The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
"So the most part of all the towns of England," quoth the merchant,
"London excepted; and not only the good towns are decayed sore in their
houses, streets, and other buildings, but also the country in their
highways and bridges; for such poverty reigneth everywhere that few men
have so much to spare as they may give anything to the reparation of
such ways, bridges, and common easements. There is such a general dearth
of all things as I never knew the like, not only of things growing
within this realm, but also of all other merchandise that we bye beyond
the seas, as silks, wines, oils, etc. I wot well all these do cost me
more now by the third part well than they did but seven years ago."
"Such of us," says the knight, "as do abide in the country still can not
with £200 a year keep that house that we might have done with 200 marks
but sixteen years ago."
The course of the enhancement of foreign prices is thus argued between
the merchant and the doctor.
_Merchant._--"We that be merchants pay dearer for everything that cometh
over the sea, even by the third part well. And because they of beyond
the sea will not receive our money for their wares, as they were glad in
past times to do, we are fain to buy English wares for them, and that
doth cost us dearer by the third part, yea almost the one-half, dearer
than they did before time, for we pay 8s. for a yard of cloth that
within these ten years we might have bought for 4s. 8d. When we have
thus dear bought outlandish ware, then we have not so good vent of them
again as we have had before time, by reason there be not so many buyers,
for lack of power, though indeed in such things as we sell we consider
the price we bought them at."
Public-domain text, read in full here on John Shaqi.
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