In
conformity with this plan, we shall only notice some of the more marked and
important eras of our Levant trade, prior to the commencement of the
eighteenth century. The trade to the Levant, in its infancy, like all other
trades, at a time when there was little capital and commercial knowledge,
required the formation of a company which should possess exclusive
privileges. Charters were granted to such a company for a term of years,
and renewed by Elizabeth. In 1605 king James gave a perpetual charter to
the Levant Company: the trade was carried on with encreasing vigour and
success: our woollen manufactures found a more extensive market: the
Venetians, who had for many years supplied Constantinople and other ports
of the Levant, were driven from their markets by the English, who could
afford to sell them cloths cheaper; and English ships began to be preferred
to those of Venice and other nations, for the carrying trade in the
Mediterranean. According to Sir W. Monson, England exported broad cloth,
tin, &c. enough to purchase all the wares we wanted in Turkey; and, in
particular, 300 great bales of Persian raw silk yearly: "whereas a balance
of money is paid by the other nations trading thither. Marseilles sends
yearly to Aleppo and Alexandria at least 500,000_l_. sterling, and little
or no wares. Venice sends about 400,000_l_.
Pages:
655
656
657
658
659
660
661
662
663
664
665
666
667
668
669
670
671
672
673
674
675
676
677
678
679