion, and with the due observance

of the natural and local law) of the lives and fortunes of thirty

millions of their fellow-creatures. All this they possess by charter,

and by acts of parliament (in my opinion), without a shadow of

controversy.

Those who carry the rights and claims of the company the furthest do not

contend for more than this; and all this I freely grant. But granting

all this, they must grant to me, in my turn, that all political power

which is set over men, and that all privilege claimed or exercised in

exclusion of them, being wholly artificial, and for so much a derogation

from the natural quality of mankind at large, ought to be some way or

other exercised ultimately for their benefit.

If this is true with regard to every species of political dominion,

and every description of commercial privilege, none of which can be

original, self-derived rights, or grants for the mere private benefit

of the holders, then such rights, or privileges, or whatever else you

choose to call them, are all in the strictest sense a TRUST; and it is

of the very essence of every trust to be rendered ACCOUNTABLE; and even

totally to CEASE, when it substantially varies from the purposes for

which alone it could have a lawful existence.

This I conceive, Sir, to be true of trusts of power vested in the

highest hands, and of such as seem to hold of no human creature. But

about the application of this principle to subordinate, DERIVATIVE

trusts, I do not see how a controversy can be maintained. To whom then

would I make the East-India Company accountable? Why, to parliament,

to be sure; to parliament, from which their trust was derived; to

parliament, which alone is capable of comprehending the magnitude of

its object, and its abuse; and alone capable of an effectual legislative

remedy. The very charter, which is held out to exclude parliament from

correcting malversation with regard to the high trust vested in the

company, is the very thing which at once gives a title and imposes on

us a duty to interfere with effect, wherever power and authority

originating from ourselves are perverted from their purposes, and become

instruments of wrong and violence. If parliament, Sir, had nothing to do

with this charter, we might have some sort of Epicurean excuse to stand

aloof, indifferent spectators of what passes in the company's name in

India and in London. But if we are the very cause of the evil, we are

in a special manner engaged to the redress; and for us passively to bear

with oppressions committed under the sanction of our own authority, is

in truth and reason for this house to be an active accomplice in the

abuse.

That the power, notoriously, grossly abused, has been bought from us is

very certain. But this circumstance, which is urged against the bill,

becomes an additional motive for our interference; lest we should

be thought to have sold the blood of millions of men, for the base

consideration of money. We sold, I admit, all that we had to sell; that

is, our authority, not our control. We had not a right to make a market

of our duties.

I ground myself therefore on this principle--that if the abuse is

proved, the contract is broken, and we re-enter into all our rights;

that is, into the exercise of all our duties. Our own authority is

indeed as much a trust originally, as the company's authority is a trust

derivatively; and it is the use we make of the resumed power that must

justify or condemn us in the resumption of it. When we have perfected

the plan laid before us by the right honourable mover, the world will

then see what it is we destroy, and what it is we create. By that test

we stand or fall; and by that test I trust that it will be found in

the issue, that we are going to supersede a charter abused to the full

extent of all the powers which it could abuse, and exercised in the

plenitude of despotism, tyranny, and corruption; and that in one and the

same plan, we provide a real chartered security for the RIGHTS OF MEN,

cruelly violated under that charter.

This bill, and those connected with it, are intended to form the magna

charta of Hindostan. Whatever the treaty of Westphalia is to the liberty

of the princes and free cities of the empire, and to the three religions

there professed; whatever the great charter, the statute of tallege, the

petition of right, and the declaration of right, are to Great Britain,

these bills are to the people of India. Of this benefit, I am certain,

their condition is capable; and when I know that they are capable of

more, my vote shall most assuredly be for our giving to the full extent

of their capacity of receiving; and no charter of dominion shall stand

as a bar in my way to their charter of safety and protection.

The strong admission I have made of the company's rights (I am conscious

of it) binds me to do a great deal. I do not presume to condemn those

who argue a priori, against the propriety of leaving such extensive

political powers in the hands of a company of merchants. I know much

is, and much more may be, said against such a system. But, with my

particular ideas and sentiments, I cannot go that way to work. I feel

an insuperable reluctance in giving my hand to destroy any established

institution of government, upon a theory, however plausible it may be.

My experience in life teaches me nothing clear upon the subject. I

have known merchants with the sentiments and the abilities of great

statesmen; and I have seen persons in the rank of statesmen, with

the conceptions and characters of pedlars. Indeed, my observation has

furnished me with nothing that is to be found in any habits of life or

education, which tends wholly to disqualify men for the functions of

government, but that by which the power of exercising those functions

is very frequently obtained, I mean a spirit and habits of low cabal

and intrigue; which I have never, in one instance, seen united with

a capacity for sound and manly policy. To justify us in taking the

administration of their affairs out of the hands of the East-India

Company, on my principles, I must see several conditions. 1st. The

object affected by the abuse should be great and important. 2nd. The

abuse affecting this great object ought to be a great abuse. 3rd. It

ought to be habitual, and not accidental. 4th. It ought to be utterly

incurable in the body as it now stands constituted. All this ought to

be made as visible to me as the light of the sun, before I should strike

off an atom of their charter.

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