Peter Faneuil (June 20, 1700 – March 3, 1743) was a wealthy American colonial merchant, slave trader and philanthropist who donated Faneuil Hall to Boston .
76-477: Faneuil may refer to: Peter Faneuil , (1700–1743), prominent American Faneuil Hall , a meeting hall in Boston, Massachusetts Peter Faneuil School , Boston, Massachusetts Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Faneuil . If an internal link led you here, you may wish to change
152-481: A Beacon Street mansion. Writing to his London partners to inform them of his uncle's death, he also requested five pipes of Madeira wine : "As this wine is for the use of my house, I hope you will be careful that I have the best." Soon thereafter, he requested a "handsome chariot" emblazoned with the family crest, accompanied by a coachman unlikely "to be debauched with strong drink, rum, etc." as were most European servants. He also asked for "the latest, best book of
228-611: A group of prominent merchants and explorers met to discuss a potential East Indies venture under a royal charter . Besides Fitch and Lancaster, the group included Stephen Soame , then Lord Mayor of London ; Thomas Smythe , a powerful London politician and administrator who had established the Levant Company ; Richard Hakluyt , writer and proponent of British colonization of the Americas ; and several other sea-farers who had served with Drake and Raleigh. On 22 September,
304-497: A hero; his circumnavigation raised an enormous amount of money for England's coffers, and investors received a return of some 5,000 per cent. Thus started an important element in the eastern design during the late sixteenth century. Soon after the Spanish Armada 's defeat in 1588, the captured Spanish and Portuguese ships and cargoes enabled English voyagers to travel the globe in search of riches. London merchants presented
380-568: A nobleman, as hospitably as a bishop, and as charitably as an apostle." British East India Company The East India Company ( EIC ) (1600–1874) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region , initially with the East Indies (South Asia and Southeast Asia), and later with East Asia. The company gained control of large parts of
456-621: A petition to Elizabeth I for permission to sail to the Indian Ocean. The aim was to deliver a decisive blow to the Spanish and Portuguese monopoly of far-eastern trade. Elizabeth granted her permission and in 1591, James Lancaster in the Bonaventure with two other ships, financed by the Levant Company , sailed from England around the Cape of Good Hope to the Arabian Sea , becoming
532-568: A private fleet of 200 ships. It specialised in the spice trade and gave its shareholders 40% annual dividend. The British East India Company was fiercely competitive with the Dutch and French throughout the 17th and 18th centuries over spices from the Spice Islands . Some spices, at the time, could only be found on these islands, such as nutmeg and cloves; and they could bring profits as high as 400 per cent from one voyage. The tension
608-719: A relative of the Grand Mughal , though there is no evidence to suggest that it was his daughter and her retinue. The loot from the Ganj-i-Sawai had a total value between £325,000 and £600,000, including 500,000 gold and silver pieces, and has become known as the richest ship ever taken by pirates. When the news arrived in England it caused an outcry. To appease Aurangzeb, the East India Company promised to pay all financial reparations, while Parliament declared
684-604: A share of the enormous Faneuil fortune, which in addition to ships, shops, and a mansion in Tremont Street included £14,000 in East India Company stock. During his uncle's final illness Peter managed Andrew's business as well as his own. Peter, who was swarthy, stocky, and disabled since childhood, remained single, inheriting most of the fortune. Peter became—despite handsome bequests to his sisters—one of America's wealthiest men, living sumptuously in
760-717: A trade that was lawful at the time. Faneuil died unmarried in Boston of dropsy on March 3, 1743, at the age of 42. He was interred in the Granary Burying Ground . He left his fortune, including five enslaved black people and 195 dozen bottles of wine, to his sister Mary and brother Benjamin Jr. (who was later to become a Loyalist in the American Revolution). 19th-century historian Lucius M. Sargent said of Peter Faneuil that he "lived as magnificently as
836-516: A very ample fortune and a most generous spirit," his "noble benefaction to his town and constant employment of a great number of tradesmen, artificers, and laborers, to whom he was a liberal paymaster . . . made his life a public blessing, and his death a general loss." In Faneuil's case such praise was more than routine kindness to the recently deceased. He donated liberally to the Episcopal Charitable Society, an endowment for
