[Sidenote: How trade carried on since.]
But at or very soon after the acquisition of the territorial revenues to
the English company, the period of which may be reckoned as completed
about the year 1765, a very great revolution took place in commerce as
well as in dominion; and it was a revolution which affected the trade of
Hindostan with all other European nations, as well as with that in whose
favor and by whose power it was accomplished. From that time bullion was
no longer regularly exported by the English East India Company to
Bengal, or any part of Hindostan; and it was soon exported in much
smaller quantities by any other nation. A new way of supplying the
market of Europe, by means of the British power and influence, was
invented: a species of trade (if such it may be called) by which it is
absolutely impossible that India should not be radically and
irretrievably ruined, although our possessions there were to be ordered
and governed upon principles diametrically opposite to those which now
prevail in the system and practice of the British company's
administration.
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