History of the State of New York, Vol. I (1609-1691)
This is, in our opinion, as yet, premature, and cannot be absolutely decided at present, partly because it is not yet known, with certainty, what is the condition of things there at this moment, and whether the inland trade through the Portuguese is not altogether closed to private persons as well as to the Company. Secondly because Brazil is not yet recovered and reduced to order; according to the condition of which this entire trade must be mainly arranged. Brazil being, with God's help, first recovered, and the cultivation of the soil, together with the establislimeut of so many ruined plantations (ingenhos) commenced, a large number of slaves would doubtless be immediately required there, especially as the Company, by success of arms, may yet reduce some of the Southern Captaincies of Brazil beyond the frontiers particular attention must then be paid that slaves be obtained at a reasonable price, otherwise the Seigniors of the plantations (ingenhos) and freemen might not be able to pay the cost of those they may require for farm work. Here it must now be taken into consideration, whether the Company itself ought to furnish allthe slaves in Brazil, either selling them for cash for as much as they may be worth, or giving them on credit to the inhabitants at a regular rate, payable in produce and sugar. Experience teaches that slaves, in consequence of the scarcity of money in Brazil, do not fetch as much cash as the Company expends in goods, outfit and freight inclusive; so that the maintenance of the garrisons in Angola is mostly become a charge to the Company, and in consequence of giving credit for the slaves, without getting prompt payment in sugars or other returns from Brazil, the Chambers have very suddenly ceased and abandoned the sending of new cargoes; for nofc-a ship has been sent thither by any of the Chambers now within the space of eighteen months.