The Life of Sir Thomas Gresham; Founder of the Royal Exchange

The Life of Sir Thomas Gresham; Founder of the Royal Exchange

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1844 edition. Excerpt: ...and commodious place, the proposal was negatived in the common council by a show of hand. Cavendish. Life of Cardinal Wolssey., ___, B In another attempt, and one which was attended by results still more important than those which proceeded from the building of the Exchange, Sir Richard Gresham was more successful. By a recent proclamation the liberty of barter, or of exchanging one commodity for another, was pro-hibited. Sir Richard showed to Audeley, the lord privy seal, that this would be very mischievous, and ought to be abrogated without loss of time; that it was in the highest degree necessary that all merchants, whether subjects or foreigners, should be permitted to exercise and deal in exchanges and rechanges without restraint; and that the want of such liberty was a great detriment to trade, and occasioned the unnecessary exportation of _ John Ward. Lives of the Gresham Professors. Ward gives Sir Richard's Letters in his Appendix. much gold out of the kingdom. "If," wrote Sir Richard, " it shall not please the king's goodness shortly to make a proclamation, that all manner of merchants, as well his subjects as all other, may ever use and exercise their exchanges and rechanges frankly and freely, as they have heretofore done, without any let or impediment, it will cause a great many of cloths and kerseys to be left unsold in the cloth-maker's hands, if it be not out of hand remedied: for Bartholomew Fair will be shortly here, which is the chief time for the utterance of the said cloths and kerseys. Also there is divers merchants that will shortly prepare themselves toward Bordeaux for provisions of wines; and for lack of exchanges, I do suppose there will be conveyed some gold amongst them. I more

Product details

  • Paperback | 118 pages
  • 189 x 246 x 6mm | 227g
  • United States
  • English
  • black & white illustrations
  • 1236739507
  • 9781236739506