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B.2 Ch. 14: Establishing a New East Indian Commercial Company

B.2 Ch. 13: Fraudulent Practises Page of 417 B.2 Ch. 14: Establishing a New East Indian Commercial Company Text size:minusplusRestore normal size  Mail page Print this page
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JOINT FAMILY : BROKERS          book π
the brokers of India. These brokers are commonly, as it were, chiefs of their families, for whom they hold all the joint property in trust to turn it to account. For that reason those qualified by years and experience are selected, so that they may be able to secure benefit to all the kinsmen, being both the depositaries and the guardians of their goods. Every evening, when they return from business, and, according to the custom of the Indians, who do not sup, eat some sweet­meats and drink a cup of water, the oldest of the kinsmen assemble at the house of the broker, who renders an account of what he has done during the day, and they hold counsel together as to what should be done in the future. He is especially exhorted to take care of their business, and if possible to defraud rather than be defrauded.1
CHAPTER XIV
Concerning the Methods to be observed for establishing a new Commercial Company in the East Indies.2
Should any nation desire to establish a Commercial Com­pany in the East Indies, before all things it ought to secure a good station in the country to be in a position to refit its ships, and to lay them by during the seasons when they cannot go to sea. The want of a good harbour is the reason why the English Company has not progressed so well as it might have done, because a vessel cannot last for two years without being refitted, as it is liable to be attacked by worms.
As the route from Europe to the East Indies is long, it is desirable that the Company should have some place at the Cape of Good Hope for watering and obtaining supplies of
1 See an interesting account of the customs of the Hindu brokers at Goa by Caesar Fredericke, Marchant of Venice, in his Voyage and Travell (R. Hakluyt, Principali Navigations, Everyman's Library, iii. 206 f.). As regards rights of property mentioned above, ' the normal state of every Hindu family is Joint. Presumably every such family is Joint in food, worship, and estate ' (J. D. Mayne, Hindu Law and Usage, 2nd ed., 242 f.).
* This chapter is also introduced into the supplementary volume of Taverniere travels entitled Recueil de plusieurs relations et traitez singuliers et curieux, &c, where it is somewhat modified in details.
B.2 Ch. 13: Fraudulent Practises Page of 417 B.2 Ch. 14: Establishing a New East Indian Commercial Company
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