[144] Hist. MSS. Com. ix. 259; xi. 3, 70-73, 111. Davies’ Southampton, 82. Hunt’s Bristol, 74, 97-8.

[145] Survey of Birmingham, 50, 51, 52. See above, p. 63.

[146] Journ. Archæol. Ass. xxvii. 110-148. This as one among many proofs tends to show how wealth was passing not so much to the mere land-owners as to the new tenants who were combining the cloth trade with big sheep farms—the enterprising speculators who were on the watch for the cheap lands of ruined lords to increase their own business.

[147] Members of the Pepperers Company began to replace the Jews at the King’s exchange in the thirteenth century (Kingdon’s Grocers’ Company, i. x-xii.)

[148] Von Ochenkowski, 112, 125. The upgrowth of the true class of merchants is shewn in the Hull Guild whose ordinances date from 1499 (Lambert’s Guild Life, 157-160) and the York Mistery of Mercers of 1430, (Ibid. 167).

[149] For the forbidding of exportation of gold and silver and the consequent regulations about travellers by sea, see 5 Richard II. St. i. cap. 2.

[150] The Chancellor of England was given power to enquire and judge on dealings of “dry exchange,” and also Justices of the Peace of the neighbouring counties. Stat. 3 Henry VII. cap. 6. Compare Luchaire, Communes Françaises, 242-4.

[151] When in the parable of Piers Ploughman the wicked Lady Mede defends corrupt gain by the argument that merchandise cannot exist without meed or reward the answer of Conscience is that trade is nothing but pure barter.

“In merchandise is no meed I may it well avow
It is a permutation apertelich [evidently] one penny-worth for another.

”—Piers Ploughman. Pass. iv. 282, 315, 316.