Robert Lyman reviews David Howarth’s recent work Adventurers: The Improbable Rise of the East India Company:

It is the human detail of the EIC and the ultimate triumph of its trading endeavours despite the best efforts of Portugal, the Dutch Republic and of the vicissitudes of Neptune that holds great fascination for me, and which is the triumph of Howarth’s intimate and intricate portrayal of the EIC in the first century of its existence. His great achievement is both to bring the dusty tomes of the Company back to life, not just to humanise one of the greatest trading ventures of all of human history, but to interpret the early years of the Company (his book spans 1600 to 1688, though most of the narrative is pre-1650) as a peculiarly human rather than an institutional endeavour. Is this important? Yes. Humans have agency; institutions consume or act upon the determining agency of human beings, not the other way around. Too much of modern (post 1880) history is based upon determining the perspective of organisations and movements (as interpreted by later historians, many with their own ideological baggage) rather than of actual, real live people making decisions for themselves in the peculiar and particular context of their lives and times.

The means through which Howarth paints his story is by the decisions, actions and activities of actual people, some influential decision-makers and many others who were not, all of which makes up a remarkably vivid tapestry of human intercourse. Each chapter, for instance, is constructed around a person or group of people. One powerfully tells the story of the men of the Peppercorn, an EIC East Indiaman, as it seeks out the riches of a world on the extreme periphery of the consciousness of most Europeans. The ultimate triumph of European expansion into Asia is not difficult to comprehend. Europe was pursuing an adventure, aggressively, relentlessly and determinedly, to bring the riches of the world back to its own shores. At no time did the Chinese, Japanese, Indians or inhabitants of the Spice Islands return the favour. The energetic persistence of Sir Thomas Roe, for instance, the Company’s ambassador to the Mughal court (1615-1619), is easily compared to the intellectual (and alcoholic) indolence of the Great Mughal with whom Roe was attempting to interact. Roe was there, in India: Europeans were interested in the “East” and with travelling to the other side of the world for purposes of human engagement, adventure, patriotism and, yes, greed and selfish self-interest. The Great Mughal, by contrast, was also driven by greed and self-interest, but he just wasn’t interested in exploring. He certainly wasn’t interested in Europe. He was already, in his view, at the top of the human tree and had no need for either the ideas or the money of the red-haired barbarians who came from across the sea, a sea that incidentally few Mughal emperors had (amazingly) ever even seen. Fascinatingly, the Mughal shared with King James I an abhorrence with “trade”, though James knew he needed grubby merchants like Sir John Lyman [the reviewer’s ancestor] as they gave him coin. It wasn’t just about the merchants: Kings and governments needed the money that the merchants delivered by the bucket load because they couldn’t create it themselves. Howarth astutely observes that the “EIC belonged to the globe of politics as much as it did to the sphere of commerce”. Indeed, something of a symbiosis between the two in Tudor and Stewart England created a sense of nationhood – in the face of the resistance of others, in Europe and further afield – for the first time. The Mughal Empire was ultimately swallowed up as a result of a dynamism by European politicians and merchants working in unison which it never bothered to replicate by undergoing the reverse journey.

And power? No. Howarth is remarkably clear that the primary task of the EIC was to make money, not to accrue territory, create power in foreign territories or aggrandise native populations. The role of the executive arm of the EIC (its ships, sailors and factors) was to make money for its investors, many of whom were the very merchant adventurers in the little ships travelling east over vast oceans. The great game of mercantile expansion took place because those who had most to lose were also sailing the ships, negotiating with foreign emissaries, fighting the Portuguese and the Dutch and placing their lives on the line. Amazingly, in 1570 England had only 58,000 tons of marine tonnage compared with Spain’s 300,000, and was very definitely the minnow in the rush to conquer the seas. The men who built and sailed its boats came from a long way behind, and yet in time were to build a seagoing commercial empire which more than rivalled all its competition. Its early growth was fuelled by the wealth provided by spice rather than slaves and, in contradistinction to what some modern historical moralists are keen to tell us, by a “reluctance to use violence and vigilance to avoid land commitments”. Indeed, unlike that of the Dutch, and despite what one might assume if we were to read the British national anthem back into history, “expansion in England happened with no appeal whatever to national glory”.

The amazing thing about the EIC was just how chaotic and disorganised it was. There was nothing inevitable about its rise as a monolithic mercantile overlord destined for instance, in the due course of time, to rule India. Second guessing history is only possible for historians able to look backwards and identify trends and features, convictions that didn’t exist for those when history was happening trying to make their way through the fog of an uncertain and troublesome future. The EIC proved simply to be better organised than the Portuguese, and not distracted as the Dutch were in their long war against Spain. Luck and serendipity played as much a role on the eventual survival of the EIC as did its ability to raise massive amounts of money from venturers in England (every raise or round of financing was heavily over-subscribed) for its adventures and to recruit adventurers to take its ships to sea. The EIC was phenomenally successful in raising voluntary capital to fund its ventures relative to other European states. By comparison, “although Iberian barns might have looked well built and better stocked, once they were given a good kick the rusted hinges flew off”.