Publisher's Synopsis
Excerpt from An Introduction to the Study of Colonial History, for Use in Secondary Schools
The older companies (1) were primarily commercial; (2) were given monopoly of commerce; (3) enjoyed only incidentally their political prerogatives; (4) were almost free from control of home government.
The modern companies (1) are essentially political in purpose; (2) have no monopoly in commerce; (3) have as their principal object industrial development of the re sources of their concessions; (4) are subject to stricter con trol by the home government than were the older companies.
While almost unlimited powers are given the companies to-day, the danger of the evils practiced by the old-time companies is lessened by the supervision of a resident representative of the government.
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