The Russians having conquered Narva, in Livonia in 1558, the first place they possessed in the Baltic, and having established it as a staple port, the following year, according to Milton, in his brief history of Muscovia, the English began to trade to it, “the Lubeckers and Dantzickers having till then concealed that trade from other nations.” The other branches of the Baltic trade also encreased; for it appears by a charter granted by Elizabeth, in 1579, to an Eastland Company, that trade was carried on between England and Norway, Sweden, Poland, Lithuania, Prussia, Pomerania, Dantzic, Elbing, Konigsberg, Copenhagen, Elsinore, and Finland. This company was established in opposition to the Hanseatic merchants; and it seems to have attained its object; for these merchants complained to the Diet of the Empire against England, alleging, that of the 200,000 cloths yearly exported thence, three-fourths went into Denmark, Sweden, Poland, and Germany; the other fourth being sent to the Netherlands and France.
It was not to be supposed that our commerce with Archangel and Narva would long remain without a rival. The Dutch, aware of its importance, prevented by their influence or presents, the Czar from renewing the Russian Company’s privileges. As this trade was become more extensive, and carried off, besides woollen goods, silks, velvets, coarse linen cloth, old silver plate, all kinds of mercery wares, serving for the apparel of both sexes, purses, knives, &c. Elizabeth used her efforts to re-establish the company on its former footing; and a new Czar mounting the throne, she was successful.