By Jacob Price
The institution of English colonies in North the US and the West Indies within the 17th century opened new possibilities for exchange. Conspicuous one of the households who used those possibilities to achieve mercantile and social value used to be the Perry kinfolk of Devon, who created Perry and Lane, by way of the top of the century crucial London company buying and selling to the Chesapeake and different components of North the US.
Jacob expense lines the relations from Devon to Spain, eire, Scotland, the Chesapeake, New England, and London. He describes their relationships with Chesapeake society, from the Byrds and Carters to humble planters. In London, the firm's patronage gave the kinfolk excessive status between fellow businessmen, a place the founder's grandson applied to join Parliament and Lord Mayor of London. finally, the grandson's political luck as an antiministerialist introduced the relatives the enmity of the best minister, Sir Robert Walpole, and contributed to the downfall in their enterprise.
The Perrys' tale finds the interrelatedness of social, advertisement, and political background. It bargains an enormous contribution to our knowing of the character of the Chesapeake exchange and the forces shaping the luck and failure of English mercantile company within the 17th and eighteenth centuries.
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Extra info for Perry of London: A Family and a Firm on the Seaborne Frontier
Example text
He might be at his “store” as seldom as one day a week. 5 But some settled permanently. As members of this last group accumulated a bit of capital of their own, they became the peddlers, country traders and even merchants of the colony. A very few of them might even become the affluent merchant-planters described above. As such, in their dealings with merchants in England they could act more as equals than as employees or dependents. Some of the larger planters were not satisfied with the local market provided by this motley crew of ship captains, factors, peddlers, country traders and the occasional local merchant.
They frequently had to raise tobacco to satisfy their rent and taxes (commonly paid in leaf) but normally had a surplus to sell. All of them hoped and many of them eventually succeeded (if they lived long enough) in becoming independent proprietors or smallholders owning their own farms or The Business of the Perry Firm 29 small plantations, with perhaps a few indentured servants to help them. At a significantly higher level were those middling planters who owned up to twenty slaves. Higher still were the larger planters, owning more than twenty slaves.
188,091] [240,925] 1,734,876a (2,064,000 w/Cowes) 4,723,200b 494 2665 3664 27,830 33,110 137,760c a. Thomas Lane & Co. ) at Cowes b. 10,496 hhd. @ 450 lb. ea. c. Based on high wartime prices prevailing before end of war in September. Calculation based on “on board” or export prices with all duties deducted. 190/58/1 (courtesy P. Clemens). 190/64/1. 190/68/1 (courtesy P. Clemens). 190/834/9. 1697: London bills of entry (Beinecke Library, Yale). Values in last column based on prices in Proctor’s and Whiston’s price-currents in Beinecke Library, Yale, and Kress Library, Harvard.