598 A. D. i68o-. 



* time con fumed to the value of L300,ooo yearly in thofe Eafl-Tndia 

 ' manufodured goods, including printed and painted calicoes, foi- 

 ' clothes, beds, hangings, &c : that the company annually export from 

 ' L20o,ooo to L6oO;COO in bullion : that their trade is now increaied 

 ' to near one quarter part of the whole trade of the nation : that the 

 ' company find it more for their particular advantage to take up from 

 ' 6 to Lyoopoo on their common feal for carrying on their trade, than. 



* to enlarge their capital flock, thereby reaping to themfelves, not only 

 ' the gains which they make on their own money, but likewife of the 

 ' treafure of the nation, allowing to the lenders 4 or 5 per cent *, and 

 ' dividing amongfl themfelves what they pleafe, which now, within 

 ' thefe lafl twelve or fifteen months has been 90 per cent. And up- 

 ' on an exad inquiry, it will be found that this ftock is fo engrofled^ 

 ' that about ten or twelve men have the abfolute management, and that 

 ' about forty perfons divide the major part of the gains, which this lall 

 ' year has been to fome one man Lao.ooo, to others L 10,000 apiece.' 



The Turkey con.pany alfo preferred their ufual complaint againll 

 their importation of raw filk : fo between thofe two, the India com- 

 pany was neither to import raw nor wrought filks ; yet the grand com- 

 mittee for trade, to whom that houfe referred it, did nothing material 

 at that time. 



We have fliewn, under the year 1676, that its capital ftock, by doubl- 

 ing, was then made up to L,']2g,yS2 : 10. Thus we may fee how hard 

 it is to come at the real truth in difputes of any kind, and raoft of all 

 where property or intereft is affedted. 



This year gave rife to the noble Englifli colony of Pennfylvania in 

 North America. Sir William Penn, an admiral, had obtained a pro- 

 mife from King Charles II of a grant of this country ; but he dying 

 loon after, his fon Wilham Penn, an eminent quaker, and a gentleman 

 of great knowlege and true philofophy, had it granted to him at this 

 time, his charter being dated on the 28th of February 1680 ; and he 

 defigned it for a retreat for the people of his religious perfuafion, then 

 made uneafy at home through the bigotry of fpiritual courts, &c. Mr. 

 Penn, therefor, carried thither with him a large embarkation of thofe 

 quakers, and was afterwards from time to time joined by many more 

 from Britain and Ireland. At his firft arrival there, he found many 

 EngliOi families, and confiderable numbers of Dutch and Swedes, 

 who all readily fubmitted to his wife and excellent regulations, which 

 highly merit to be known by all perfons who would apply to colonizing. 

 The true wifdom, as well as equity of his unlimited toleration of all re- 

 ligious perfuafions, as well as his kind, juft, and prudent, treatment of 



* This differs from the affertion of the preceding authof, that they could have what money they 

 pleafcd at 3 per cent, yl- 



