Household words, No. 7, May 11, 1850 : $b A weekly journal
General
Household words, No. 7, May 11, 1850 : $b A weekly journal
English literature -- Periodicals
The fact that in 1597 eggs were double the price in Holborn as compared
with the eggs of Godwicke, is one of the incidental proofs of an almost
self-evident principle, that commercial intercourse, produced by
facilities of communication, is one of the great causes of cheapness
arising out of equalisation of prices. But such facilities further lower
prices, by stimulating production. It is to be noted, that while the
Attorney-General, when in the country, killed his own bullocks and
sheep, and had green geese, capons, and chickens in profusion out of his
own poultry-yard, he bought his eggs. We have no doubt that his
occasional presence at Godwicke encouraged the cottagers in the
provision of eggs for the great man’s use. He did not produce them
himself, for the carriage to London would have been most costly. But his
purchases were irregular. When the family went to Holborn, the eggs had
to seek an inferior market. If no one was at hand, the production
declined. They did not go to London, to lower the price there, by
increasing the supply.
Eggs at ten a groat, even, sound cheap. But while Coke bought his eggs
at ten a groat, he only paid two shillings a stone for his beef. Ten
eggs were, therefore, equivalent to about two pounds of beef. In this
month of April, 1850, good eggs may be bought in London at sixteen for a
shilling, which shilling would purchase two pounds of beef. Eggs are,
therefore, more than one half cheaper in London now than two centuries
and a half ago, by comparison with meat. They are far cheaper when we
regard the altered value of money. In the days of Queen Elizabeth eggs
were a common article of food. We learn from no less an authority than
the Chamberlain of a renowned inn in Kent, that the company who
travelled with the carriers used eggs plentifully and luxuriously. ‘They
are up already, and call for eggs and butter.’ (Henry IV. pt. 1.) But if
we infer that the population of London, in those days of supposed
cheapness, could obtain eggs with the facility with which we now obtain
them, and that the estimated two hundred thousand of that population
could call for them as freely as the pack-horse travellers at
Rochester,—the inference may be corrected by the knowledge of a few
facts, which will show by what means, then undiscovered, a perishable
article is now supplied with unfailing regularity, and without any limit
but that enforced by the demand, to a population of two millions and a
quarter. That such a population can be so supplied without a continuing
increase, or a perpetual variation of price, is an Illustration of
Cheapness, which involves a view of some remarkable peculiarities of our
age, and some important characteristics of our social condition.
Public-domain text, read in full here on John Shaqi.
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