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The following Letters appeared in the MORNING POST, at the dates which are annexed to them. The impartial Reader will find in them a strong determination, to uphold the public rights of the Country, with respect to the India Trade; but he will not discover any evidence of a desire to lower the just, and well-earned honours, of THE EAST INDIA COMPANY, nor any symptom of a disposition hostile to their fair pretensions.
The crisis, at which the affairs of the East India Company are now arrived, is one which involves the most important interests of the British Empire. It would be unnecessary to prove a proposition which is so universally acknowledged and felt. It has happened however, that, in our approaches towards this crisis, the Public understanding has been but little addressed upon the subject; so that the appeal which is now suddenly made to their passions and imaginations, finds them unprepared with that knowledge of the true circumstances of the case, which can alone enable them to govern those passions, and control those imaginations. Let us then endeavour to recover the time which has been lost, by taking a deliberate view of the circumstances which produce this crisis.
The crisis, is the proximity of the term which may conclude the East India Company's rights, to the exclusive trade with India and China, and to the powers of government now exercised by them over the Indian Empire.
The rights of the East India Company are two-fold; and have long been distinguished as, their _permanent_ rights, and their _temporary_ rights. Those rights are derived to them from distinct Charters, granted to them at different times by Parliament. By the former, they were created a _perpetual_ Corporate Society of Merchants, trading to India[1]. By the latter, they obtained, for a _limited period of time_, the exclusive right of trading with India and China, and of executing the powers of government over those parts of the Indian territory, which were acquired either by conquest or by negotiation. The Charter conveying the latter limited rights, is that which will expire in the course of the ensuing year 1814; on the expiration of which, the exclusive trade to the East will be again open to the British population at large, and the powers of the India Government will lapse in course to the Supreme Government of the British Empire, to be provided for as Parliament in its wisdom may judge it advisable to determine.