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#1732779783752912-637: A young Mughal Prince as Emperor with the Company as the de jure protectors of the Empire from their position of direct control in Bengal. This relationship was repeatedly strained as the Company continued its expansion and exploitation, however it lasted in some form until 1858 when the last Mughal Emperor was exiled as the Company was disbanded and its assets were taken over by the British Crown. In 1634,
988-492: Is dwarfed by the Quincy Market complex built behind it in the nineteenth century. Although Faneuil enjoyed the good life, his contemporaries and posterity honor him most highly as a public benefactor. John Lovell, who gave his funeral eulogy, said that Faneuil "fed the hungry and he cloathed the naked, he comforted the fatherless, and the widows in their affliction." An obituary noted that he was "a gentleman, possessed of
1064-596: Is known of Peter's boyhood. His father, prominent and fairly well-to-do, died in 1719 when Peter was 18, and soon Peter, his brother, Benjamin Jr., and his sister Mary moved to Boston. Their widowed, childless uncle Andrew had become one of New England's wealthiest men through shrewd trading and Boston real estate investments. Andrew may have formally adopted his two nephews. Peter Faneuil's first claim to fame occurred in 1728 when he helped his brother-in-law Henry Phillips escape to France after he killed Benjamin Woodbridge in
1140-697: The Fancy , reached the Straits of Bab-el-Mandeb , where he teamed up with five other pirate captains to make an attack on the Indian fleet returning from the annual pilgrimage to Mecca . The Mughal convoy included the treasure-laden Ganj-i-Sawai , reported to be the greatest in the Mughal fleet and the largest ship operational in the Indian Ocean, and its escort, the Fateh Muhammed . They were spotted passing
1216-734: The Golden Hind he achieved this, and then sailed across the Pacific Ocean in 1579, known then only to the Spanish and Portuguese. Drake eventually sailed into the East Indies and came across the Moluccas , also known as the Spice Islands, and met Sultan Babullah . In exchange for linen, gold, and silver, the English obtained a large haul of exotic spices, including cloves and nutmeg. Drake returned to England in 1580 and became
1292-570: The China , India, and Japan trade routes. In 1596, three more English ships sailed east but all were lost at sea. A year later however saw the arrival of Ralph Fitch , an adventurer merchant who, with his companions, had made a remarkable nine year overland journey to Mesopotamia , the Persian Gulf , the Indian Ocean, India and Southeast Asia. Fitch was consulted on Indian affairs and gave even more valuable information to Lancaster. In 1599,
1368-601: The English Company Trading to the East Indies ) was floated under a state-backed indemnity of £2 million. The powerful stockholders of the old company quickly subscribed a sum of £315,000 in the new concern, and dominated the new body. The two companies wrestled with each other for some time, both in England and in India, for a dominant share of the trade. It quickly became evident that, in practice,
1444-682: The First Opium War in 1839, which involved a succession of British naval attacks along the Chinese coast over the course of several months. As part of the Treaty of Nanjing in 1842, the Qing were forced to give British merchants special treatment and the right to sell opium. The Chinese also ceded territory to the British, including the island of Hong Kong . The prosperity that the officers of
1520-712: The Straits of Malacca by ousting the Portuguese in 1640–1641. With reduced Portuguese and Spanish influence in the region, the EIC and VOC entered a period of intense competition, resulting in the Anglo-Dutch wars of the 17th and 18th centuries. The British were also interested in trans-Himalayan trade routes, as they would create access to untapped markets for British manufactured goods in Tibet and China. This economic interest
1596-638: The West Indies and brought molasses and sugar to the colonies . He handled merchandise from Europe and the Caribbean, exported rum, fish, and produce, and engaged in shipbuilding. When he ventured both ship and cargo in transatlantic or coastal commerce, he customarily shared the risk with others. Charging 5% for handling consignments, he used advanced business methods and kept careful records. Fishing-grounds agents kept him informed of market prices and furthered his commercial connections. Not all of his trade
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#17327797837521672-441: The 1770s in exchange for goods like porcelain and tea , causing a series of opioid addiction outbreaks across China in 1820. The ruling Qing dynasty outlawed the opium trade in 1796 and 1800, but British merchants continued illegally nonetheless. The Qing took measures to prevent the East India Company from selling opium, and destroyed tens of thousands of chests of opium already in the country. This series of events led to
