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Burke, Edmund, 1729-1797

"The Works of the Right Honourable Edmund Burke, Vol. 08 (of 12)"

We have passed this resolution,
which we deem of importance, from a persuasion that private merchants
are often _induced_ to make advances for Dacca goods, not by the
ordinary chance of sale, but merely from an expectation of disposing of
them at an enhanced price to the Company, against _whom a rivalship_ is
by this manner encouraged"; and they say, "that they intend to observe
the _same_ rule with respect to the investment of other of the factories
from whence similar complaints may come."
This positive rule is opposed to the positive directions of the Company
to employ those obnoxious persons by preference. How far this violent
use of authority for the purpose of destroying rivalship has succeeded
in reducing the price of goods to the Company has been made manifest by
the facts before stated in their place.
The recriminatory charges of the Company's agents on the native
merchants have made very little impression on your Committee. We have
nothing in favor of them, but the assertion of a party powerful and
interested.


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