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Adams, Brooks, 1848-1927

"The Emancipation of Massachusetts"

For many
years these Germans seem to have monopolized the carrying trade, for it
was not till the thirteenth century that Englishmen appear to have made an
effort at competition. However, about 1296 certain London mercers are said
to have obtained a grant of privileges from John, Duke of Brabant, and to
have established a wool market at Antwerp. [Footnote: Andersen's
_History of Commerce_.] The recognition of the Flemish government was
of course necessary; but they could hardly have maintained themselves
without some support at home; for, although their warehouse was abroad,
they were English merchants, and they must have relied upon English
protection. No very early documents remain; but an elaborate charter,
granted by Edward IV. in 1463, proves that the corporation had then had a
long legal existence. [Footnote: Hakluyt's _Voyages_, i. 230.] The
crown thereby confirmed one Obrey, the governor, in his office during
pleasure, with the wages theretofore enjoyed; existing laws were approved;
the governor and merchants were empowered to elect twelve Justicers, who
were to hold courts for all merchants and mariners in those parts; and the
company was authorized to regulate the trade and control the traders,
provided no laws were passed contrary to the intent of that charter.
Here, as in the Merchant Guild, the inevitable aristocratic revolution
took place, and the old democratic brotherhood became a strict monopoly.


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