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This influx of money, poured into India by an emulation of all the
commercial nations of Europe, encouraged industry and promoted
cultivation in a high degree, notwithstanding the frequent wars with
which that country was harassed, and the vices which existed in its
internal government. On the other hand, the export of so much silver was
sometimes a subject of grudging and uneasiness in Europe, and a commerce
carried on through such a medium to many appeared in speculation of
doubtful advantage. But the practical demands of commerce bore down
those speculative objections. The East India commodities were so
essential for animating all other branches of trade, and for completing
the commercial circle, that all nations contended for it with the
greatest avidity. The English company flourished under this exportation
for a very long series of years. The nation was considerably benefited
both in trade and in revenue; and the dividends of the proprietors were
often high, and always sufficient to keep up the credit of the Company's
stock in heart and vigor.


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