Political Quotes

Edmund Burke: The East India Company is not, like the Bank of England, a mere moneyed society for the sole purpose of the preservation…

On the record
The East India Company is not, like the Bank of England, a mere moneyed society for the sole purpose of the preservation or improvement of their capital; and therefore every attempt to regulate it upon the same principles must inevitably fail.
Said by
Edmund Burke

Editor's note · Context

Burke distinguishes the East India Company from the Bank of England, arguing that its governance cannot be based solely on financial principles.

Share

More from Edmund Burke

Jan 1, 1790

The House of Lords, for instance, is not morally competent to dissolve the House of Commons,--no, nor even to dissolve itself, nor to abdicate, if it would, its portion in the legislature of the kingdom.

gutenberg.org
Jan 1, 1790

As he is not to obey us, but we are to obey the law in him, our Constitution has made no sort of provision towards rendering him, as a servant, in any degree responsible.

gutenberg.org
Jan 1, 1790

It therefore secures both an hereditary crown and an hereditary allegiance.

gutenberg.org
Jan 1, 1790

Who could doubt but that, at any expense to the state, of which they understood nothing, they must pursue their private interests, which they understood but too well?

gutenberg.org

Other voices in this conversation