1748-717: The British state and the Royal Navy in the form of the West Africa Squadron , which discovered various ships had contained evidence of the illegal trade. In 1613, during the rule of Tokugawa Hidetada of the Tokugawa shogunate , the British ship Clove , under the command of Captain John Saris , was the first English ship to call on Japan. Saris was the chief factor of the EIC's trading post in Java, and with
1824-477: The Dutch. This compelled the company to formally abandon their efforts in the Spice Islands, and turn their attention to Bengal where, by this time, they were making steady, if less exciting, profits. After gaining the indifferent patronage of the Mughal Empire , whose cities were 'the megacities of their time' and whose wealth was unrivaled outside of Asia in the 17th Century, the Company's first century in
1900-539: The EIC surrendered in 1690, and the company sent envoys to Aurangzeb 's camp to plead for a pardon. The company's envoys had to prostrate themselves before the emperor, pay a large indemnity, and promise better behaviour in the future. The emperor withdrew his troops, and the company subsequently re-established itself in Bombay and set up a new base in Calcutta. The East India Company's archives suggest its involvement in
1976-556: The East Indies . For a period of fifteen years, the charter awarded the company a monopoly on English trade with all countries east of the Cape of Good Hope and west of the Straits of Magellan . Any traders there without a licence from the company were liable to forfeiture of their ships and cargo (half of which would go to the Crown and half to the company), as well as imprisonment at the "royal pleasure." The charter named Thomas Smythe as
2052-587: The Indian Ocean. The company achieved a major victory over the Portuguese in the Battle of Swally in 1612, at Suvali in Surat . The company decided to explore the feasibility of a foothold in mainland India, with official sanction from both Britain and the Mughal Empire , and requested that the Crown launch a diplomatic mission. Company ships docked at Surat in Gujarat in 1608. The company's first Indian factory
2128-530: The Indian subcontinent and Hong Kong . At its peak, the company was the largest corporation in the world by various measures and had its own armed forces in the form of the company's three presidency armies , totalling about 260,000 soldiers, twice the size of the British Army at certain times. Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies,"
2204-488: The Mughal emperor Shah Jahan extended his hospitality to the English traders to the richest region of the Mutual Empire Bengal , and in 1717 customs duties were completely waived for the English in Bengal. The company's mainstay businesses were by then cotton, silk, opium, indigo dye , saltpetre , and tea. The Dutch were aggressive competitors and had meanwhile expanded their monopoly of the spice trade in
2280-863: The Mughal-ruled areas was spent cultivating their relationship with the Mughal Dynasty, and conducting peaceful trade at great profit. At first it should be said the EIC was drawn into the Mughal system, acting as a kind of vassal to Mughal authority in present-day Bangladesh: from this position that the EIC would ultimately outplay and outmaneuver everyone else in the region, to eventually use that same system to hold power. What started as trading posts on undesirable land were developed into sprawling factory complexes with hundreds of workers sending exotic goods to England and managing protected points to export English finished goods to local merchants. The Company's initial rise in Bengal and successes generally came at
2356-1096: The assistance of William Adams , an English sailor who had arrived in Japan in 1600, he was able to gain permission from the ruler to establish a commercial house in Hirado on the Japanese island of Kyushu : We give free license to the subjects of the King of Great Britaine, Sir Thomas Smythe, Governor and Company of the East Indian Merchants and Adventurers forever safely come into any of our ports of our Empire of Japan with their shippes and merchandise, without any hindrance to them or their goods, and to abide, buy, sell and barter according to their own manner with all nations, to tarry here as long as they think good, and to depart at their pleasure. Unable to obtain Japanese raw silk for export to China, and with their trading area reduced to Hirado and Nagasaki from 1616 onwards,
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2432-540: The chaos widened and the stakes were raised. Ultimately, the company won out, generally through as much diplomacy and state-craft(fraud and deception). The gradual rise of the EIC within the Mughal network culminated in the Second Anglo-Maratha War , in which the Company successfully ousted the Empire's official protectors in the Maratha, the Maratha high water point in their rise to power, and installed
2508-580: The coast of China that helped secure EIC ports in China, independently attacking the Portuguese in the Persian Gulf Residencies primarily for political reasons. The company established trading posts in Surat (1619) and Madras (1639). By 1647, the company had 23 factories and settlements in India, and 90 employees. Many of the major factories became some of the most populated and commercially influential cities in Bengal, including
