File:The history of England, from the accession of James the Second (1914) (14780724294).jpg

Identifier: historyofenglandm05macauoft (find matches)
Title: The history of England, from the accession of James the Second
Year: 1914 (1910s)
Authors: Macaulay, Thomas Babington Macaulay, Baron, 1800-1859 Firth, C. H. (Charles Harding), 1857-1936
Subjects: Great Britain -- History James II, 1685-1688 Great Britain -- History William and Mary, 1689-1702
Publisher: London : Macmillan
Contributing Library: Robarts - University of Toronto
Digitizing Sponsor: MSN

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, borrow money atsix per cent, and the borrowed money, thrown into the trade, produced,it was rumoured, thirty per cent. The profits were such that, in 1676,every proprietor received as a bonus a quantity of stock equal to thatwhich he held. On the capital, thus doubled, were paid, during five ^A curious engraving of the India House of the seventeenth century will be found in theGentlemans Magazine for December 1784. 2 It is a curious fact, which I do not remember to have ever seen noticed, that tea came intofashion, and, after a short time, went out of fashion, at Paris, some years before the name appearsto have been known in London. Cardinal Mazarin and the Chancellor Seguier were great teadrinkers. See the letters of Qui Patin to Charles Spon, dated March 10. and 22. 1648, andApril I. 1657. Patin calls the taste for tea Iimpertinente nouveaute cu siecle. ^ See Davenants Letter to Mulgrave. * Answer to Two Letters concerning the East India Company, 1676.
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; //^/Eaft India Houlc ^^/Lcaden-hall Street LONDON./^^.u ? v,AU>r^////^A:. ^7//i^;/; V^:>/^, ^^^^^^/^ /y^.vy^//^- Kwc.. n *,..... -,.,,1 .11 rVwffo i^f Tr.A/nt^r« workc done L Allfo Counters and .ill forts of Jovners worke done at llcaronablc Rates THE EAST INDIA HOUSE IN LEADENHALL STREETFrom an engraving in the British Museum ,,, niST(M^Y OF ENGLAND chap, xvm years, dividends ainoiiiiting on an averay^e to twenty per cent annually.There had been a lime when a lunulred pounds of the stock could bepurchased for sixt\-. Mvcn in 1064 the price in the market was onlyseventy. But in 1677 the price had risen to two hundred and forty five:in 168 I it was three hundred : it subsequently rose to three hundredand sixty; and it is said that some sales were effected at five hundred.^The enormous trains of the Indian trade mii^ht perhaps have excitedlittle murmurini^ if the> had been distributed among numerous pro-prietors. Hut, while the \alue of the stock went on increasing, thenumbe

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