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A country so exhausted of its coin, and harassed by three
revolutions rapidly succeeding each other, was rather an object that
stood in need of every kind of refreshment and recruit than one which
could subsist under new evacuations. The next, and equally obvious
inconvenience, was to the Company itself. To send silver into Europe
would be to send it from the best to the worst market. When arrived, the
most profitable use which could be made of it would be to send it back
to Bengal for the purchase of Indian merchandise. It was necessary,
therefore, to turn the Company's revenue into its commerce. The first
investment was about five hundred thousand pounds, and care was taken
afterwards to enlarge it. In the years 1767 and 1768 it arose to seven
hundred thousand.
[Sidenote: Consequences of them.]
This new system of trade, carried on through the medium of power and
public revenue, very soon produced its natural effects. The loudest
complaints arose among the natives, and among all the foreigners who
traded to Bengal.


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