Now returning to the north side of the river, I would ask you to bear
in mind my reference to the petition of the London merchants in 1674.
But anything like redress from a Privy Council of which King Charles
II. was the president, was by no means easy of attainment. The king
wanted money. As is well known, his favours generally went to the
highest bidder. Moreover, the wharf proprietary consisted for the most
part of the leading City magnates, and to conciliate them—or, rather,
not to do anything to offend them—was obviously a great point with this
most worthless of merry monarchs. So the merchants petitioned in vain.
But in spite of these serious drawbacks the trade of the port steadily
increased. An immense impetus was given to the manufacturing industries
of the country by the revocation of the Edict of Nantes in 1685. This
measure had the effect of sending from 50,000 to 70,000 of the most
skilled of the French artisans to this country, and some £10,000,000 of
French money. The result was increased activity in the manufactures
of the country, and a great accession in the trade of the port. Thus,
while in the year 1613 the total value of the exports and imports had
been a little over £4,800,000, in the year 1700 they represented a
value of £13,272,891, of which London alone contributed £10,263,325.
It will, of course, be readily understood that in the absence of easy
and cheap means of internal communication, the only method by which
the manufacturing districts could get their goods into the London
markets would be by coasting-vessels. Hence this class of business
constituted the bulk of the shipping frequenting the river. Thus, in
the year 1728, while 1,839 British and 213 foreign vessels entered the
river, the number of coasting-vessels, colliers, &c., was not less
than 6,837. At this time most of the foreign trade was in the hands of
the East India Company, the Russia Company, the Levant Company, the
South Sea Company, the Hudson’s Bay Company, and the African Company.
With the exception of the cargoes carried by the ships of the East
India Company, much of the business conducted by these great companies
could be accommodated at the Sufferance Wharves, and did not present
the inducements to plunder offered by the valuable productions of
the East and West Indies. The conquests of Clive in the East Indies
resulted in an immense augmentation of the shipping of the East India
Company, and the acquisition of many of the West India Islands about
the same time led to a vast increase in the importations of sugar and
rum, which, from their value and the high duties to which they were
subject, offered tempting baits to the organised bands of river thieves
which the crowded state of the port and the unprotected condition of
the shipping and merchandise gradually called into existence. The Legal
Quays could accommodate 32,000 hogsheads of sugar only; whereas, so
early as 1756, the annual importations reached upwards of 60,200, and
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