A Caution to the Directors of the East-India Company With Regard to their Making the Midsummer Dividend of Five Per Cent.   By: Anonymous

In "A Caution to the Directors of the East-India Company With Regard to their Making the Midsummer Dividend of Five Per Cent." written by Anonymous, readers are taken on a thought-provoking journey into the inner workings of the East-India Company and its fiscal policies. This book, written with a critical eye, offers valuable insights into the potential dangers and consequences of declaring such a high dividend without proper consideration.

The author's main argument revolves around the midsummer dividend of five percent, suggesting that it may not be a prudent decision for the East-India Company in terms of maintaining stability and safeguarding the interests of its shareholders. Anonymous raises concerns about potential financial strain, emphasizing the need for prudence and caution in such matters.

One of the greatest strengths of this book is its detailed analysis and empirical evidence. The author provides a comprehensive understanding of the company's financial structure and the potential negative effects of an overly generous dividend. Through a series of well-reasoned arguments and numerical data, the narrative persuades readers to question the feasibility and long-term sustainability of this particular dividend policy.

Furthermore, the author's effective use of historical anecdotes enhances the readers' understanding of the issues at hand. By drawing parallels with past instances where such dividends had been declared without careful consideration, the author highlights the potential risks and adverse consequences for both the company and its stakeholders.

However, one potential drawback of this book is its lack of attribution. As the author remains anonymous, it becomes challenging to gauge their expertise and credibility on the subject matter. Despite this, the arguments presented are logical, and the evidence provided appears to be well-researched and grounded in facts.

Overall, "A Caution to the Directors of the East-India Company With Regard to their Making the Midsummer Dividend of Five Per Cent." serves as a timely reminder for anyone interested in the inner workings of corporations and their financial decisions. This thought-provoking book encourages readers to consider the potential dangers of prioritizing short-term gains over long-term stability. By shedding light on the potential risks associated with the specific dividend policy of the East-India Company, Anonymous provides valuable insights that remain relevant even in contemporary economic contexts.

First Page:

Perhaps there never was such a necessity, for an address to you upon the subject of caution , since the East India company was established, as at present. Your great successes in India, have drawn upon you the envy of your own countrymen, as well as the other European powers; the great increase of your dividend, has alarmed the proprietors of other funds for their own property; the differences among yourselves, and your fellow proprietors, have furnished this envy, and these fears, with the means perhaps of overturning your constitution... Continue reading book >>