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 Coat of arms | |
 Company flag (c. 1665) | |
| Formerly | Company of Royal Adventurers Trading to Africa |
|---|---|
| Company type | Private |
| Industry | Mercantile trading |
| Founded | 1660 (1660) in London, England |
| Founders | House of Stuart City of London merchants |
| Defunct | 1752 (1752) |
Key people | James II of England, Charles II of England |
| Products | Gold, silver, ivory, slaves |
The Royal African Company (RAC) was an English trading company established in 1660 by the House of Stuart and City of London merchants to trade along the West African coast.[1] It was overseen by the Duke of York, the brother of Charles II of England; the RAC was founded after Charles II ascended to the English throne in the 1660 Stuart Restoration, and he granted it a monopoly on all English trade with Africa.[2] While the company's original purpose was to trade for gold in the Gambia River, as Prince Rupert of the Rhine had identified gold deposits in the region during the Interregnum, the RAC quickly began trading in slaves, who became its largest commodity.
Historians have estimated that the RAC shipped more African slaves to the Americas during the Atlantic slave trade than any other company. The RAC also dealt in other commodities such as ivory, which were primarily sourced from the Gold Coast region. After William III of England rescinded the company's monopoly in 1697 under pressure from the Parliament of England, the RAC became insolvent by 1708, though it survived in a state of much reduced activity until 1752, when its assets were transferred to the newly founded African Company of Merchants, which lasted until 1821.[3]
History
Background
On the west coast of Africa the few Europeans lived in fortified factories (trading posts). They had no sovereignty over the land or its natives, and very little immunity to tropical diseases. The coastal tribes acted as intermediaries between them and the slave-hunters of the interior. There was little incentive for European men to explore up the rivers, and few of them did so. The atmosphere might have been one of quiet routine for the traders had there not been acute rivalries between the European powers; especially the Dutch, who made use of native allies against their rivals. Before the Restoration, the Dutch had been the main suppliers of slaves to the English West Indian plantations, but it was part of the policy of the English Navigation Acts to oust them from this lucrative trade.[4] Between 1676 and 1700, the value of gold exports from Africa was similar to the total value of slave exports. After the Peace of Ryswick in 1697, the price of slaves in Africa and the number of slaves exported doubled; from then, until trade diminished after 1807, slaves were clearly the most valuable export of Africa.[5]
Company of Royal Adventurers Trading into Africa
Originally known as the Company of Royal Adventurers Trading into Africa, by its charter issued on 18 December 1660 it was granted a monopoly over English trade along the west coast of Africa, with the principal objective being the search for gold. The company was to be run by a committee of six: the Earl of Pembroke, Lord Craven, George Caveret, Ellis Leighton and Cornelius Vermuyden. In 1663, a new charter was obtained which also mentioned the trade in slaves.[6] This was the third English African Company, but it made a fresh start in the slave trade and there was only one factory of importance for it to take over from the East India Company, which had leased it as a calling-place on the sea-route round the Cape. This was Cormantin, a few miles east of the Dutch station of Cape Coast Castle, now in Ghana. The 1663 charter prohibits others to trade in "redwood, elephants' teeth, negroes, slaves, hides, wax, guinea grains, or other commodities of those countries".[7] In 1663, as a prelude to the Dutch war, Captain Holmes's expedition captured or destroyed all the Dutch settlements on the coast, and in 1664, Fort James was founded on an island about twenty miles up the Gambia river, as a new centre for English trade and power. This, however, was only the beginning of a series of captures and recaptures. In the same year, de Ruyter won back all the Dutch forts except Cape Coast Castle and also took Cormantin. In 1667, the Treaty of Breda confirmed Cape Coast Castle to the English.[4][8]
Forts served as staging and trading stations, and the company was responsible for seizing any English ships that attempted to operate in violation of its monopoly (known as interlopers). In the "prize court", the King received half of the proceeds and the company half from the seizure of these interlopers.[9]
