A History of Inland Transport and Communication in EnglandPratt, Edwin A.
History
A History of Inland Transport and Communication in England
Pratt, Edwin A.
Communication and traffic -- Great Britain; Transportation -- Great Britain -- History
The clothier agreed or disagreed, without any attempt
at "bargaining." If satisfied with the offer, he would instantly pick up
the cloth, and go off with it to the merchant's house, where the
transaction would be completed. Within less than half an hour the clothiers
would be seen thus leaving the market; in an hour the business would be
over, and at half-past eight the bell would be rung again, to announce that
the market had closed and that there must be no more sales. Any clothier
who had not sold his cloth would then take it back with him to his inn.
"Thus," says Defoe, "you see Ten or Twenty thousand Pounds value in cloth,
and sometimes much more, bought and sold in little more than an hour....
And that which is most admirable is 'tis all managed with the most profound
Silence, and you cannot hear a word spoken in the whole Market, I mean by
the Persons buying and selling; 'tis all done in whisper.... By nine a
Clock the Boards are taken down, and the street cleared, so that you see no
market or Goods any more than if there had been nothing to do; and this is
done twice a week. By this quick Return the Clothiers are constantly
supplied with Money, their Workmen are duly paid, and a prodigious Sum
circulates thro' the Country every week."
It is no less interesting--and, also, no less material to the present
inquiry as to the influence of transport conditions on trade--to learn how
the cloth purchased in these particular circumstances was disposed of in
days when travel through the country was still attended by so many
difficulties.
The supplies intended for home use were distributed in this manner: Leeds
was the head-quarters of a body of merchants who were in the habit of going
all over England with droves of packhorses loaded up with the cloth which
had been bought in the open-air market, as already described. These
travelling merchants did not sell to householders, since that would have
constituted them pedlars. They kept to the wholesale business, dealing only
with shopkeepers in the towns or with traders at the fairs; but they
operated on such a scale that, Defoe says, "'tis ordinary for one of these
men to carry a thousand pounds value of Cloth with them at a time, and
having sold it at the Fairs or Towns {147}where they go, they send their
Horses back for as much more, and this very often in the Summer, for they
chuse to travel in the summer, and perhaps towards the Winter time, tho' as
little in Winter as they can, because of the badness of the Roads."
Other of the buyers on the Leeds market sent their purchases to London,
either carrying out commissions from London traders or forwarding on
consignment to factors and warehousemen who themselves supplied wholesale
and retail dealers in London, besides despatching great quantities of
coarse goods abroad, especially to New England, New York, Virginia, etc.
The Russian merchants in London also sent "an exceeding quantity" to St
Petersburg, Riga, Sweden, Dantzic and Pomerania.
Public-domain text, read in full here on John Shaqi.
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