One great reason for the decline of their power and influence was, by the masters of private trading vessels putting in practice every measure they could invent to vilify and render the company’s officers insignificant and contemptible to the inland people and Negroes under their command.

By which sinister machinations, they lost that weight and authority so necessary for them to act as protectors of the injured, and mediators in adjusting and deciding disputes that frequently happen between African princes; which if the company’s officers cannot accomplish by policy, presents, or amicable measures, they should be maintained in such a respectable situation, as to be able to join the injured party, and to compel the refractory to accommodate matters[8], so as to procure peace, and bring the country to a state of tranquillity.

For it is a mistaken notion, that the company’s officers (during their command) created wars between the African chiefs, in order to purchase the prisoners, which should be made on either side. This falsehood was propagated also at a certain time, to serve particular purposes. On the contrary, slaves are bred in the inland parts of Africa, and sent for sale, according to the want those people are in for European manufactures; the same as an ox or horse is taken to market, when a farmer in England wants money to pay his rent, or for other purposes. Every man in Africa is looked upon to be a man of property and power in proportion to the number of Negroes he is possessed of.

When such disputes as above glanced at happen, the consequence is an immediate stoppage of the roads by those people nearest the sea-side, to prevent their adversaries getting guns, powder, or any other necessaries for war; which in 1738 occasioned the king of Warsaw, and his allies, to draw a discriminating line along the Gold Coast for that intent; and this hath ever since prevented all intercourse and trade with the inland natives in the direct way; as also any gold or slaves for sale coming from them, except a few stolen away by the king of Warsaw’s soldiers, with a little gold; and an inconsiderable number of slaves brought from the great kingdom of Ashantee, in a very difficult and dangerous way, by the traders of that country, in order to purchase guns and powder at the British, Dutch, and Danish forts at Acra.

These traders are obliged to come and return in arm’d bodies, many miles round about through strange countries, where they are afraid of being plundered by the natives of their European goods, and are themselves in danger of being seized upon, and sold as slaves, which prevents their bringing the trade down as usual.

Consequently, whenever the proper roads are open, and protection given, there will be a great number of slaves, gold dust and elephants teeth brought down to the sea-side, to purchase British manufactures for supplying the inhabitants of those extensive countries, that have stood in need of them so many years.

The obstructing of such intercourse has occasioned our planters being deprived of fifteen or twenty thousand of the best and most useful Negroes yearly for their plantations,[9] and Great Britain has thereby also been prevented from receiving fifty or sixty thousand ounces of gold dust,[10] besides thirty or forty tons of elephants teeth annually.[11]

It is highly probable that Africa abounds with gold mines, richer than those in the Brazil, or in any other country; for the late African company, in the infancy of their trade, imported from their settlements on that coast, from the year 1675 to the year 1690, as much gold as was coined at the Tower into 400,000 guineas[12], exclusive of what was sent and brought home by their officers and servants, who were always paid their salaries and commissions upon the trade they made in that commodity, which must have been no inconsiderable quantity; because, as the company extended their forts and settlements upon the Gold Coast, their gold trade increased so much, that they were used to take in exchange for British manufactures, and East India goods in Africa, upwards of two thousand ounces of gold weekly, which can be proved from authentic vouchers, and continued so to do until such time as the private traders made incroachments upon them, and overstocked the country with goods by their competitions with each other, which the natives took the advantage of, and insisted upon the traders lowering the price of European merchandize, and raising those of Africa, by keeping their slaves, gold and ivory up to an exorbitant price, and thereby getting as great a quantity of goods, for a few slaves, as was sufficient for their consumption; and was the cause of fewer being brought from the inland countries, as by the high prices, before observed, the Negroes got what goods they wanted for the small number sold, which also prevented their bringing gold to market, and by which means that valuable branch of the African trade, of such importance to this country, was in a great measure destroyed, and the profits thereof centered with the natives of Africa.

We believe the private traders will admit they have not altogether imported from Africa into these kingdoms two thousand ounces of gold annually[13]; and that since the act of parliament for dissolving the late company, and putting the forts and settlements under the management of the committee of the company of merchants trading to Africa, the officers commanding there, have not taken gold sufficient to pay the annual salaries of their servants, though they are fewer in number than those that were kept by the late company.

From what has been stated, we conjecture it will appear, that the British forts in Africa are not upon a proper plan; if they were, the commanding officers for the committee of the company of merchants trading to Africa, would, in eleven years and upwards, have opened those roads (which have been so long stopt) that the colonies and mother-country might receive those great benefits and advantages beforementioned, by having the trade brought down to the forts without interruption, from the remotest parts of Africa, as it was in the time of the late company’s prosperity; but that has not been done, and as the British traders declined that trade many years before the French seized the opportunity of stepping in, and reaped so great advantages thereby, as to have carried to their colonies, not fewer than one hundred and fifty thousand of those useful people, from the year 1729 to the year 1739.