The company fell heavily into debt in 1667, during the Second Anglo-Dutch War. For several years after that, the company maintained some desultory trade, including licensing single-trip private traders, but its biggest effort was the creation in 1668 of the Gambia Adventurers.[10] This new company was separately subscribed and granted a ten-year licence for African trade north of the Bight of Benin with effect from 1 January 1669.[11] At the end of 1678, the licence to the Gambia Adventurers expired and its Gambian trade was merged into the company.[12]
Royal African Company of England
The African Company was ruined by its losses and surrendered its charter in 1672, to be followed by the still more ambitious Royal African Company of England. Its new charter was broader than the old one and included the right to set up forts and factories, maintain troops, and exercise martial law in West Africa, in pursuit of trade in "gold, silver, negroes, slaves, goods, wares and merchandises whatsoever".[13][14] Until 1687, the company was very prosperous. It set up six forts on the Gold Coast, and another post at Ouidah, farther east on the Slave Coast, which became its principal centre for trade. Cape Coast Castle was strengthened and rose to be second in importance only to the Dutch factory at Elmina. Anglo-Dutch rivalry was, however, henceforward unimportant in the region and the Dutch were not strong enough to take aggressive measures here in the Third Anglo-Dutch War.[4]
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| Forced labour and slavery |
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Slave trade
In the 1680s, the company was transporting about 5,000 enslaved people a year to markets primarily in the Caribbean across the Atlantic. Many were branded with the letters "DoY", for its Governor, the Duke of York, who succeeded his brother on the throne in 1685, becoming King James II. Other slaves were branded with the company's initials, RAC, on their chests.[15] Historian William Pettigrew has stated that this company "shipped more enslaved African women, men and children to the Americas than any other single institution during the entire period of the transatlantic slave trade", and that investors in the company were fully aware of its activities and intended to profit from this exploitation.[16][17]
Between 1672 and 1731, the Royal African Company transported 187,697 enslaved people on company-owned ships (653 voyages) to English colonies in the Americas. Of those transported, 38,497 enslaved people died en route.[18] The predecessor Company of Royal Adventurers (1662–1672) transported 26,925 enslaved people on company-owned ships (104 voyages), of whom 6,620 died during the passage.[18]
Later activities and insolvency
From 1694 to 1700, the company was a major participant in the Komenda Wars in the port city Komenda in the Eguafo Kingdom in modern-day Ghana. The company allied with a merchant prince named John Cabess and various neighbouring African kingdoms to depose the king of Eguafo and establish a permanent fort and factory in Komenda.[19] The English took two French forts and lost them again, after which the French destroyed Fort James. The place appears to have been soon regained and in the War of Spanish Succession to have been twice retaken by the French. In the treaty of Utrecht it remained English. The French wars caused considerable losses to the company.[4]
In 1689, the company acknowledged that it had lost its monopoly with the end of royal power in the Glorious Revolution, and it ceased issuing letters of marque.[20] Edward Colston transferred a large segment of his original shareholding to William III at the beginning of 1689, securing the new regime's favour.[21][22] To maintain the company and its infrastructure and end its monopoly, parliament passed the Trade with Africa Act 1697 (9 Will. 3 c. 26).[23] Among other provisions, the Act opened the African trade to all English merchants who paid a ten per cent levy to the company on all goods exported from Africa.[24]
The company was unable to withstand competition on the terms imposed by the Act and in 1708 became insolvent, surviving until 1750 in a state of much reduced activity.[4] In 1709 Charles Davenant published Reflections upon the Constitution and Management of Trade to Africa, in which he "reverted to his normal attitude of suspicion and outright hostility towards the Dutch."[25] This pamphlet advocated renewing the Royal African Company's monopoly on slave trade on the basis that the Dutch competition "necessitated the maintenance of forts, which only a joint-stock company could afford."[25]
