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When the merchant comes to his customer the wholesale-man, or warehouse-keeper, for money, he tells him, 'I have no money, Sir; I cannot pay you now; if you call next week, I will pay you. Next week comes, and the merchant calls again; but it is the same thing, only the warehouseman adds, 'Well, I will pay you next week, without fail. When the week comes, he tells him he has met with great disappointments, and he knows not what to do, but desires his patience another week: and when the other week comes, perhaps he pays him, and so they go on.
In going to our boarding-house, the sign of the Baltimore Clipper, I generally passed through a narrow street called "Launcelott's-Hey," lined with dingy, prison-like cotton warehouses. In this street, or rather alley, you seldom see any one but a truck-man, or some solitary old warehouse-keeper, haunting his smoky den like a ghost.
In a word, a tradesman that buys upon credit, that is to say, in a course of credit, such as I have described before, may let the merchant or the warehouse-keeper call two or three times, and may put him off without much damage to his credit; and if he makes them stay one time, he makes it up again another, and recovers in one good payment what he lost in two or three bad ones.
The warehouse-keeper having the order from his merchant, is furnished in time, and obliges his customer; then says he to his servant, 'Well, this H.G. of Devizes is a clever workman, understands his business, and may be depended on: I see if I have an order to give that requires any exactness and honest usage, he is my man; he understands orders when they are sent, goes to work immediately, and answers them punctually.
Suppose the tradesman to be a warehouse-keeper, who trades by commission, and this person, being a clothier in the country, comes to offer him his business, the commission of which might have been worth to him thirty to forty or fifty pounds per annum; but finding him abroad, or rather, not finding him at home and in his business, goes to another, and fixes with him at once.
He proposed to join the laws of excise to those of the customs; that the further subsidy of three farthings per pound charged upon imported tobacco, should be still levied at the custom-house, and payable to his majesty's civil list as heretofore; that then the tobacco should be lodged in warehouses, to be appointed for that purpose by the commissioners of the excise; that the keeper of each warehouse, appointed likewise hy the commissioners, should have one lock and key, and the merchant-importer have another; and that the tobacco should be thus secured until the merchant should find vent for it, either by exportation or home consumption; that the part designed for exportation should be weighed at the customhouse, discharged of the three farthings per pound which had been paid at its first importation, and then exported without further trouble; that the portion destined for home consumption should, in presence of the warehouse-keeper, be delivered to the purchaser, upon his paying the inland duty of fourpence per pound weight, to the proper officer appointed to receive it; by which means the merchant would be eased of the inconvenience of paying the duty upon importation, or of granting bonds and finding sureties for the payment, before he had found a market for the commodity; that all penalties and forfeitures, so far as they formerly belonged to the crown, should for the future be applied to the use of the public; that appeals in this, as well as in all other cases relating to the excise, should be heard and determined by two or three of the judges, to be named by his majesty; and in the country, by the judge of assize upon the next circuit, who should hear and determine such appeals in the most summary manner, without the formality of proceedings in courts of law or equity.
Above all things, the tradesman should take care not to be absent in the season of business, as I have mentioned above; for the warehouse-keeper to be absent from 'Change, which is his market, or from his warehouse, at the times when the merchants generally go about to buy, he had better be absent all the rest of the day.
Their capital was at first limited to thirty thousand pounds, but, by licenses from the crown, they increased it to six hundred thousand pounds, though their charter was never confirmed by act of parliament. In the month of October, George Robinson, esquire, member for Mar-low, the cashier, and John Thompson, warehouse-keeper of the corporation, disappeared in one day.
Henzill's glasshouse; and that the box was marked I. C. No. 1, and the hamper was directed by a label on the cording. About an hour after, I came to the warehouse, found the warehouse-keeper, and had the goods delivered me without any scruple; the value of the linen being about #22.
But, then, look into his books, and you shall find his factor at Blackwell Hall, who sells his cloths, or the warehouse-keeper who sells his duroys and druggets, or both together, have £2000 worth of goods in hand left unsold, and has trusted out to drapers, and mercers, and merchants, to the value of £4000 more; and look into his workhouse at home, namely, his wool-lofts, his combing-shop, his yarn-chamber, and the like, and there you will find it in wool unspun, and in yarn spun, and in wool at the spinners', and in yarn at and in the looms at the weavers'; in rape-oil, gallipoli oil, and perhaps soap, &c, in his warehouses, and in cloths at the fulling-mill, and in his rowing-shops, finished and unfinished, £4000 worth of goods more; so that, though this clothier owed £5000 at his death, he has nevertheless died in good circumstances, and has £5000 estate clear to go among his children, all his debts paid and discharged.
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