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Batavia's Graveyard - Mike Dash [31]

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that were paid, were simply colossal. Returns of 1,000 percent or more were recorded on certain voyages, and dividends of 10, 20, or, in one case, even 100 percent were paid annually to the shareholders. The fortunes that the merchant princes of Amsterdam and Middelburg accumulated exceeded, in some cases, those of European royalty. The richest man in the Dutch Republic in the 1620s was Jacob Poppen, whose father Jan had been one of the earliest investors in the Indies trade. Jacob’s total worth was put at 500,000 guilders—this at a time when it was possible to house and feed a family in Amsterdam on about 300 guilders a year.

Very little of the money ever found its way into the hands of the merchants and the sailors who actually risked their lives out in the East. Every VOC employee, from the upper-merchants down to the lowliest enlisted men, received only a modest salary and the guarantee of board and lodging for the duration of his employment. This arrangement was actually a good incentive for the poorer men who filled the lowest posts; it was unlikely that they would find much steady work in their hometowns. But it held little attraction for the merchants themselves, whose wages—it was commonly acknowledged—were scarcely large enough to live on, and who could expect no pension if they did survive long enough to retire. Since a good portion of the pay they did earn was retained by the VOC against their eventual return—partly as a precaution against desertion—and since staying too long in the East was tantamount to suicide, most sailed with the intention of making as much money as they could in as short a time as possible.

Among their number was the merchant Francisco Pelsaert, who—like so many of the Company’s most valued men—had been born in Antwerp. Pelsaert was in many ways a typical servant of the VOC, although he came from a Catholic family and, since Jan Company hired only Protestants, had been forced to conceal his origins in order to secure his first appointment. For one thing, he had few family ties to keep him in the Netherlands—his father had died before he was five years old, and though his mother remained alive, she soon remarried and seems to have left the boy to be brought up by his grandfather. For another, though Pelsaert’s relatives were wealthy, he himself had few resources; when his grandfather died, the old gentleman willed his estate to his wife and left nothing of significance to his ward.

Forced to seek a fortune of his own, Pelsaert—by now a man of 20—secured an introduction to the Middelburg chamber of the VOC in the last months of the year 1615. The application was successful. Pelsaert was hired as an assistant—the lowest merchant rank, one that involved mostly humdrum clerical duties—at a salary of 24 guilders a month. Four months later he took ship for the East on board the Wapen van Zeeland.*10

Nothing is known of Pelsaert’s first three years in the Indies, but he must have been reasonably successful. He was promoted to the post of under-merchant around 1620 and dispatched to the Company’s recently established base at Surat, on the northwest coast of India. There he was to help to open trading relations with the Mogul emperors—a dynasty so fabulously rich that their name has passed into the English language as a synonym for power and wealth. Within weeks of his arrival on the subcontinent, Pelsaert was dispatched to the imperial court at Agra to deal in cloths and indigo. His salary was increased to 55 guilders a month and, in 1624, to 80. By then the man from Antwerp had been promoted to the rank of upper-merchant and placed in command of the VOC’s mission to the Mogul court.

This promotion was undoubtedly deserved, for Pelsaert had proved himself to be one of the Company’s more vigorous and efficient servants. His principal achievements while at Agra were to secure control of the indigo trade (the rare blue dye was then an immensely sought-after commodity) and improve profits by switching the main trade in spices to Surat from the Coromandel Coast. But he also pressed the Gentlemen

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