Skip to main content Accessibility help
×
Hostname: page-component-77c89778f8-rkxrd Total loading time: 0 Render date: 2024-07-23T11:29:25.203Z Has data issue: false hasContentIssue false

3 - COAL: THE STRUCTURE OF TRADE AND INDUSTRY

Published online by Cambridge University Press:  05 November 2011

Get access

Summary

Behind the overall pattern of growth in the coal trade lay a complicated system of organization comprising production, transportation and marketing. These functions remained separate for much of the period. The coal owners, the Lowthers in particular, were generally individualists, investing in their collieries to the limit of their financial abilities, facing up to such problems as drainage and transport to the quayside, and regulating their profits according to capital expenditure. Before the mid-1730s they had little direct interest in shipping, but sold at the quayside to the ships' masters. (Cumberland had no equivalent of the Tyneside ‘fitters’.) In turn, the masters disposed of the coal in Dublin, usually to middlemen, for marketing. As a result of this structure, the skippers tended to be squeezed between the two land-based interests. Faced with a tacit agreement on prices amongst the Cumberland owners, and an Irish parliament prone to pass punitive legislation if prices in Dublin rose too rapidly, the masters only occasionally succeeded in raising their profits by combined action against either the owners or the market. The fear of cutting off their own livelihood, reluctance to search out new markets, dependence on coal for all profits, and fierce resistance to becoming merely carriers, contributed to an endemic lack of organization amongst the masters. Together these pressures served to ensure that their profits were generally small.

Whilst the component parts of the trade were separate, all three had considerable interests in common, the owners and masters in particular. With only a limited demand for coal in Cumberland, the owners depended on selling in Ireland.

Type
Chapter
Information
Coal and Tobacco
The Lowthers and the Economic Development of West Cumberland, 1660–1760
, pp. 62 - 101
Publisher: Cambridge University Press
Print publication year: 1981

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×