The company continued purchasing and transporting slaves until 1731, when it abandoned slaving in favour of ivory and gold dust.[26]
From 1668 to 1722, the Royal African Company provided gold to the English Mint. Coins made with such gold are designed with an elephant below the bust of the king and/or queen. This gold also gave the coinage its name, the guinea.[27]
Members and officials
At its incorporation, the constitution of the company specified a Governor, Sub Governor, Deputy Governor and 24 Assistants.[28] The Assistants (also called Members of the Court of Assistants) can be considered equivalent to a modern-day board of directors.[29][30]
- James Stuart, Duke of York, the future King James II – Governor of the company from 1660 to 1688; who as king continued to be its chief stockholder.[31]
- Edward Colston (1636–1721), merchant, philanthropist, and Member of Parliament, was a shareholder in the Royal African Company from 1680 to 1692; from 1689 to 1690 he was its Deputy Governor, a senior executive position, the basis on which he is described as a slave trader.[32]
- Charles Hayes (1678–1760), mathematician and chronologer, was sub-governor of the Royal African Company in 1752, when it was dissolved.[33]
- Malachy Postlethwayt, director[34] and propagandist of the company.[35]
List of notable investors and officials
- Charles II of England[36]
- Sir Edmund Andros[37]
- Sir John Banks[38]
- Benjamin Bathurst, Deputy Governor of the Leeward Islands[39]
- Henry Bennet, 1st Earl of Arlington[37]
- George Villiers, 2nd Duke of Buckingham[37]
- Sir John Buckworth, 1622/3-1687[40]
- Sir Josiah Child[38]
- Sir Robert Clayton[41]
- Sir George Carteret[37]
- John Cass[42]
- Sir Peter Colleton[37]
- Anthony Ashley Cooper, 1st Earl of Shaftesbury[43]
- Earl of Craven[37]
- Lawrence Du Puy[37]
- Sir Samuel Dashwood[36]
- Ferdinand Gorges[37] grandson of Ferdinando Gorges
- Francis, Lord Hawley[37]
- George Frideric Handel[44]
- Sir Jeffrey Jeffreys, Commander of affairs of Leeward Isles in England 1690 – c. 1696, Assistant to the Royal African Company 1684–1686, 1692–1698[45]
- Sir John Lawrence[46]
- John Locke[47]
- Sir John Moore[36]
- Samuel Pepys[48]
- James Phipps of Cape Coast Castle[49]
- Thomas Povey[37]
- Sir William Prichard[36]
- Sir Gabriel Roberts[36]
- Prince Rupert[37]
- Tobias Rustat[37]
- Robert Aske[37]
- Sir John Shaw, 1st Baronet[50]
- Sir Robert Vyner, 1st Baronet[51]
- Matthew Wren[37]
Dissolution
The Royal African Company was dissolved by the African Company Act 1750, with its assets being transferred to the African Company of Merchants. These principally consisted of nine trading posts on the Gold Coast known as factories: Fort Anomabo, Fort James, Fort Sekondi, Fort Winneba, Fort Apollonia, Fort Tantumquery, Fort Metal Cross, Fort Komenda and Cape Coast Castle, the last of which was the administrative centre.[52]
See also
Notes
- ^ "The King Grants the Right to Trade in Africa". National Archives. Retrieved 18 August 2020.
- ^ Carrington, Charles (1950). The British Overseas: Exploits of a Nation of Shopkeepers. Cambridge, England: Cambridge University Press. p. 217. OCLC 1083162.
- ^ Jesus College Cambridge Legacy of Slavery Working Party (25 November 2019). Jesus College Legacy of Slavery Working Party Interim Report (July-October 2019) (PDF) (Report). pp. 9–10. Archived from the original (PDF) on 12 March 2021.
- ^ a b c d e Clark, Sir George (1956). The Later Stuarts, 1660–1714. The Oxford History of England: Oxford University Press. pp. 331–333. ISBN 0-19-821702-1.
- ^ A Note on the Relative Importance of Slaves and Gold in West African Exports. Author(s): Richard Bean. The Journal of African History, 1974, Vol. 15, No. 3 (1974), pp. 351-356. Cambridge University Press. https://www.jstor.org/stable/180664 Accessed Wed, 31 Jan 2024
- ^ Davies, K. G. (Kenneth Gordon) (1999) [originally published in London by Longmans, Green & Co in 1957.]. The Royal African Company. London: Routledge/Thoemmes Press. p. 41. ISBN 041519072X. OCLC 42746420.
- ^ Sainsbury, W Noel, ed. (1889). America and West Indies: September 1672 - "Sept. 27. Westminster.". Vol. 7, 1669–1674. Digitised by the Arts and Humanities Research Council. London: Calendar of State Papers Colonial, America and West Indies; Originally published by Her Majesty's Stationery Office. pp. 404–417. Archived from the original on 11 August 2020.
