ABSTRACT

It required long-term planning and simultaneously cost control, which was effectively achieved by a deterioration in the servant director relationship, where it was company policy to pay handsome salaries to all of the servants. The Company became a military organization, arranged in concentric circles which milked the territorial revenues. Often, short-term commercial debt remained unpaid after maturity, so it became de facto long-term debt. All of the main East India enterprises included documenting solicitations, which linked advantages likely to accrue from the business of Indian cotton. Edwards shows that the London enterprises were supported by London and Liverpool merchandisers involved in the cotton import trade from Brazil and the West Indies. The attempt to embargo American cotton failed, but a posterior solicitation in May 1813 revealed the superficiality of the East India merchandisers support for the E.E.I.C.