He replied that it had from old time been the opinion of the States of Holland, and always his own, that special and private licenses for traffic, navigation, and foreign commerce, were prejudicial to the welfare of the land.  He had always been most earnestly opposed to them, detesting monopolies which interfered with that free trade and navigation which should be common to all mankind.  He had taken great pains however in the years 1596 and 1597 to study the nature of the navigation and trade to the East Indies in regard to the nations to be dealt with in those regions, the nature of the wares bought and sold there, the opposition to be encountered from the Spaniards and Portuguese against the commerce of the Netherlanders, and the necessity of equipping vessels both for traffic and defence, and had come to the conclusion that these matters could best be directed by a general company.  He explained in detail the manner in which he had procured the blending of all the isolated chambers into one great East India Corporation, the enormous pains which it had cost him to bring it about, and the great commercial and national success which had been the result.  The Admiral of Aragon, when a prisoner after the battle of Nieuwpoort, had told him, he said, that the union of these petty corporations into one great whole had been as disastrous a blow to the kingdoms of Spain and Portugal as the Union of the Provinces at Utrecht had been.  In regard to the West India Company, its sole object, so far as he could comprehend it, had been to equip armed vessels, not for trade but to capture and plunder Spanish merchantmen and silver fleets in the West Indies and South America.  This was an advantageous war measure which he had favoured while the war lasted.  It was in no sense a commercial scheme however, and when the Truce had been made—­the company not having come into existence—­he failed to comprehend how its formation could be profitable for the Netherlanders.  On the contrary it would expressly invite or irritate the Spaniards into a resumption of the war, an object which in his humble opinion was not at all desirable.

Certainly these ideas were not especially reprehensible, but had they been as shallow and despicable as they seem to us enlightened, it is passing strange that they should have furnished matter for a criminal prosecution.

It was doubtless a disappointment for the promoters of the company, the chief of whom was a bankrupt, to fail in obtaining their charter, but it was scarcely high-treason to oppose it.  There is no doubt however that the disapprobation with which Barneveld regarded the West India Company, the seat of which was at Amsterdam, was a leading cause of the deadly hostility entertained for him by the great commercial metropolis.

It was bad enough for the Advocate to oppose unconditional predestination and the damnation of infants, but to frustrate a magnificent system of privateering on the Spaniards in time of truce was an unpardonable crime.