London (England) -- History; London (England) -- Social life and customs
This company sent out Sir Hugh Willoughby, with three ships, to find a
north-east passage to China. But Sir Hugh was forced to put in at a port
in Russian Lapland, where he and all his men were frozen to death. The
Russian Company became whalers, and quarrelled with the Dutch over the
fishing. It had a checkered career, and finally died, but, like the
Eastland Company, it continued to elect officers and to dine together
long after its work was over. Or the Turkey Company, which lasted from
1586 to 1825, when it dissolved? Or the Royal African Company, which
lived from 1530 to 1821? There were, also, the Merchants of Spain; the
French Merchants; the Merchants of Virginia; the East India Company, the
greatest and most powerful of any trading company ever formed; the
Hudson Bay Company, which still exists; the South Sea Company; the
Guinea Company; the Canary Company. Some of these belong to a later
period, but they speak of the spirit of the enterprise and adventure
first awakened under Elizabeth.
In the Church of St. Martin Outwich, now pulled down, was a monument to
the chief actor in the promotion of these trading companies. "Here,"
said the tombstone, "resteth the body of the worshipful Mr. Richard
Staple, elected Alderman of this city 1584. He was the greatest Merchant
in his time; the chiefest Actor in the Discovery of the Trade of Turkey
and East India; a man humble in prosperity, painful and ever ready in
affairs public, and discreetly careful of his private. A liberal
house-keeper, bountiful to the Poor, an upright dealer in the world, and
a devout inquirer after the world to come.... _Intravit ut exiret._"
The increase of trade had another side. It was accompanied by
protection, with the usual results. "In the old days," says Harrison,
"when strange bottoms were suffered to come in, we had sugar for
fourpence the pound that now is worth half a crown; raisins and currants
for a pennie that now are holden at sixpence, and sometimes at
eightpence and tenpence, the pound; nutmegs at twopence halfpenny the
ounce; ginger at a pennie the ounce; prunes at a halfpenny farthing;
great raisins, three pound for a pennie; cinnamon at fourpence the
ounce; cloves at twopence; and pepper at twelve or sixteen pence the
pound." He does not state the increase in price of the latter articles;
but if we are to judge by that of sugar, the increase of trade was not
an unmixed blessing to those whose incomes had not advanced with equal
step.
Public-domain text, read in full here on John Shaqi.
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