- ^ Zook, George Frederick (1919). The Company of Royal Adventurers Trading Into Africa. Lancaster, Pennsylvania: Press of the New Era Printing Company. p. 20. also published as Zook, George Frederick (1919). "The Company of Royal Adventurers Trading Into Africa". The Journal of Negro History. 4 (2): 155. doi:10.2307/2713534. JSTOR 2713534. S2CID 224831616.
- ^ Davies, Kenneth Gordon (1999). The Royal African Company. Routledge/Thoemmes Press. p. 106. ISBN 978-0-415-19077-0., originally published in London by Longmans, Green in 1957.
- ^ Sometimes known as The Gambian Merchants' Company.
- ^ Zook 1919, p. 23
- ^ Davies 1999, p. 215
- ^ Kitson, Frank (1999). Prince Rupert : admiral and general-at-sea. London: Constable. p. 238. ISBN 0-09-475800-X. OCLC 1065120539.
- ^ Sainsbury, W Noel, ed. (1889). America and West Indies: September 1672 - "Sept. 27. Westminster.". Vol. 7, 1669–1674. Digitised by the Arts and Humanities Research Council. London: Calendar of State Papers Colonial, America and West Indies; Originally published by Her Majesty's Stationery Office. pp. 404–417. Archived from the original on 11 August 2020.
- ^ Micklethwait, John, and Adrian Wooldridge. The Company: A Short History of a Revolutionary Idea. New York: Modern Library, 2003. ISBN 0-679-64249-8.
- ^ Pettigrew, William Andrew (2013). Freedom's Debt: The Royal African Company and the Politics of the Atlantic Slave Trade, 1672–1752. UNC Press Books. p. 11. ISBN 9781469611815. OCLC 879306121.
- ^ "Legacy of Slavery Working Party recommendations". Jesus College, Cambridge. Retrieved 5 July 2020.
- ^ a b "Voyages Database". www.slavevoyages.org. Retrieved 5 March 2022.
- ^ Law, Robin (2007). "The Komenda Wars, 1694–1700: a Revised Narrative". History in Africa. 34: 133–168. doi:10.1353/hia.2007.0010. ISSN 0361-5413. S2CID 165858500.
- ^ Davies 1999, p. 123
- ^ Gardiner, Juliet (2000). The History Today Who's Who In British History. London: Collins & Brown Limited and Cima Books. p. 192. ISBN 1-85585-876-2.
- ^ Conn, David (6 April 2023). "The Colston connection: how Prince William's Kensington Palace home is linked to slavery". The Guardian. Retrieved 6 April 2023.
- ^ "William III, 1697-8: An Act to settle the Trade to Africa. [Chapter XXVI. Rot. Parl. 9 Gul. III. p. 5. n. 2.] | British History Online". www.british-history.ac.uk.
- ^ P. E. H. Hair & Robin Law, 'The English in West Africa to 1700', in The Oxford History of the British Empire: Volume 1, The Origins of Empire: British Overseas Enterprise to the close of the Seventeenth Century, ed. Nicholas Canny (Oxford : Oxford University Press, 1998), p. 259
- ^ a b Waddell, p. 286.
- ^ "Royal African Company of England". Archives Hub. Retrieved 6 July 2020.
- ^ Davies 1999, p. 181
- ^ Davies, Kenneth Gordon (1975). The Royal African Company. Octagon Books. ISBN 0-374-92074-5. OCLC 831375484.
- ^ Evans, Chris, 1961- (2010). Slave Wales : the Welsh and Atlantic slavery, 1660-1850. University of Wales Press. ISBN 978-0-7083-2303-8. OCLC 653083564.
{{cite book}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ Dresser, Madge (1 October 2007). "Set in Stone? Statues and Slavery in London". History Workshop Journal. 64 (1): 162–199. doi:10.1093/hwj/dbm032. ISSN 1363-3554. S2CID 194951026.
- ^ Dunn, Richard (1972). Sugar and Slaves: The Rise of the Planter Class in the English West Indies, 1624-1713. The University of North Carolina Press. p. 160. ISBN 978-0807811924.
- ^ Statue of Edward Colston A Grade II Listed Building in Bristol, listing at britishlistedbuildings.co.uk, accessed 10 June 2020
- ^
This article incorporates text from a publication now in the public domain: Anderson, Robert Edward (1891). "Hayes, Charles". In Stephen, Leslie; Lee, Sidney (eds.). Dictionary of National Biography. Vol. 25. London: Smith, Elder & Co.
