Seligman, E. R. A.: Two Chapters on Mediæval Gilds.
Brentano, L.: The History and Development of English Gilds. An essay prefixed to a volume of ordinances of English Gilds, edited by T. Smith. Brentano's essay is only referred to because of the paucity of works on the subject, as it is fanciful and unsatisfactory. No thorough and scholarly description of the craft gilds exists. On the other hand, a considerable body of original materials is easily accessible in English, as in the following works:—
Riley: Memorials of London and London Life.
Smith, Toulmin: English Gilds.
Various documents illustrative of town and gild history will also be found in Vol. II, No. 1, of the Translations and Reprints, published by the Department of History of the University of Pennsylvania.
Better descriptions exist for the position of the gilds in special towns than for their general character, especially in London by Herbert, in Hull by Lambert, in Shrewsbury by Hibbert, and in Coventry by Miss Harris.
CHAPTER IV
MEDIÆVAL TRADE AND COMMERCE
19. Markets and Fairs.—Within the towns, in addition to the ordinary trading described in the last chapter, much buying and selling was done at the weekly or semi-weekly markets. The existence of a market in a town was the result of a special grant from the king, sometimes to the burgesses themselves, sometimes to a neighboring nobleman or abbey. In the latter case the tolls paid by outsiders who bought or sold cattle or victuals in the market did not go to the town or gild authorities, but to the person who was said to "own" the market. Many places which differed in scarcely any other way from agricultural villages possessed markets, so that "market towns" became a descriptive term for small towns midway in size between the larger boroughs or cities and mere villages. The sales at markets were usually of the products of the surrounding country, especially of articles of food consumption, so that the fact of the existence of a market on one or more days of the week in a large town was of comparatively little importance from the point of view of more general trade.
Far more important was the similar institution of periodical fairs. Fairs, like markets, existed only by grant from the king. They differed from markets, however, in being held only once a year or at most semi-annually or quarterly, in being invariably in the possession of private persons, never of town governments, and in the fact that during their continuance as a rule all buying and selling except at the fairs was suspended within a considerable circuit. Several hundred grants of fairs are recorded on the rolls of royal charters, most of them to abbeys, bishoprics, and noblemen; but comparatively few of them were of sufficient size or importance to play any considerable part in the trade and commerce of the country. Moreover, the development of the towns with their continuous trade tended to draw custom away from all the fairs except those which had obtained some especial importance and an international reputation. Of these, however, there was still a considerable number whose influence was very great. The best known were those of Winchester, of Stourbridge near Cambridge, of St. Ives belonging to the abbot of Ramsay, and of Boston. In early times fairs were frequently held in the churchyards, but this came to be looked upon as a scandal, and was prohibited by a law of 1285. The fairs were in many cases held just beyond the limits of a town in an open field or on a smooth hillside. Each year, some time before the opening day of the fair, this ground was formally occupied by the servants of the owner of the fair, wooden booths were erected or ground set apart for those who should put up their own tents or prefer to sell in the open. Then as merchants appeared from foreign or English towns they chose or were assigned places which they were bound to retain during the continuance of the fair. By the time of the opening of the fair those who expected to sell were arranged in long rows or groups, according to the places they came from, or the kind of goods in which they dealt. After the opening had been proclaimed no merchant of the nearby town could buy or sell, except within the borders of the fair. The town authorities resigned their functions into the hands of the officials whom the lord of the fair had placed in charge of it, and for the time for which the fair was held, usually from six to twelve days, everything within the enclosure of the fair, within the town, and in the surrounding neighborhood was under their control.