Merchants of the Staple
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The Company of Merchants of the Staple of England, the Merchants of the Staple, also known as the Merchant Staplers, is an English company incorporated by Royal Charter in 1319 (and so the oldest mercantile corporation in England) dealing in wool, skins, lead and tin which controlled the export of wool to the continent during the late medieval period. The company of the staple may perhaps trace its ancestry back as far as 1282 or even further.
In mediaeval Latin documents the common expression for staple is stabile emporium, a staple (fixed mart), where such wares had to be brought; hence the assumed derivation of staple from stabile. But the word is current in various allied meanings in the Germanic languages, as in O. Eng. stapol, stapul, a prop or post, from stapa, a step; Dutch stapel, a pile; Low Ger. stapel, a heap, a warehouse; whence also O. Fr. estaple, estape (N. Fr. étape), a station, a stage, generally a town or mart where certain wares were brought on sale, and hence called 'staple wares', or simply 'staples.' The original idea, therefore, appears to be, not so much a staple or fixed place, as a post or raised platform approached by steps, and arranged for a convenient sale of goods.
The staple was first fixed at Antwerp then successively moved to Saint-Omer, Bruges, Brussels, Louvain, Mechelin and Calais. In 1353 the staple was fixed at Westminster which drew so much business it was raised to the dignity of a town, in 1378 it was removed to Staple Inn, Holborn where it continued.
The staple at Calais
After Calais was conquered in 1347 by the English, Calais was the staple from 1363, after that right had been assigned in turns to Bruges and Antwerp in the first half of the 14th century. A group of twenty-six traders was incorporated as the Company of the Staple at Calais. In exchange for its cooperation in the payment of taxes, the company was granted a total monopoly on wool exports from England. The company was important to the English crown, both as a source of revenue, and through its role in the defence of Calais against the French.
As domestic cloth production increased, raw wool exports were less important, diminishing the power of the Merchants. In 1558, with the loss of Calais to the French, the staple was transferred to Bruges where the Merchant Staplers continued to enjoy their monopoly on exports. However, in 1614, export of raw wool was banned entirely during the Cockayne Project of William Cockayne and wool was traded only in domestic staples. The project failed however, because the States-General of the Netherlands banned the import of cloth from England. In 1617 the English lifted their ban, but the Dutch ban remained in place. The Merchant Staplers continued to exist, but only in local markets.
The Company still exists but now as a dining club, based in Yorkshire, but makes charitable contributions to charities involved in the wool business.
- G B Hotchkiss, Notes on A Treatise of Commerce by John Wheeler, New York University Press, 1931
- George Cawston, A. H. Keane, Early Chartered Companies: A.D. 1296-1858. Arnold, London. 1896
- Sholto Percy, Reuben Percy, The Percy Anecdotes, Volume XVIII, London, Boys, 1823.