- ^ The Changing Terrain of Race and Ethnicity
- ^ "Postlethwayt, Malachy | Encyclopedia.com". www.encyclopedia.com.
- ^ a b c d e Andrea Colli (22 December 2015). Dynamics of International Business: Comparative Perspectives of Firms, Markets and Entrepreneurship. Routledge. p. 46. ISBN 978-1-317-90674-2.
- ^ a b c d e f g h i j k l m n Pettigrew 2013, p. 25
- ^ a b Blackburn, Robin (1998). The Making of New World Slavery: From the Baroque to the Modern, 1492–1800. Verso. p. 255. ISBN 9781859841952.
- ^ "Estates within 10 miles of Bristol | Profits | From America to Bristol | Slavery Routes | Bristol and Transatlantic Slavery | PortCities Bristol". discoveringbristol.org.uk. Retrieved 9 June 2020.
- ^ "'The City of London & the Slave Trade'". 8 December 2020.
- ^ Harris, Tim; Taylor, Stephen (15 October 2015). The Final Crisis of the Stuart Monarchy: The Revolutions of 1688–91 in Their British, Atlantic and European Contexts. Boydell & Brewer. ISBN 9781783270446.
- ^ "City of London statues removed over 'slavery link'". BBC News. 21 January 2021. Retrieved 8 June 2021.
- ^ Spurr, John (2011). Anthony Ashley Cooper, First Earl of Shaftesbury 1621–1683. Ashgate. ISBN 978-0754661719.
- ^ Antonia Quirke, "In Search of the Black Mozart: A Revealing Look at Handel's Investment in the Slave Trade," New Statesman (4 June 2015), [1]; David Hunter, "Handel Manuscripts and the Profits of Slavery: The 'Granville' Collection at the British Library and the First Performing Score of Messiah Reconsidered," in Notes 76, no. 1 (Sept 2019): 27ff [2]; "Artists respond to Handel’s investment in the transatlantic slave trade," St Paul Chamber Orchestra Blog (11 December 2020) [3].
- ^ Kaufmann, Miranda (2007). English Heritage Properties 1600–1830 and Slavery Connections: A Report Undertaken to Mark the Bicentenary of the Abolition of the British Atlantic Slave Trade. English Heritage.
- ^ "The Rulers of London 1660-1689 A Biographical Record of the Aldermen and Common Councilment of the City of London". British History Online. Retrieved 3 March 2022.
- ^ John Locke at National Portrait Gallery, London, accessed 9 June 2020
- ^ "Samuel Pepys - National Portrait Gallery". www.npg.org.uk.
- ^ Henige, David (1980). ""Companies Are Always Ungrateful": James Phipps of Cape Coast, a Victim of the African Trade". African Economic History (9): 27–47. doi:10.2307/3601386. ISSN 0145-2258. JSTOR 3601386 – via JSTOR.
- ^ "SHAW, Sir John (c.1615-80), of Broad Street, London and Eltham Lodge, Kent". History of Parliament. Retrieved 11 March 2021.
- ^ Davies, K. G. (Kenneth Gordon) (1999). The Royal African Company. London: Routledge/Thoemmes Press. ISBN 0-415-19072-X. OCLC 42746420.
- ^ Adams, Robert; Adams, Charles (2005). The Narrative of Robert Adams, A Barbary Captive: A Critical Edition. Cambridge: Cambridge University Press.
Further reading
- Davies, Kenneth Gordon. The Royal African Company. Routledge/Thoemmes Press, 1999.
- Pettigrew, William A. Freedom's Debt: The Royal African Company and the Politics of the Atlantic Slave Trade, 1672–1752. Chapel Hill, NC: University of North Carolina Press, 2013.
14 Annotations
First Reading
TerryF • Link
"The company was more usually know as the Guinea or African Company; incorporated on 10 January 1663 as 'the Company of Royal Adventurers trading into Africa'...." so L&M, later known as the
Royal African Company
NOTE:..Incorporated the 20th of January 1662, in the 14th year of the reign of Charles II.
