05.11.2013 Views

Cosmopolitan Networks in Commerce and Society 1660–1914

Cosmopolitan Networks in Commerce and Society 1660–1914

Cosmopolitan Networks in Commerce and Society 1660–1914

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

CAROLYN DOWNS<br />

The Liverpool Problem <strong>and</strong> a Solution<br />

One of Eccleston’s most strik<strong>in</strong>g observations <strong>in</strong> the early letters is his<br />

enthusiastic description of Liverpool as flow<strong>in</strong>g with milk <strong>and</strong><br />

honey. Despite extensive efforts <strong>and</strong> well-placed contacts, however,<br />

Eccleston found it almost impossible to break <strong>in</strong>to the established<br />

commercial networks <strong>in</strong> that city. He could not get sufficient warehous<strong>in</strong>g<br />

or shipp<strong>in</strong>g space. 43 Liverpool had a system of merchants’<br />

associations that were well established by 1780, <strong>and</strong> entry to both the<br />

West Indies Merchants’ Association <strong>and</strong> the Africa Merchants’ As so -<br />

ci ation was a prerequisite to success <strong>in</strong> those markets, offer<strong>in</strong>g access<br />

to shipp<strong>in</strong>g space <strong>and</strong> warehous<strong>in</strong>g. 44 These formal networks offered<br />

benefits for the <strong>in</strong>dividual trader but also limited free trade as it<br />

could be difficult for an outsider to break <strong>in</strong>to a well-established<br />

group with clear sets of membership credentials. As Casson notes <strong>in</strong><br />

the <strong>in</strong>troduction to this collection: ‘not all networks are a pleasure to<br />

belong to; some professional networks can be very competitive, for<br />

example, <strong>and</strong>, far from welcom<strong>in</strong>g new members, act more like a<br />

clique or a cartel. People still seek entry, however, because of the economic<br />

advantage that can be obta<strong>in</strong>ed.’ 45<br />

A formalized network undoubtedly offers an <strong>in</strong>dividual trader<br />

benefits, especially <strong>in</strong> the development of a more united <strong>and</strong> cohesive<br />

approach to cop<strong>in</strong>g with rapidly chang<strong>in</strong>g market circumstances <strong>in</strong> a<br />

difficult trad<strong>in</strong>g environment. Formalized networks may also<br />

<strong>in</strong>crease the diversity of markets <strong>and</strong> access to commodities for those<br />

with<strong>in</strong> the network. 46 The disadvantages, though, are that a network<br />

which is not open to new members may miss, or be late to exploit,<br />

new opportunities. Eccleston appears to have found it difficult to<br />

ga<strong>in</strong> more than a toehold <strong>in</strong> the West Indies Association despite hav<strong>in</strong>g<br />

a number of friends <strong>in</strong> Liverpool on whose services he could call.<br />

These <strong>in</strong>cluded Thomas Park, who bore the nickname Tummus a<br />

Didimus (doubt<strong>in</strong>g Thomas), Mr Kendall, Joshua Holt, <strong>and</strong> Daniel<br />

Steel, who appears to have been l<strong>in</strong>ked <strong>in</strong> some way to the Liverpool<br />

43 LLLSC, MS 3734, Eccleston to Walker <strong>and</strong> Nash, Barbados, 3 Jan. 1780.<br />

44 Hyde, Liverpool <strong>and</strong> the Mersey, 41.<br />

45 See Mark Casson’s essay <strong>in</strong> this volume.<br />

46 Aless<strong>and</strong>ra Casella <strong>and</strong> James E. Rauch, ‘Anonymous Market <strong>and</strong> Group<br />

Ties <strong>in</strong> International Trade’, Journal of International Economics, 58 (2002) 19–47.<br />

358

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!