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Royal authority versus corporate sovereignty: the Levant Company and the ambiguities of early Stuart statecraft

ABSTRACT The ambassadorship of Thomas Bendish (1646–1660) to the Ottoman Porte was a period of turmoil that saw the arrest and imprisonment of his predecessor, Sackville Crowe, and the arrest and subsequent beheading of a usurper, Henry Hyde. This crisis in Turkey coincided with the domestic crisis of the English Civil War, which plunged the English state into chaos. This article uses the Bendish/Crowe/Hyde affair to analyse the relationship between state and trading company in order to gain a deeper understanding of how the early modern economic and state-building system of mercantilism was made. The article will show that mercantilism was, in the words of Phil Stern, an “awkward alliance” where merchant and state required one another while remaining suspicious of the other’s motives and authority.