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George Bancroft, History of the United States from the Discovery of the American Continent, Vol. 2, 17th edition., Chapter 15: (search)
t through the Straits of Magellan. When, in 1600, after years of 1600. discussion, a plan for a West India Company was reduced to writing, and communicated to the States General, it was not adopted, though its principle was Chap. XV.} approved. But the zeal of merchants and of statesmen was concentred on the East, where jealousy of the Portuguese inclined the native princes and peoples to welcome the Dutch as allies and protectors. In March, 1602, by the prevailing influence of Olden 1602. Barneveldt, the advocate of Holland, the Dutch East India Company was chartered with the exclusive right to commerce beyond the Cape of Good Hope on the one side, and beyond the Straits of Magellan on the other. The States, unwilling to pledge themselves to the chances of war, purposely granted all powers requisite for conquests, colonization, and government. In the age of feudalism, privileged bodies formed the balance of the commercial and manufacturing interests against the aristocracy