The Voyages To
And From England Occupied A Year, And Were Deemed Very Difficult And
Dangerous.
So long as Chios remained in the possession of the Genoese, and
Candia in that of the Venetians, England traded with these islands; but
ceased to trade when the Turks conquered them.
From 1553, to 1575, the
Levant commerce was quite discontinued by England, though during that
period, the French, Genoese, Venetians, and Florentines, continued it, and
had consuls at Constantinople.
The small and temporary trade with the Genoese and Venetian possessions in
the Levant, seems to have been attended with such profit, and to have
opened up such further prospects of advantage, as to have given rise to a
direct trade with Turkey, and the formation of the Turkey Company. The
enlightened ministers of Elizabeth effected these objects: they first sent
out an English merchant to the Sultan, who obtained for his countrymen all
the commercial advantages enjoyed by the Venetians, French, Germans, and
Poles. Two years afterwards, in 1581, the Turkey Company was established.
Sir William Monson, in his Naval Tracts, assigns the following as the
causes and reasons why England did not sooner embark in the Turkey trade
for Persian and Indian merchandize: 1. That there was not sufficient
shipping; 2. the hostility of the Turks; and, lastly, England was supplied
with Levant goods by the Venetian ships, which came annually to
Southampton. He adds, "the last argosser that came thus from Venice was
unfortunately lost near the isle of Wight, with a rich cargo, and many
passengers, in the year 1587." The Turkey Company carried on their concern
with so much spirit, that the queen publicly thanked them, with many
encouragements to go forward for the kingdom's sake: she particularly
commended them for the ships they then built of so great burden. The
commodities of Greece, Syria, Egypt, Persia, and India, were now brought
into England in greater abundance, and sold much cheaper than formerly, and
yet the returns of this trade are said to have been, at its commencement,
three to one.
It is not our object, nor would it be compatible with our limits, to trace
the progress of commerce minutely, in any of its branches, but rather to
point out, as it were, its shootings in various directions; and any special
causes which may have given vigour to its growth, or have retarded it. 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:
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