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The system of public trading houses goes back to colonial days. At first in Plymouth and Jamestown all industry was controlled by the commonwealth, and in Massachusetts Bay the stock company had reserved the trade in furs for themselves before leaving England. The trade was frequently farmed out, but public "truck houses" were established by the latter colony as early as 1694-5.
My nephew was ready to sail about the beginning of January 1694-5; and I, with my man Friday, went on board, in the Downs, the 8th; having, besides that sloop which I mentioned above, a very considerable cargo of all kinds of necessary things for my colony, which, if I did not find in good condition, I resolved to leave so.
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