Note 429 — Chapter XII · 1576-1580

Mendoza at this period writes to the King of the enormous number of ships being built. “This,” he says, “makes the English almost masters of the commerce … as they have a monopoly of shipping, whereby they profit by all the freights.” Burghley was an untiring promoter of extension of legitimate trade, as he was a constant enemy to piracy. He was at this time promoting Humphrey Gilbert’s colonisation schemes in North America, the enterprises of Frobisher and his friends in Hudson’s Bay, the trade of the Muscovy Company, the overland route to the Caspian by the White Sea and the Volga, and other similar adventures; but, as we shall have occasion to see later, he disapproved entirely of Drake’s proceedings in the Pacific, and other expeditions of a wantonly aggressive character.