thousand florins, except the directors for Hoorn and Enkhuizen, of whom only three thousand should be required.  The general assembly of these chambers should consist of seventeen directors, eight for Amsterdam, four for Zeeland, two for the Meuse, and two for the north quarter; the seventeenth being added by turns from the chambers of Zeeland, the Meuse, and the north quarter.  This assembly was to be held six years at Amsterdam, and then two years in Zeeland.  The ships were always to return to the port from which they had sailed.  All the inhabitants of the provinces had the right, within a certain time, to take shares in the company.  Any province or city subscribing for forty thousand florins or upwards might appoint an agent to look after its affairs.

The Company might make treaties with the Indian powers, in the name of the States-General of the United Netherlands or of the supreme authorities of the same, might build fortresses; appoint generals, and levy troops, provided such troops took oaths of fidelity to the States, or to the supreme authority, and to the Company.  No ships, artillery, or other munitions of war belonging to the Company were to be used in service of the country without permission of the Company.  The admiralty was to have a certain proportion of the prizes conquered from the enemy.

The directors should not be liable in property or person for the debts of the Company.  The generals of fleets returning home were to make reports on the state of India to the States.

Notification; of the union of all India companies with this great corporation was duly sent to the fleets cruising in those regions, where it arrived in the course of the year 1603.

Meantime the first fleet of the Company, consisting of fourteen vessels under command of Admiral Wybrand van Warwyk, sailed before the end of 1602, and was followed towards the close of 1603 by thirteen other ships, under Stephen van der Hagen?

The equipment of these two fleets cost two million two hundred thousand florins.

     Etext editor’s bookmarks: 

     Bestowing upon others what was not his property
     Four weeks’ holiday—­the first in eleven years
     Idea of freedom in commerce has dawned upon nations
     Impossible it is to practise arithmetic with disturbed brains
     Passion is a bad schoolmistress for the memory
     Prisoners were immediately hanged
     Unlearned their faith in bell, book, and candle
     World has rolled on to fresher fields of carnage and ruin

HISTORY OF THE UNITED NETHERLANDS

From the Death of William the Silent to the Twelve Year’s Truce—­1609

By John Lothrop Motley

History United Netherlands, Volume 76, 1603-1604

CHAPTER XLI.