history meme (french edition) → 7 inventions/achievements (4/7) the French East India Company (1664-1794)
“[In] the year 1664, the French “Compagnie des Indes” was formed. As, even under the conditions mentioned, the entire sum was not subscribed for, a fifth of the amount, 3,000,000 livres, was advanced by the Treasury. This example had a great effect upon the nobility and rich courtiers ; and these at once became eager to join an undertaking which the Government seemed to cherish as one of its most favoured projects. The prospects of the Company on its formation were thus brilliant. Starting under the auspices of a monarchy which had not attained the height of its power, but was then fast rising to it, which, in its capabilities for offensive operations and for the display of real strength, contrasted favourably with the other European states, this Company seemed to require but firm and steady direction to become a great success. // By Colbert, the precious metals were valued chiefly as a means to further production. Every cargo of French merchandise exported represented the interest on capital invested in the industries of the country, a capital which was a permanent source of income, with a natural tendency to growth rather than to exhaustion. Colbert was at times not so far from a reasonable theory of wealth.” – G. B., Malleson, History of the French in India // A. John Sargent The Economic Policy of Colbert.