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Updated: May 8, 2025
He was thus a daily observer of the great labour and loss of time caused by the clumsy process then adopted for dividing the rods of iron in the manufacture of nails. It appeared that the Stourbridge nailers were gradually losing their trade in consequence of the importation of nails from Sweden, by which they were undersold in the market.
They made provisions dear, and undersold honest men, and he wondered the Lord Mayor did not see to it and drive them out. He did not so much object to the Dutch, but the Spaniards no words could express his horror of them. By and by, Ambrose going out to fetch some water from the conduit, found standing by it a figure entirely new to him.
There was still bad feeling between the two peoples, and trading companies in the far east or west kept up a guerilla warfare which flooded both governments with complaints. The chief cause seems to have been the desire of the English Guinea Company to get rid of their Dutch competitors who persistently undersold them in the slave markets of the West Indies.
From a variety of causes, the number of women working in the fields is much less than was formerly the case; thus presenting precisely the reverse state of things to that complained of in towns, where the clerks, &c., say that they are undersold by female labour. The contrast is rather curious.
An elaborate tariff, with a system of prohibitions and bounties, attempted to prevent the landowner from being undersold by foreign corn, and the manufacturer from meeting competition from foreign producers.
She might frequently suffer, both in her revenue, by giving back a great part of the duties which had been paid upon the importation of such goods; and in her manufactures, by being undersold in the colony market, in consequence of the easy terms upon which foreign manufactures could be carried thither by means of those drawbacks.
London merchants already began to feel the competition of its cheap and untaxed ships, and manufacturers to complain that they were undersold in the American market, by goods brought direct from the Continental ports. A petition, therefore, was presented to the king, to carry the law into effect. The government was still too deeply embarrassed to act with energy.
Then the country grew safe and manufactures migrated from the walled and heavily taxed towns to the cheap, open villages, and from thence undersold the guilds.
In Great Britain, when any such tax is laid upon the produce of domestic industry, it is usual, at the same time, in order to stop the clamorous complaints of our merchants and manufacturers, that they will be undersold at home, to lay a much heavier duty upon the importation of all foreign goods of the same kind.
Forced to pay ready money, he was nevertheless obliged to sell on time; Gaubertin delivered his timber at long credits for the purpose of ruining his competitor. He undersold him by at least five per cent, and the end of it is that poor Mariotte's credit is badly shaken.
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