ARMS:..Or (gold), an elephant Azure (blue), on his back a quadrangular castle Argent (silver), masoned Proper (natural color); on the sinister tower a flagstaff and banner Gules (red), on the dexter corner of the banner a canton Argent (silver), charged with a cross Gules (red), on the dexter corner of the escutcheon a canton quarterly of France and England.
CREST:..On a ducal coronet Or (gold), an anchor erect Sable (black), cabled of the first (i.e., gold), between two dragons' wings expanded Argent (silver), each charged with a cross Gules (red).
SUPPORTERS:..Two African blacks Proper (natural color), vested round the waist with a skirt Argent (silver), pearls in their ears and round their necks banded round the temples Or (gold), thereon feathers erect of various colours each holding in his exterior hand an arrow Or (gold), barbed and feathered Argent (silver).
MOTTO:..REGIO FLORET PATROCINIO COMMERCIUM COMMERCIOQUE REGNUM.
http://freepages.family.rootsweb.…
TerryF • Link
The web site above is mistaken. The Royal African Company was reorganized in 1672, the 12th year in the riegn of Charles II.
Paul Chapin • Link
The Nth year of the reign of Charles II
I have no information about the Royal African Company. However, it is my understanding that those of royalist persuasion considered the reign of Charles II to have begun on the death of his father, January 30, 1649, ignoring the Cromwellian unpleasantness. On that reckoning, 1662 would indeed be the 14th year of CII's reign.
Pedro • Link
The Company of Royal Adventurers Trading to Africa.
(Originally posted under Internation trade)
In 1662 Parliament granted a charter to a newly formed company - The Company of Royal Adventurers Trading to Africa - which allowed and encouraged them to involve themselves in the slave trade. To the great dissatisfaction of merchants from other cities, however, the charter provided exclusive rights to the Company, which effectively meant the merchants of London.
http://www.headleypark.bristol.sc…
Michael Robinson • Link
"Company of Royal Adventurers into Africa,"
Founded 1660, and re-founded in 1663, by Prince Rupert and James, Duke of York, the company was granted monopoly trading rights in western Africa for 1,000 years. Apparently this company's activities were initially restricted to Gambia because of the need to negotiate with the pre-existing rights of the Guinea and East India Companies. The charter of 1663 for the first time explicitly mentioned the slave trade among the Company's interests, in 1662 it undertook to supply 3,000 slaves annually to the West Indian colonies. The Company's first decisive act was to dispatch a naval expedition to Africa under Sir Robert Holmes, which established a fort on James Island in the Gambia (1661) It was this that lead to it becoming embroiled in conflict with the Dutch.
In consequence of the charter of 1663 the Company extended its activities east of the Gold Coast, into an area that was becoming known as the "Slave Coast," where it established a trading station at Allada in 1663; slaving voyages were also undertaken to New and Old Calabar, further East. The suggestion that the slave trade had now become the Company's main pursuit is unwarranted. Gold remained the main object of trade; in 1665 the Company estimated its annual revenues from gold sales at L200,000,as against only L100,000 from the delivery of slaves to English Colonies, with a further L100,000 from other commodities (ivory, wax, hides, dye-woods and pepper.) African gold was coined in 'guineas,' stamped with an elephant as the Company's symbol, from 1663 onwards.
The company made an ambitious start, claiming to have established (or re-established) eighteen factories in Africa and dispatched over forty ships to trade there in the first years of its operation .....
[I leave the Holmes expedition to Pedro]
The losses sustained at de Ryuyter's hands (1664-5) ruined the company, which did little trade after1665. The Company licenced private traders from 1669, leased the Gambia trade to a separate company of Gambia adventurers in 1669, and was liquidated and replaced by a new Royal African Company in 1672. Initially the Gambia Adventurers maintained their rights, but in 1678 they were bought out by the Royal African Company. By comparison with the Royal Adventurers, the new company was dominated by merchants rather than courtiers, though James, Duke of Yoork (and later as King) remained titular Governor.
Short summary of:-
P.E. H. Hair and Robin Law
The English in Western Africa to 1700 (with select bibliography)
in Nicholas Canny ed. The Origins of Empire. British Overseas Enterprise to the Close of the Seventeenth Century [Oxford History of the British Empire Vol 1] Oxford: OUP, 1998 pp. 241 - 263, @ pp255-7.
