Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850Various
History
Blackwood's Edinburgh Magazine, Vol. 67, No. 415, May, 1850
Various
England -- Periodicals; Scotland -- Periodicals
In order to be enabled to state, as much as possible upon my own
knowledge, the extent to which the internal markets of the country are
depressed, and the consumption of produce is declining, I have
instituted inquiries among some of the leading houses in Liverpool, who
send travellers into the country, and the reports given are fully as
discouraging as those given by Messrs Littledale, as to the difficulty
both of making sales and collecting accounts. From a gentleman connected
with a leading firm in the tea trade, I learn that in the country over
which their travellers prosecute their business, the orders which they
receive are for very limited quantities, and are, in fact, demonstrative
of what, in mercantile parlance, is styled “a hand to mouth” business.
Excessive caution and want of spirit characterise the feelings of the
retail trade everywhere.
Some of these parties, he suggests, may have locked up a portion of
their capital in railway investments, or perhaps lost it. Still, hand to
mouth orders—orders for a week’s instead of a month’s consumption, would
tell in the long run, if they served to make up the aggregate of past
years. But they do not. The consumption of this necessary article is
found to be declining; and the objection of the retail dealer to order
as largely as usual is accounted for, in the majority of cases, by the
inability of the farming and middle classes to pay their accounts as
punctually as heretofore. It must be borne in mind, in treating of the
consumption of such an article as tea—and I may include coffee, sugar,
&c.—that they frequently form the substitute for the poor man’s meal.
When the consumption of tea declines, in times acknowledged to be bad,
it is the worst sign of the condition of the community.
Public-domain text, read in full here on John Shaqi.
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