The History of the Society of Merchant Venturers of the City of Bristol, With Some Account of the Anterior Merchants' Guilds

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In some directions the Society manifested free trade proclivities. Though their attempts to break down the monopoly of the East India Company were always fruitless, they succeeded in maintaining an open trade with the Turkish dominions and the Levant, defeated various efforts made in London to obtain abnormal privileges for that port, and agitated for the imposition of a low duty on foreign corn in seasons of scarcity.
The Hall also disapproved of the import duties levied at American ports in 1
...764, condemned the Stamp Tax imposed on the colonists in the following year, and conferred the freedom of the Society on the Marquis of Rockingham and his colleagues, who carried the Act which annulled that memorable blunder. But their estimate of colonial rights in regard to trade and industry was of a narrower character. In 1750, when iron was extremely dear (in 1728 the Society paid £'^2 per ton for wrought-iron moorings at Hungroad), a proposal that American raw iron should be allowed to enter this country met with much local support, and the Corporation and the Hall disbursed about ;^35o each in obtaining legislative sanction to such importa- tions.

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