Second Reading
Terry Foreman • Link
Royal African Company
https://en.wikipedia.org/wiki/Roy…
Terry Foreman • Link
The Arms of the Company as described by Pepys in 1663
http://www.hubert-herald.nl/Ghana…
Originally known as the Company of Royal Adventurers Trading to Africa, it was chartered by James II. Slaves were branded with the company's initials, RAC, on their chests.
Between 1672 and 1689 it transported around 90,000–100,000 slaves. Its profits made a major contribution to the increase in the financial power of those who controlled London.
http://www.hubert-herald.nl/Ghana…
John York • Link
From Wikipedia https://en.wikipedia.org/wiki/Roy…
"The Royal African Company was a mercantile company set up by the Stuart family and London merchants to trade along the west coast of Africa. It was led by James, Duke of York, Charles II's brother. Its original purpose was to exploit the gold fields up the Gambia River identified by Prince Rupert during the Interregnum, and it was set up once Charles II gained the English throne in the Restoration of 1660. However, it was soon engaged in the slave trade as well as with other commodities.
With the help of the army and navy, it established forts on the West African coast that served as staging and trading stations and was responsible for seizing any English ships that attempted to operate in violation of the company's monopoly. In the prize court, the King received half of the proceeds and the company half.
The company fell heavily into debt in 1667, during the war with the Netherlands, the very war it had itself started when its Admiral Robert Holmes had attacked the Dutch African trade posts in 1664, as it had lost most of its forts on the African coast except for Cape Corse. For several years after that, the company maintained some desultory trade, including licensing single-trip private traders."
So by the end of the diary the company was doing little, although it was involved in the promotion of The Gambia Company which began to trade on 1 January 1669.
"In 1672, the original Company re-emerged, re-structured and with a new charter from the king, as the new Royal African Company. Its new charter was broader than the old one and included the right to set up forts and factories, maintain troops and exercise martial law in West Africa, in pursuit of trade in gold, silver and slaves."
Terry Foreman's posting of 13 January 2015 relates to this re-structured company not to the original Pepys era Company.
John York • Link
An extract from the Royal Charter of 1672 is available on the National Archives website:
http://www.nationalarchives.gov.u…
There is also an Account of the trading interests of the Company by area of Africa in 1672 at
http://www.nationalarchives.gov.u…
Overall Summary at:
http://www.nationalarchives.gov.u…
Bill • Link
The Royal African or Guinea Company of Merchants was founded 14 Car. II. (1662). The limits of jurisdiction are defined in the charter as from Salee in South Barbary to the Cape of Good Hope. A new charter was granted in 1672, but in 1697 free trade to Africa was granted by parliament, and the company fell into decay. It was revived by a new act in the reign of Queen Anne (1708-9). An act for extending and improving the trade in Africa was passed 23 Geo. II. (1754); but in 1821 the charter of incorporation of the society was recalled by parliament (1 and 2 Geo. IV., c. 28). In Stryp's "Stow" (book v.) there is an account of the company, where the arms are described. The African House was in Leadenhall Street.
---Wheatley, 1893.
San Diego Sarah • Link
"A Fistful of Shells: West Africa from the Rise of the Slave Trade to the Age of Revolution" by Toby Green reveals the success Africans had in the first 400 years of their encounter with Europeans.
An early effect of European trade on West African politics was that organized states like Songhai broke up, while smaller ones were strengthened by the economic exchanges.
Initially, Europeans wanted gold, but with the start of New World plantations, demand for slaves rose, and it was the small less organized kingdoms that became Europe’s source.
Some African states resisted for generations. Today's Ghana, Benin, and Congo refused to sell slaves (but sometimes purchased them), and defeated efforts to gain control of their resources.
Kongo was an advanced state with elected kings when the Portuguese arrival in the 1480s. They embraced Christianity and kept ambassadors at the Vatican from the 1530s - 1620s, but slavery broke its relationship with Portugal.
Faced with Kongo’s resistance, in 1575 Portugal founded Luanda, from which it waged a destabilization campaign. Kongo eventually asked Holland to be their ally (as they were not yet engaged in slaving and were an enemy of the united kingdom of Spain and Portugal).
In 1623 Kongo’s King Pedro II wrote to Holland requesting “four or five warships as well as five or six hundred soldiers” and promised to pay for “the ships and the salaries of the soldiers in gold, silver, and ivory.”