2584-611: The company closed its factory in 1623. The first of the Anglo-Indian wars occurred in 1686 when the company conducted naval operations against Shaista Khan , the governor of Mughal Bengal . This led to the siege of Bombay and the subsequent intervention of the Mughal Emperor, Aurangzeb . Subsequently, the English company was defeated and fined. In September 1695, Captain Henry Every , an English pirate on board
2660-574: The company enjoyed allowed them to return to Britain and establish sprawling estates and businesses, and to obtain political power, such as seats in the House of Commons. Ship captains sold their appointments to successors for up to £500. As recruits aimed to return to Britain wealthy by securing Indian money, their loyalties to their homeland increased. The company developed a lobby in the English parliament. Pressure from ambitious tradesmen and former company associates (pejoratively termed Interlopers by
2736-611: The company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton , silk , indigo dye , sugar , salt , spices , saltpetre , tea , and later, opium . The company also initiated the beginnings of the British Raj in the Indian subcontinent . The company eventually came to rule large areas of the Indian subcontinent, exercising military power and assuming administrative functions. Company-ruled areas in
2812-555: The company's factories in India and imprison their officers, who were almost lynched by a mob of angry Mughals , blaming them for their countryman's depredations, and threatened to put an end to all English trading in India. To appease Emperor Aurangzeb and particularly his Grand Vizier Asad Khan , Parliament exempted Every from all of the Acts of Grace (pardons) and amnesties it would subsequently issue to other pirates. The East India Company started selling opium to Chinese merchants in
2888-518: The company), who wanted to establish private trading firms in India, led to the passing of the deregulating act in 1694. This act allowed any English firm to trade with India, unless specifically prohibited by act of parliament, thereby annulling the charter that had been in force for almost 100 years. When the East India Company Act 1697 ( 9 Will. 3 . c. 44) was passed in 1697, a new "parallel" East India Company (officially titled
2964-400: The continent as they individually contended with others, steadily amassing more land and power in India to themselves. In the 18th Century, the primary source of the Company's profits in Bengal became taxation in conquered and controlled provinces, as the factories became fortresses and administrative hubs for networks of tax collectors that expanded into enormous cities. The Mughal Empire was
3040-500: The eighteenth century whether a centralized market was preferable to peddling in the streets, bringing conveniences such as home delivery but also inconveniences including noisy push-cart hucksters and higher prices. Markets built by the town had been destroyed by a mob disguised as clergymen in 1737. Only by a vote of 367 to 360 did the Boston Town Meeting accept Faneuil's offer. The building took two years to construct and
3116-589: The eldest child of one of three Huguenot brothers who fled France with considerable wealth after the 1685 revocation of the Edict of Nantes . Having emigrated to America about a decade earlier and become freemen of Massachusetts Bay in 1691, Peter's father, Benjamin, and his uncle, Andrew, had subsequently been early settlers of New Rochelle. Shortly thereafter, Andrew made Boston his permanent residence. Benjamin married Anne Bureau in 1699, and they had at least two sons and three daughters who lived to maturity. Little
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3192-480: The expense of competing European powers through the art of currying favors and well-placed bribes, as the company was matched at every step with French expansion in the region (whose equivalent company carried substantial royal support). See French East India Company . Throughout the entire century the company only resorted to force against the Mughals once, with terrible consequences. The Anglo-Mughal war (1686–1690)
3268-404: The families of the deceased clergymen of Trinity Church , to which he belonged, and was treasurer of the project to build the present King's Chapel . Other wealthy Boston Anglicans apparently lacked his fervor, for the project languished for five years after his death following his gift of £200 sterling. Evidently little is known of Faneuil's treatment of his own slaves, only that he engaged in
3344-530: The first East India Company voyage in 1601 aboard Red Dragon . The following year, whilst sailing in the Malacca Straits , Lancaster took the rich 1,200 ton Portuguese carrack Sao Thome carrying pepper and spices. The booty enabled the voyagers to set up two " factories " (trading posts) – one at Bantam on Java and another in the Moluccas (Spice Islands) before leaving. On return to England in 1603, they learned of Elizabeth's death, but Lancaster
