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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A42621 The gentlemen wool merchants and serge-buyers case 1698 (1698) Wing G523; ESTC R218316 2,475 2

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The Gentlemen Wool Merchants and Serge-buyers CASE Shewing THE Ingrossing the Wool of Ireland into private Hands projected by some particular Factors upon Commission for Foreigners is highly prejudicial to the publick Trade of the Nation will keep down the price of English Wool and lessen the value of our Lands in England by causing the Rents to fall These Sergebuyers Factors to Foreigners upon the Credit of their great and large Commissions draw all the Sergemakers about the Country to court them for a Market and Sale of their Serges which they take in from the Country at their own Rates and Prices commonly without any certain Price or fixed time of payment And thereby these Factors have generally in their Hands very great Sums of the Country's Mony that is value in Serges for which they neither give Bill nor Bond. The Serge-maker having no other so certain and ready Market to depend upon are miserably awed and subjected to these great Factors that they dare not dispute or ask for Mony in four five six or eight Months time and can rarely get enough to support the poor Labourer the Comber and Spinner with daily Bread but now some few of these Factors are not content and satisfied with this great and profitable Commission Trade and the Credit of forty or fifty thousand Pounds of the Country's Mony in their Hands at a time without giving Bill or Bond for the same as is above set forth But they proceed further to imploy and settle Factors of their own in the Kingdom of Ireland particularly in the chief Cities and Towns of Trade as in Dublin Corke Waterford c. to ingross and buy up all the Wool in that Kingdom they can lay their Hands upon which they import into England and impose upon the Sergemakers they owe Mony to for their Serges 6d 8d 12d per Stone and more above the Market Price So that by this Method and Practice in Fact they buy up Serges here in England upon Credit without Mony and Wool in Ireland with the Country's Mony The Irish Bills of Exchange being answered and payed in London by the Foreign Bills remitted them for Serges Thus the poor Sergemaker is shamefully abused being forced to take Wool after a strange manner bought with his own Mony which they privately pack up and send about the Country to the poor sort of Sergemakers Houses who must take it and dare not refuse it in what condition soever wet or damnisied as oftentimes it happens to be By this evil Practice they break and forestall the Staple Markets And to further and force this unfair Trade they seldom will buy Serges from any but those that will take Wool from them their common Answer being your Serges do not smell of my Wool So that the Sergemaker dares not buy a lock of Wool from any Body but them And the poorer sort at least whose whole Stocks lie in their Hands has command of neither Mony nor Bill to buy as formerly from the Gentleman and Farmer or to come to the Staple Ports and open fair Markets where great quantities of Wool are always to be bought at current Price And it must be observed the breaking the ancient Staple Ports and Markets for Wool and letting it thus fall into private Hands more especially into Mens Hands that are in the Interest of Foreigners whose business is to buy up Serges as cheap as they can his Commission being greatest that can serve their Interest best and buy cheapest This with humble Submission if rightly consider'd must appear a Mischief of the highest Consequence to the Trade of this Kingdom and perfectly destructive to every Gentleman and Farmer 's Sale of his Wool And if the Causes of the present low and dead Price of Wool be nicely inquired into There does not appear a greater than these Sergebuyers ingrossing private Selling Forestalling forcing and breaking the open fair Markets and allowing but other Markets for Cattle c. to be so broke forced and forestalled every Gentleman would soon feel the Consequence and surely no particular Commodity ought more to be preserved than the noble Staple of Wool this Kingdom so justly values herself upon This Evil being grown to that pitch and heighth in three Years time that no Merchant that is not a Serge-buyer and Wool-Trucker as themselves can deal in Wool but to loss being perfectly beat out of the ancient Trade and Way of living both in England and Ireland and to become Agents to these Men to their Mortification So that it is evident these sort of Men must have the whole Market for Irish Wool to themselves which is a great Quantity and of a vast Value And of consequence the prices both of Wool and Serges will be in a very little time intirely in their Power if not prevented The Ingrossing the Wool of Ireland upon a quite different purpose viz. to advance and keep up the Price of English Wool has been attempted by several Bodies of Men but was always found too big to be master'd whilst the Markets were kept open But now by this Foreign Assistance and Method it is to be done and is already in a great measure effected 2. These Serge-buyers and Wool-Truckers getting so very considerably by the Wool they dispose off after that manner they can serve the Foreigner much cheaper than any other Factor and Serge-buyer that is not concerned in Wool which makes them all very uneasie and to declare publickly that they must likewise come into the Wool-trucking Trade too or lay down their Commissions And yet notwithstanding it may not be amiss to observe that these Men in Prudence altho' they wish heartily a stop may be put to this Practice are afraid to appear to prosecute this matter in Parliament least they should by these Wool Trucking Merchants be represented Enemies to the Interest and Profit of those Foreigners they have Imploys from and so lose their Commissions And the poorer sort of Serge-makers whose whole Stocks are in their Hands lie under a greater fear of being more oppress'd if they should appear and the Design not succeed and take effect The Continuance of this Trucking Trade will force the Serge-maker to make deceitful trucking Goods to the Discredit of the Manufactory or leave off the Trade And the Gentleman and Farmer in a short time must come to the Serge-buyer for a Market for their Wool at his Price The Grievance of this trucking Trade in other Cases having already been censured condemned and provided against by a Law it is conceived that matter needs not again in this Paper to be inlarged upon But only to observe That notwithstanding there is still a sort of Men amongst us that for their own private Interest would unmercifully oppress and inslave Mankind were it in their Power To conclude therefore hoping what has been offered tho' a great deal remains to be said may be sufficient to convince the World this Project wholly tends to the Ruine of our Trade the Inslaving and Impoverishing our People and the Interest and Benefit of Foreign Nations All which is humbly Submitted to the Wisdom of the Nation