History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
Penniless boys, girls and adults were impressed by sheer necessity into
service. Nicholas Auger, 10 years old, binds himself, in 1694, to
Wessell Evertson, a cooper, for a term of nine years, and swears that
"he will truly serve the commandments of his master Lawfull, shall do no
hurt to his master, nor waste nor purloin his goods, nor lend them to
anybody at Dice, or other unlawful game, shall not contract matrimony,
nor frequent taverns, shall not absent himself from his master's service
day or night." In return Evertson will teach Nicholas the trade of a
cooper, give him "apparell, meat, drink and bedding" and at the
expiration of the term will supply him with "two good suits of wearing
apparell from head to foot." Cornelius Hendricks, a laborer, binds
himself in 1695 as an apprentice and servant to John Molet for five
years. Hendricks is to get L3 current silver money and two suits of
apparell--one for holy days, the other for working days, and also board
is to be provided. Elizabeth Morris, a spinster, in consideration of her
transportation from England to New York on the barkentine, "Antegun,"
binds herself in 1696 as a servant to Captain William Kidd for four
years for board. When her term is over she is to get two dresses. These
are a few specific instances of the bonding system--a system which
served its purpose in being highly advantageous to the merchants and
traders.
THE FISHERIES OF NEW ENGLAND.
Toward the close of the seventeenth century the merchants of Boston were
the richest in the colonies. Trade there was the briskest. By 1687,
according to the records of the Massachusetts Historical Society, there
were ten to fifteen merchants in Boston whose aggregate property
amounted to L50,000, or about L5,000 each, and five hundred persons who
were worth L3,000 each. Some of these fortunes came from furs, timber
and vending merchandise.
But the great stimuli were the fisheries of the New England coast.
Bellomont in 1700 ascribed the superior trade of Massachusetts to the
fact that Fletcher had corruptly sold the best lands in New York
province and had thus brought on bad conditions. Had it not been for
this, he wrote, New York "would outthrive the Massachusetts Province and
quickly outdoe them in people and trade." While the people of the South
took to agriculture as a main support, and the merchants of New York
were contented with the more comfortable method of taking in coin over
counters, a large proportion of the 12,000 inhabitants of Boston and
those of Salem and Plymouth braved dangers to drag the sea of its spoil.
They developed hardy traits of character, a bold adventurousness and a
singular independence of movement which in time engendered a bustling
race of traders who navigated the world for trade.
Public-domain text, read in full here on John Shaqi.
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