The early English cotton industryDaniels, George W. (George William)
History
The early English cotton industry
Daniels, George W. (George William)
Cotton machinery; Cotton trade -- Great Britain
Their concern consisted of two branches, one in Manchester and the
other in London, where George was a citizen and a member of the
Merchant Taylors’ Company.[128] In 1619, when a new deed of partnership
was drawn up, Humphrey was described as a “chapman” and his brother as
a “grocer,” and their business was said to consist “in the trade of
buying and selling fustians and other wares and merchandises.” George
had to manage “the factory and business of the joint-trade in and about
the city of London,” and Humphrey had to do the same in and about
Manchester, and in any other parts of England. At this time they had a
joint stock of about £10,000.[129]
[Footnote 128: _Ibid._, p. 7. This system of having a branch in
Manchester and one in London was apparently customary at the time. It
seems to have obtained in the case of William Mosier, mentioned above.
_Cf. ante_, p. 32, note.]
[Footnote 129: _Ibid._, pp. 14-15.]
When Fuller wrote his account of Humphrey Chetham he stated that three
brothers of the family were engaged in the Manchester trade, and that
they dealt chiefly in fustians purchased in the Bolton market, which
they sent to London, and from this account it has been generally
deduced that they were simply dealers in fustians. With the publication
of an authentic life of Humphrey Chetham it has become apparent that
he was more than this. In the Manchester district he bought “friezes,
fustians, coattons, and haberdasherye,” which he not only sent in large
quantities to the London market, but sold them by retail in Manchester.
He was a general merchant who purchased a large variety of goods in all
parts of the Manchester district. In addition he was a “manufacturer”
employing people over an extensive area in spinning yarn, and in
weaving and finishing cloth, and other members of the family were
similarly engaged.[130]
[Footnote 130: Raines and Sutton, _Life of Humphrey Chetham_, pp. 8-15,
123-124. Chetham employed people in Manchester, Ashton, Hollinwood,
Eccles and other places.]
In 1626 his accounts reveal several significant facts[131]:
Money lent in various sums (the highest
being £200 and the lowest £1, 10s. £785 9 4
To Wool sold to a great many persons (the
regular price being £21 for 1 pack of
Cypress wool 12xx (score weight)) 124 18 8
For Irish yeorne (yarn) 89 13 4
For (dossen) dozen yeorne 1 14 6
Wooll sould by retale 18 8 0
Ditto 210 13 0
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In all £1230 16 10
[Footnote 131: _Ibid._, p. 30.]
Public-domain text, read in full here on John Shaqi.
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