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CHAPTER III
                       A Fight to a Finish

         James I gives Michelbome a licence to trade in the East—Michei-
            bome's voyage to the East with Davis as chief lieutenant—
            Acts of piracy off the Javan coast—English ships fall in with a
            Japanese pirate vessel—Sudden attack by the Japanese—A
             terrific combat—Davis is slain—A happy thought—Defeat and
             extermination of the Japanese—Michelbome returns home

          I N the period of Lancaster’s absence on his voyage the
              great Elizabeth had passed to her rest. Her suc­
         cessor, James I, was to a certain extent in the position of
         the king who knew not Joseph. He was not only lacking
         in his predecessor’s enthusiasm for the cause of trade
         expansion in the East, but his mind failed to grasp the
         essential conditions on which a policy of the kind could
         then be successfully prosecuted. On no other basis
         than as a monopolistic power—as the accredited commercial
         representative of England—could the East India Company
         hope to make good its footing and that of its country in
         the distant regions of the Orient. Elizabeth fully realized
         this when she gave the Company its exclusive charter and
         invested its representative with powers which were hardly
          to be distinguished from those of an ambassador. James
          I, on the other hand, appears to have felt that a ship or
          two in the East more or less did not matter, and that it was
          for the conflicting interests to fight out their differences
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