FREE BOOKS

Author's List




PREV.   NEXT  
|<   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253  
254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   >>   >|  
or tales, whereby discord or occasion of discord or slander may grow between the King and his people, or the great men of the realm." Anyone doing so shall be imprisoned until he brings into the court the first author of the tale. A system of registration and enforcement of commercial agreements was established by statute. Merchants could obtain a writing of a debt sealed by the debtor and authenticated by royal seal or a seal of a mayor of certain towns, and kept by the creditor. Failure to pay a such a debt was punishable by imprisonment and, after three months, the selling of borough tenements and chattels and of county lands. During the three months, the merchant held this property in a new tenure of "statute merchant". (Prior to this, it was difficult for a foreign merchant to collect a debt because he could not appear in court which did not recognize him as one of its proper "suitors" or constituents, so he had to trust a local attorney. Also, the remedy was inadequate because the history of the law of debt was based on debt as a substitute for the blood feud, so that failure to pay meant slavery or death. Also a debtor's land was protected by feudal custom, which was contrary to the idea of imposing a new tenant on a lord.) "In no city, borough, town, market, or fair shall a person of the realm be distrained for a debt for which he is not the debtor or pledge." Anyone making those passing with goods through their jurisdiction answer to them in excess of their jurisdiction shall be grievously amerced to the King. No market town shall take an outrageous toll contrary to the common custom of the nation. Since good sterling money has been counterfeited with base and false metal outside the nation and then brought in, foreigners found in the nation's ports with this false money shall forfeit their lives. Anyone bringing money into the nation must have it examined at his port of entry. Payments of money shall be made only by coin of the appropriate weight delivered by the Warden of the Exchange and marked with the King's mark. (A currency exchange was established at Dover for the exchange of foreign currency for English sterling.) The silver in craftwork must be sterling and marked with the Leopard's Head. The gold in craftwork must meet the standard of the Touch of Paris. The assize of bread and ale had been and was enforced locally by local inspectors. Now, the Crown appointed royal officers fo
PREV.   NEXT  
|<   229   230   231   232   233   234   235   236   237   238   239   240   241   242   243   244   245   246   247   248   249   250   251   252   253  
254   255   256   257   258   259   260   261   262   263   264   265   266   267   268   269   270   271   272   273   274   275   276   277   278   >>   >|  



Top keywords:

nation

 
merchant
 
Anyone
 

debtor

 
sterling
 
borough
 
jurisdiction
 

custom

 

contrary

 

market


foreign
 
months
 

craftwork

 
established
 
statute
 

discord

 
marked
 

exchange

 

currency

 

Warden


excess

 

grievously

 

amerced

 

outrageous

 

delivered

 

common

 

enforced

 
locally
 
pledge
 

making


officers

 

distrained

 
passing
 

Exchange

 

inspectors

 

assize

 

appointed

 

answer

 

forfeit

 
English

silver

 

bringing

 

person

 

Payments

 
examined
 

Leopard

 

foreigners

 

standard

 

weight

 

counterfeited