Rare work expounding the virtues of the newly formed Scots East-India Company.

The Darien scheme was an unsuccessful attempt by Scotland to become a world trading nation by establishing a colony called “New Caledonia” on the Isthmus of Panama in the late 1690s. In practice the undertaking was marked by poor planning and leadership, lack of demand for trade goods, devastating epidemics of disease, and increasing shortage of food; it was finally abandoned after a siege by Spanish forces in April of 1700. As the Darien company was backed by about a quarter of the money circulating in Scotland, its failure left the nobles and landowners – who had suffered a run of bad harvests – almost completely ruined and was an important factor in weakening their resistance to the Act of Union of 1707.