Publisher's Synopsis
Excerpt from The History of British India, Vol. 3 of 8
When a number of individuals unite themselves in any common interest, reason suggests, that they themselves should manage as much as it is convenient for them to manage and that they should make choice of persons to execute for them such parts of the business as cannot be conveniently transacted by themselves.
It was upon this principle, that the adventurers in the trade to India originally framed the constitution of their Company. They met in assemblies, which were called Courts of Proprietors, and transacted certain parts of the common business; And they chose a certain number of persons belonging to their own body, and who were called Committees,1 to manage for them other parts of the business, which they could not so well perform themselves. The whole of the managing business, therefore, or the whole of the government, was in the hands of.
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