Salt and the salt industryCalvert, Albert Frederick
History
Salt and the salt industry
Calvert, Albert Frederick
Salt industry and trade; Salt industry and trade -- England -- Cheshire
The opposition of the salt trade to the introduction of new methods of
manufacture is explained by the fact that the profits accruing from
the old, clumsy, crude, and wasteful process were so large that the
proprietors could see no possible reason for welcoming innovations.
Moreover, the manufacture under established conditions was in the
hands of a comparatively small number of makers, who could not adopt
new measures without letting in more men, and the long tenure of
their monopoly made the salt-men intolerant of a competitive system.
Opposition was so abominable to them that, while they would combine as
one man to keep out the daring intruder, or to crush such an one if he
succeeded in getting in, they were not at all averse from employing
similar tactics for the purpose of exterminating one another. Although
it had cost them over a quarter of a million sterling to dispose of
William Furnival, the game of price-cutting was not discontinued after
1833. In order to safeguard themselves against the periodical falls in
prices, which, if persisted in, would mean wholesale ruin, all sorts of
associations, syndicates, trusts, committees, and pools were formed for
the regulation of stocks and prices, but each successive combination
was successively abandoned, and was followed by another period of
bitter jealousy and trading loss. Between 1846 and 1880, the trade was
being continually reorganized for offensive and defensive commercial
purposes, but, in 1881, it was admitted that, in spite of all attempts
to encourage a better feeling among the leading manufacturers, “the
spirit of envy, hate, malice, and all uncharitableness, which has
so long been the bane of the salt trade, has again become rampant,”
with the result that the price of common salt--4s., less the brokers’
discount of 5 per cent.--was the lowest that it had touched since the
American Civil War. Two years later it was declared that the trade,
instead of being ruled by common sense and business experience, was
being ruined by personal animosities and trade jealousies.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account