James Edwin Thorold Rogers,
The Story of Nations - Holland…
(1886)
“ Only wealthy joint-stock companies could equip armed merchantmen, build forts and factories, and sustain by arms the settlements which they had made. To allow intruders, after such outlay was incurred, might be chivalrous, but was not, according to the ideas of the time, at all business-like. But in the end, settlements of this kind for mere business purposes are never successful. The Dutch East India Company became like the English company, an empire, with conquests, with revenues derived from taxes, with the mechanism of government, with rulers and subjects. ”