Holland wanted to end this resource, which supplied more than half the slaves sent to Brazil and the Indies, hoping Brazil (Portugal’s leading source of wealth) would become nonviable.
Africa thus played a major role in the struggle for control over the South Atlantic during the 30 Years’ War, with Dutch warships helping Kongo defeat the Portuguese in 1624 and 1641.
In 1648, Portugal shipped blacks from Brazil across the Atlantic to restore its hold on Angola. This is African history as world history.
Portugal defeated Kongo in 1665, and then exploited a vulnerability it shared with the Ashanti Empire and Benin: control over its money supply.
In Kongo, a locally-made cloth was the traditional means of exchange, along with the nzimbu seashell. The Dutch flooded the region with textiles and shells, both local and imported.
These economic catastrophes combined with the fall in the value of exported gold, following New World discoveries of gold and silver. In return, Africans had received European goods, all of which decline in value over time, and was bled of its people, who were used to enrich Europe.
For the whole review, and others books on the subject: https://www.nybooks.com/articles/…
San Diego Sarah • Link
Portuguese missionaries arrived in the Congo in the 15th century, and were successful in finding converts. 150 years later Congolese slaves were taken to the New World.
They knew the liturgical calendar. They knew the basics of Christianity. They made trouble because they knew what the slave owners believed.
https://daily.jstor.org/did-kongo…
San Diego Sarah • Link
Today's Gresham College in London has a continuing series of lectures on a wide assortment of subjects. They are in the midst of a series on slavery ... and for those of us not in London, they are available, free, in podcasts. So go for it ... here's the link for the slavery set:
"Freedom has been central to the identity of the City of London for centuries. But from the 17th to the 19th centuries, the African Slave Trade and Plantation Slavery in the Americas were key to London’s banking, insurance, shipping, manufacturing, commodity trades with Europe, gold and silver supply in London, and later merchant banks like Barings, Schroeder and Kleinwort. The City also benefited from the end of Slavery, as compensated emancipation liberated a flood of liquid capital and provided a £500,000 per annum income stream to its funders."
https://www.gresham.ac.uk/lecture…
Third Reading
San Diego Sarah • Link
A book about the RAC from 1660 - 1700 is:
The Lewis Walpole Series in Eighteenth-Century Culture and History.
Making the Imperial Nation: Colonization, Politics, and English Identity, 1660-1700 – by Gabriel Glickman
Format: Hardback
ISBN: 9780300255065
Published: 14th Feb 2023
Imprint: Yale University Press
After 1660, the English governments aimed to convert their scattered overseas dominions into a coordinated territorial power base. Stuart monarchs encouraged schemes for expansion in America, Africa, and Asia, tightened control over existing territories, and endorsed systems of slave labor to boost colonial prosperity.
But English power was precarious, and colonial designs were subject to regular defeats and failed experimentation.
Recovering from recent Civil Wars at home, England was shaken by unrest and upheaval through the later 17th century. Colonial policies emerged from a kingdom riven with inner tensions, which it exported to enclaves overseas.
Author Gabriel Glickman reinstates the colonies within the domestic history of Restoration England. He shows how the pursuit of empire raised moral and ideological controversies that divided political opinion and unsettled many ideas of English national identity.
Overseas ambitions disrupted bonds in Europe and cast new questions about English relations with Scotland and Ireland.
Vigorous debates were provoked by contact with non-Christian peoples and by changes brought to cultural tastes and consumer habits at home.
England was becoming an imperial nation before it had acquired a secure territorial empire. The pressures of colonization exerted a decisive influence over the wars, revolutions, and party conflicts that destabilized the later Stuart kingdom.
https://www.yalebooks.co.uk/page/…
And example of this in Diary times is that in December 1660 a committee of 6 men,
Philip Herbert, 5th Earl of Pembroke, 2nd Earl of Montgomery;
William Craven, Baron Craven of Hampstead Marshall;
Sir George Carteret;
William Coventry;
Sir Ellis Leighton and
Cornelius Vermuyden,
were named to have charge of The Company of the Royal Adventurers into Africa's affairs. No mention was made of the office of governor or of any court of directors.
It was thought a committee of 6 could direct all of the company's affairs.