The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

>30 PARLIAMENTARY COLBERTISM AD. 1689 a practical success; not only were new fields opened up bub —1776. . : mehe UDe old mines were worked more vigorously than before’, Newcastle The development of the trade and its fluctuations gave rise dustrict the . : : . employers $0 @& curious system of combination among the great capi- Srl talists for the regulation of the out-put; the trade was Fo on the deliberately organised in the Newcastle district with the wmiput view of giving a regular and steady return to all the capital invested in this employment throughout the district. The ‘vend’ was an agreement among the Newcastle coal- owners which has curious analogies with the stint? of the Merchant Adventurers; it appears to have taken very defi- nite shape about the year 1786. The object apparently was to give the owners of mines, which yielded inferior sorts of coal, a chance. The shipowners preferred to load the best sorts of coal; and if there had been no regulation, the whole trade would have been monopolised by a few collieries which yielded the best qualities, and other owners would be ruined. This result, as was argued in 1800, would not really benefit the public?, since the few high-class mines that were left would be able to charge what they liked for coals. It thus came about that the ‘vend’ was organised; it was an agreement which was officially described in 1830. A committee was formed to represent the different collieries, and “ the Proprietors of the best Coals are called upon to name the price at which they intend to sell their Coals for the succeeding twelve months; according to this price, the remaining Proprietors fix their prices; this being accomplished, each Colliery is requested to send in a Statement of the different sorts of Coals they raise, and the powers of the Colliery; that is, the quantity that each particular Colliery could raise at full work; 1 The Commissioners of 1871 estimated it as follows (Reports, etc., 1871, VIO. 852): 1660 2,148,000 tons. 1700 2,612,000 ,, 750 4,773,828 ,, 770 6,205,400 ,, 1790 7,618,728 ,, 1795 10,080,300 ,, 2 See above, p. 220. A similar arrangement existed among the Hostmen with regard to the shipment of coals in 1602. Brand, mm. 273 n. 8 See the evidence of the Town Clerk of Newcastle, Reports from Committees of House of Commons, Misc. Subjects, 1785—1800, x. 544.

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