Colin Campbell (1November 1686 – 9May 1757) was a Scottish merchant and entrepreneur who co-founded the Swedish East India Company and was Swedish King Fredrik I's first envoy to the Emperor of China.
Early life
He was born in November 1686 to John Campbell, a lawyer and prominent citizen of Edinburgh and his wife Elizabeth Campbell of Moy, Inverness-shire. They were related to the noble family of Clan Campbell of Cawdor, later prominent in the Peerage. Colin was the youngest of three brothers (following Archibald and Hugh) and all followed their father in becoming notaries, merchants and prominent citizens. Colin became a Burgess of Edinburgh in 1720, when the citation described him as "of London".
Ostend
In 1723, he lost a great deal of money and was left burdened in debt following the spectacular investments and subsequent financial collapse known as the South Sea Bubble. He vowed to repay all his debts, and did so before he died, but meanwhile had to flee from his debtors to Ostend in the Holy Roman Empire. This area was then part of the Austrian Netherlands, where Campbell helped the Austrians in their attempts to set up an Austrian rival to the British East India Company. He stayed there until 1730, mostly as a supercargo, accompanying ships and managing sales. The Austrian scheme was not a success, largely because of British opposition, so he moved to Stockholm, in Sweden. The following year he moved to Gothenburg, Sweden's premier port, where other Scottish merchants had been long established.
Gothenburg
In Gothenburg, he entered into partnership with wealthy and well-connected Swedes. Henric König (1686–1736) was an import/export broker from Stockholm, from a family of German Hanseatic merchants, though now resident in Sweden. His brother, Christian (1678–1762) was secretary to the Chancellery Cabinet and through him Henric had contact with the King Fredrik I. Köning had been developing an East Indian trading scheme, along with Niclas Sahlgren, a merchant who had worked with the Dutch East India Company, and who had already been involved in a possible Swedish West India project. Campbell approached Sahlgren who invited him to Sweden.
Swedish East India Company
In April 1731, the Riksdag (Swedish Parliament) approved the King's Charter giving the Swedish East India Company a monopoly of all Swedish trade with the "East Indies" (meaning any port east of the Cape of Good Hope ). The Company was expressly forbidden to trade in any areas under the control of other countries (for example Britain and the Netherlands) without their permission, and the "privileges" which the Charter gave them amounted to no more than "the common rights of nature and peoples" (as one commentator said) but the riches expected were signalled by the Company agreeing to pay the King about 25,000 silver dollars per voyage. And indeed the Company was successful, making the Directors (of which Campbell was one) very rich indeed. As only Swedes could be Directors of the Company, Campbell applied for naturalisation as a Swede (on 14June 1731), and was raised to the nobility,
External links
- The Charter of the Swedish East India Company
References
- B Boëthius. Colin Campbell Svenskt biografiskt lexikon, National Archives of Sweden, 1927, retrieved 22 October 2014^
- Jan-Erik Nilsson. China and Sweden: Treasured Memories www.gotheborg.com, gotheborg.com, retrieved 16 July 2015^
- Colin Campbell, Paul Hallberg, Christian Koninckx. A passage to China: Colin Campbell's diary of the first Swedish East India Company expedition to Canton, 1732-33