3420-596: The first English expedition to reach India that way. Having sailed around Cape Comorin to the Malay Peninsula , they preyed on Spanish and Portuguese ships there before returning to England in 1594. The biggest prize that galvanised English trade was the seizure of a large Portuguese carrack , the Madre de Deus , by Walter Raleigh and the Earl of Cumberland at the Battle of Flores on 13 August 1592. When she
3496-506: The first duel ever to take place in Boston. Peter Faneuil entered Boston's commission and shipping business and soon proved a competent trader, assisting his uncle in running a lucrative mercantile establishment that traded with Antigua , Barbados , Spain , the Canary Islands , and England , only a few of the places from which Faneuil's correspondence survives. Prominent in the triangular trade , Peter shipped enslaved people to
3572-711: The first governor of the company, and 24 directors (including James Lancaster) or "committees", who made up a Court of Directors. They, in turn, reported to a Court of Proprietors, who appointed them. Ten committees reported to the Court of Directors. By tradition, business was initially transacted at the Nags Head Inn, opposite St Botolph's church in Bishopsgate , before moving to East India House in Leadenhall Street . Sir James Lancaster commanded
3648-458: The group stated their intention "to venture in the pretended voyage to the East Indies (the which it may please the Lord to prosper)" and to themselves invest £30,133 (over £4,000,000 in today's money). Two days later, the "Adventurers" reconvened and resolved to apply to the Queen for support of the project. Although their first attempt had not been completely successful, they sought the Queen's unofficial approval to continue. They bought ships for
3724-448: The imperial patronage, soon expanded its commercial trading operations. It eclipsed the Portuguese Estado da Índia , which had established bases in Goa , Chittagong , and Bombay ; Portugal later ceded Bombay to England as part of the dowry of Catherine of Braganza on her marriage to King Charles II . The East India Company also launched a joint attack with the Dutch United East India Company (VOC) on Portuguese and Spanish ships off
3800-468: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Faneuil&oldid=932821955 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Peter Faneuil Peter Faneuil was born on June 20, 1700, in New Rochelle, New York , to Benjamin Faneuil and Anne Bureau,
3876-402: The original company faced scarcely any measurable competition. The companies merged in 1708, by a tripartite indenture involving both companies and the state, with the charter and agreement for the new United Company of Merchants of England Trading to the East Indies being awarded by Sidney Godolphin, 1st Earl of Godolphin . Under this arrangement, the merged company lent a sum of £3,200,000 to
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#17327797837523952-476: The pirates hostis humani generis ("the enemy of humanity"). In mid-1696 the government issued a £500 bounty on Every's head and offered a free pardon to any informer who disclosed his whereabouts. The first worldwide manhunt in recorded history was underway. The plunder of Aurangzeb's treasure ship had serious consequences for the English East India Company. The furious Mughal Emperor Aurangzeb ordered Sidi Yaqub and Nawab Daud Khan to attack and close four of
4028-409: The power of the EIC, King Charles II granted the EIC (in a series of five acts around 1670) the rights to autonomous territorial acquisitions, to mint money, to command fortresses and troops and form alliances, to make war and peace, and to exercise both civil and criminal jurisdiction over the acquired areas. In 1689, a Mughal fleet commanded by Sidi Yaqub attacked Bombay. After a year of resistance
4104-445: The pre-1707 Mughal fiefs and holdings, with their capital Delhi routinely under the control of Maratha, Afghan, or usurper generals' armies. The EIC was able to take advantage of this chaos, slowly assuming direct control of the province of Bengal , and fighting numerous wars against the French for control of the east coast. The Company's position in the Mughal court as it fell apart made it possible to sponsor various powerful people on
4180-562: The region gradually expanded after the Battle of Plassey in 1757 and by 1858 most of modern India, Pakistan and Bangladesh was either ruled by the company or princely states closely tied to it by treaty. Following the Sepoy Rebellion of 1857 , the Government of India Act 1858 led to the British Crown assuming direct control of present-day Bangladesh, Pakistan and India in the form of the new British Indian Empire . The company subsequently experienced recurring problems with its finances, despite frequent government intervention. The company
