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FORE:That would explain why acid was put on them, agreed Dick. It wouldnt explain any other attempts, though.[See larger version]
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FORE:The Company was then compelled to reduce its dividends to six per cent. and apply to Parliament for a loan of a million and a half to meet its pecuniary difficulties. This, Ministers and Parliament complied with, and proceeding to relieve the Company of its embarrassments, Lord North[208] proposed and carried a measure, by which the Company, which had no less than seventeen million pounds of tea in its warehouses, should, without limit of time, be authorised to export its teas to the British colonies of America duty free. This was thought a great and conciliatory boon to the Americans, but it proved otherwise. The import duty of threepence in the pound was still stubbornly retained, and the Americans, looking at the principle of taxation, and not at a mere temptation of a cheapened article, saw through the snare, and indignantly rejected it. The principal tea merchants declared that this would be the case, and that the whole Government scheme was wild and visionary.In America, the belligerents were early afoot this year; but the attention and the forces of the English were drawn from the States to the West Indies by the determined attempts of the French to make themselves masters of our islands there. D'Estaing, who was joined by another French squadron under the Marquis de Vaudreuil, was early opposed by Admiral Byron, who arrived at St. Lucia from the American coast on the 6th of January. This Admiral Vaudreuil, on his way, had visited our settlements on the coast of Africa, and taken from us Senegal; but Sir Edward Hughes soon arrived there, and took their settlement of Goree, so that it was a mere exchange of territory. In June Admiral Byron was obliged to escort our merchant fleet to a certain distance, and D'Estaing seized that opportunity to make himself master of St. Vincent and Grenada, where the garrisons were weak. On the return of Byron, on the 5th of July, he came to an engagement with D'Estaing off Grenada; but the French admiral, after an indecisive action, took advantage of the night to sail away, boasting of a great victory. He now made for Georgia and Carolina, to assist the Americans in endeavouring to wrest from us our recent conquest of Savannah, in Georgia.
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