Note 22 — Part II
Reading edition
An East India company formed in Denmark sent an expedition in 1618, which formed a settlement in the state of Tanjour, India, where the Danes built Tranquebar and Fort Dannebourg; for a time they carried on a thriving trade, but the influence of the Dutch crowded them aside in India, and the company finally surrendered its charter and made over its settlements to the government. In 1670 a new company was formed; but it was even more unfortunate than the first one, and, having become bankrupt, was extinguished in 1730. Two years later, another company was organized, which obtained a charter for forty years, with many privileges, and this was extended (1772) for twenty years. See Raynal’s Établissemens et commerce des Européens dans les Indes, i, pp. 548–566. ↑