4256-456: The region's battlefields for a thousand years, with cannon so well integrated that the Mughals fought with cannon mounted on elephants; all were no match to line infantry with decent discipline supported with field cannon. Repeatedly, a few thousand company sepoys fought vastly larger Mughal forces numerically and came out victorious. Afghan, Mughal, and Maratha factions started creating their own European-style forces, often with French equipment, as
4332-407: The richest in the world in 1700, and the East India Company tried to strip it bare for a century thereafter. Dalrymple calls it "the single largest transfer of wealth until the Nazis." What was in the 17th century the production capital of the world for textiles was forced to become a market for British-made textiles. Statues, jewels, and various other valuables were moved from the palaces of Bengal to
4408-409: The several sorts of cookery, which pray let be of the largest characters, for the benefit of the maid's reading." Most noteworthy was Faneuil's gift to the town of Boston of Faneuil Hall , which opened in September 1742, scarcely six months before his death. In July 1740 Faneuil had offered the town a large market building. This offer was by no means uncontroversial: Bostonians had debated throughout
4484-405: The slave trade began in 1684, when a Captain Robert Knox was ordered to buy and transport 250 slaves from Madagascar to St. Helena . The East India Company began using and transporting slaves in Asia and the Atlantic in the early 1620s, according to the Encyclopædia Britannica, or in 1621, according to Richard Allen. Eventually, the company ended the trade in 1834 after numerous legal threats from
4560-408: The straits en route to Surat . The pirates gave chase and caught up with the Fateh Muhammed some days later, and meeting little resistance, took some £40,000 of silver. Every continued in pursuit and managed to overhaul Ganj-i-Sawai , which resisted strongly before eventually striking . Ganj-i-Sawai carried enormous wealth and, according to contemporary East India Company sources, was carrying
4636-424: The townhouses of the English countryside. Bengal in particular suffered the worst of Company tax farming, highlighted by the Great Bengal famine of 1770 . The primary tool of expansion for the company was the Sepoy. The Sepoys were locally raised, mostly Muslim, soldiers with European training and equipment, who changed warfare in present-day South Asia. Mounted forces and their superior mobility had been king on
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#17327797837524712-488: The upper hand by establishing a stronghold in the spice islands (now Indonesia), enforcing a near-monopoly through aggressive policies that eventually drove the EIC to seek trade opportunities in India instead. The English company opened a factory (trading post) in Bantam on Java on its first voyage, and imports of pepper from Java remained an important part of the company's trade for twenty years. English traders frequently fought their Dutch and Portuguese counterparts in
4788-563: The venture and increased their investment to £68,373. They convened again a year later, on 31 December 1600, and this time they succeeded; the Queen responded favourably to a petition by George, Earl of Cumberland and 218 others, including James Lancaster, Sir John Harte , Sir John Spencer (both of whom had been Lord Mayor of London ), the adventurer Edward Michelborne , the nobleman William Cavendish and other aldermen and citizens. She granted her charter to their corporation named Governor and Company of Merchants of London trading into
4864-412: The walled forts of Fort William in Bengal, Fort St George in Madras, and Bombay Castle . The first century of the Company, despite its original profits coming primarily from piracy in the Spice Islands between competing European powers and their companies, saw the East India Company change focus after suffering a major setback in 1623 when their factory in Amboyna in the Moluccas was attacked by
4940-433: Was a complete defeat, ending when the EIC effectively swore fealty to the Mughals to get their factories back. The East India Company's fortunes changed for the better in 1707 when Bengal and other regions under Mughal rule fell into anarchy after the death of the Mughal Emperor Aurangzeb . A series of large-scale rebellions, and the collapse of the Mughal taxation system led to the effective independence of virtually all of
5016-411: Was brought in to Dartmouth she was the largest vessel ever seen in England and she carried chests of jewels, pearls, gold, silver coins, ambergris , cloth, tapestries, pepper, cloves, cinnamon, nutmeg, benjamin (a highly aromatic balsamic resin used for perfumes and medicines), red dye, cochineal and ebony. Equally valuable was the ship's rutter (mariner's handbook) containing vital information on
5092-480: Was dissolved in 1874 under the terms of the East India Stock Dividend Redemption Act enacted one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of the British Empire had assumed its governmental functions and absorbed its armies. In 1577, Francis Drake set out on an expedition from England to plunder Spanish settlements in South America in search of gold and silver. Sailing in
