See also:SIR See also:JOSIAH See also:CHILD (163o - 1699)
, See also:English See also:merchant, economist and See also:governor of the See also:East See also:India See also:Company, was See also:born in See also:London in 163o, the second son of See also:Richard See also:Child, a London merchant of old See also:family
.
After serving his See also:apprenticeship in the business, to which he succeeded, he started on his own See also:account at See also:Portsmouth, as victualler to the See also:navy under the See also:Common-See also:wealth, when about twenty-five
.
He amassed a comfortable See also:fortune, and became a considerable stock-holder in the East India Company, his See also:interest in India being accentuated by the fact that his See also:brother See also:John (q.v.) was making his career there
.
He was returned to See also:parliament in 1659 for See also:Petersfield; and in later years sat for See also:Dartmouth (1673-1678) and for See also:Ludlow (1685-1687)
.
He was made a See also:baronet in 1678
.
His advocacy, both by speech and by See also:pen, under the See also:pseudonym of See also:Philopatris, of the East India Company's claims to See also:political See also:power, as well as to the right of restricting competition with its See also:trade, brought him to the See also:notice of ,the shareholders, and he became a director in 1677, and, subsequently, See also:deputy-governor and governor
.
In this latter capacity he was for a considerable See also:- TIME (0. Eng. Lima, cf. Icel. timi, Swed. timme, hour, Dan. time; from the root also seen in " tide," properly the time of between the flow and ebb of the sea, cf. O. Eng. getidan, to happen, " even-tide," &c.; it is not directly related to Lat. tempus)
- TIME, MEASUREMENT OF
- TIME, STANDARD
time virtually the See also:sole ruler of the company; and directed its policy as if it were his own private business
.
He and his brother have been credited with the See also:change from unarmed to armed See also:traffic; bfit the actual renunciation of the See also:Roe See also:doctrine of unarmed traffic by the company was resolved upon in See also:January 1686, under Governor See also:Sir See also:Joseph Ash, when Child was temporarily out of See also:- OFFICE (from Lat. officium, " duty," " service," a shortened form of opifacium, from facere, " to do," and either the stem of opes, " wealth," " aid," or opus, " work ")
office
.
He died on the 22nd of See also:June 1699
.
Child made several important contributions to the literature of See also:economics; especially Brief Observations concerning Trade and the Interest of See also:Money (1668), and A New Discourse of Trade (1668 and 1690)
.
He was a moderate in those days of the " See also:mercantile See also:system," and has sometimes been regarded as a sort of See also:pioneer in the development of the See also:free-trade doctrines of the 18th See also:century
.
He made various proposals for improving See also:British trade by following Dutch ex-ample, and advocated a See also:low See also:rate of interest as the " causa causans of all the other causes of the riches of the Dutch See also:people." This low rate of interest he thought should be created and maintained by public authority
.
Child, whilst adhering to the doctrine of the See also:balance of trade, observed that a people cannot always sell to foreigners without ever 141ying from them, and denied that the export of the See also:precious metals was necessarily detrimental
.
He had the mercantilist partiality for a numerous See also:population, and became prominent with a new See also:- SCHEME (Lat. schema, Gr. oxfjya, figure, form, from the root axe, seen in exeiv, to have, hold, to be of such shape, form, &c.)
scheme for the See also:relief and employment of the poor; it is noteworthy also that he advocated the See also:reservation by the See also:mother See also:country of the sole right of trade -With her colonies
.
Sir See also:Josiah Child's eldest son, Richard, was created See also:Viscount Castlemain in 1718 and See also:earl of Tylney in 1731
.
See also See also:Macaulay, See also:History of See also:England, vol. iv.; R
.
See also:- GRANT (from A.-Fr. graunter, O. Fr. greanter for creanter, popular Lat. creantare, for credentare, to entrust, Lat. credere, to believe, trust)
- GRANT, ANNE (1755-1838)
- GRANT, CHARLES (1746-1823)
- GRANT, GEORGE MONRO (1835–1902)
- GRANT, JAMES (1822–1887)
- GRANT, JAMES AUGUSTUS (1827–1892)
- GRANT, ROBERT (1814-1892)
- GRANT, SIR ALEXANDER
- GRANT, SIR FRANCIS (1803-1878)
- GRANT, SIR JAMES HOPE (1808–1895)
- GRANT, SIR PATRICK (1804-1895)
- GRANT, U
- GRANT, ULYSSES SIMPSON (1822-1885)
Grant, See also:Sketch of the History of the East India Company (1813); D
.
See also:Macpherson, See also:Annals of See also:Commerce (1805); B
.
Willson, See also:Ledger and See also:Sword (1903)
.
(T
.
A
.
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