5168-433: Was established in 1611 at Masulipatnam on the Andhra Coast of the Bay of Bengal , and its second in 1615 at Surat. The high profits reported by the company after landing in India initially prompted James I to grant subsidiary licences to other trading companies in England. However, in 1609, he renewed the East India Company's charter for an indefinite period, with the proviso that its privileges would be annulled if trade
5244-1113: Was highly successful, and Jahangir sent a letter to James through Sir Thomas Roe: Upon which assurance of your royal love I have given my general command to all the kingdoms and ports of my dominions to receive all the merchants of the English nation as the subjects of my friend; that in what place soever they choose to live, they may have free liberty without any restraint; and at what port soever they shall arrive, that neither Portugal nor any other shall dare to molest their quiet; and in what city soever they shall have residence, I have commanded all my governors and captains to give them freedom answerable to their own desires; to sell, buy, and to transport into their country at their pleasure. For confirmation of our love and friendship, I desire your Majesty to command your merchants to bring in their ships of all sorts of rarities and rich goods fit for my palace; and that you be pleased to send me your royal letters by every opportunity, that I may rejoice in your health and prosperous affairs; that our friendship may be interchanged and eternal. The company, which benefited from
5320-572: Was knighted by the new king, James I , on account of the voyage's success. By this time, the war with Spain had ended but the company had profitably breached the Spanish-Portuguese duopoly; new horizons opened for the English. In March 1604, Sir Henry Middleton commanded the company's second voyage . General William Keeling , a captain during the second voyage, led the third voyage aboard Red Dragon from 1607 to 1610 along with Hector under Captain William Hawkins and Consent under Captain David Middleton . Early in 1608, Alexander Sharpeigh
5396-436: Was legal. When in 1736 his ship Providence was seized for exchanging fish and oil for French gold, he complained that only the "caprice" of the admiralty judge, a "Vile" man, was responsible for "Impositions" on a "fair trader" that was "in no way founded on law and justice." A childless widower, Andrew Faneuil for some reason threatened to disinherit either of his two nephews if they married. Benjamin Jr. preferred wedlock to
5472-577: Was made captain of the company's Ascension , and general or commander of the fourth voyage. Thereafter two ships, Ascension and Union (captained by Richard Rowles), sailed from Woolwich on 14 March 1608. This expedition was lost. Initially, the company struggled in the spice trade because of competition from the well-established Dutch East India Company . This rivalry led to military skirmishes, with each company establishing fortified trading posts, fleets, and alliances with local rulers. The Dutch, better financed and supported by their government, gained
5548-593: Was named for Faneuil after his death. It was gutted by fire in March 1761; the walls remained, but the interior structure, to which the town meeting frequently adjourned to protest British policy as the American Revolution approached, was added after the fire. The room above the market stalls became a civic center where so many prerevolutionary meetings were held that Faneuil Hall became known as America's "Cradle of Liberty." Faneuil Hall still stands, although it
5624-603: Was showcased by the Anglo-Nepalese war (1814–1816). The Draft History of the Qing records the Chinese Qing dynasty as formally commencing trade with the British in 1698. Within the first two decades of the 17th century, the Dutch East India Company or Vereenigde Oostindische Compagnie , (VOC) was the wealthiest commercial operation in the world with 50,000 employees worldwide and
5700-527: Was so high between the Dutch and the British East Indies Trading Companies that it escalated into at least four Anglo-Dutch wars: 1652–1654, 1665–1667, 1672–1674 and 1780–1784. Competition arose in 1635 when Charles I granted a trading licence to Sir William Courteen , which permitted the rival Courteen association to trade with the east at any location in which the EIC had no presence. In an act aimed at strengthening
5776-688: Was unprofitable for three consecutive years. In 1615, James I instructed Sir Thomas Roe to visit the Mughal Emperor Nur-ud-din Salim Jahangir (r. 1605–1627) to arrange for a commercial treaty that would give the company exclusive rights to reside and establish factories in Surat and other areas. In return, the company offered to provide the Emperor with goods and rarities from the European market. This mission
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