Fancy – I can do it easily, over my sea-coal fire – fancy the coal dug out of the pit, put into a waggon, that waggon put on a railway – travelling, it may be, some distance, and depositing its precious burden in a collier’s hold; imagine this collier put to sea, and safely arrived in the Thames. As Mr. Cobden said, “What next, and next?” Here a new agency comes into play, the coal cannot come right to my fire. We leave the collier at Gravesend and land, let us say, at Billingsgate – never mind the fish, nor the porters, nor the fair dealers in marine products. Come right away into Thames Street – cross it if you can, for this street, of all London streets, bears away the palm for being blocked up at all times and seasons, and this morning there has been a block lasting a couple of hours; but the people here are used to it, and do not think it worth while to have recourse to hard words, nor to repeat sounds very much like oaths, nor to grow red in the face and threaten each other, as is the case with the angry Jehus of Cheapside and Holborn Hill. We enter a handsome building by a semi-circular portico, with Roman Doric columns, and a tower 106 feet high. A beadle in magnificent livery, and of an unusually civil character – for beadledom is generally a terror to our species – meets us. We wish to see our friend; right into the middle of a busy group of coal dealers and factors the beadle rushes, and repeats the name of our friend; up one story, and then another, and then another, the sound ascends; our friend hears it, and, rapidly descending, gives us a welcome as warm as his own fire-side. We begin our voyage of discovery: – first we descend and examine a Roman well, in excellent preservation, discovered in excavating the foundation of the new building. The water looks thick and muddy, but they tell you it is clear: but the fact that it ebbs and flows seems to connect it with the Thames; and Thames water, when taken opposite Billingsgate, is not generally considered clear. We again ascend to the ground-floor, which is a rotunda sixty feet in diameter, covered by a glazed dome seventy-four feet from the floor. This circular hall has three tiers of projecting galleries running round it; the floor is composed of 4000 pieces of inlaid wood, in the form of a mariner’s compass; in the centre is the city shield, anchor, &c., the dagger blade in the arms being a piece of mulberry tree, planted by Peter the Great when he worked as a shipwright in Deptford Dockyard. The place is worth coming to see – country cousins ought to look at it; the entrance vestibule, Mr. Timbs, in his “Curiosities of London,” informs us, is richly embellished with vases of fruit, arabesque foliage, terminal figures, &c. In the rotunda, between the Raphaelesque scroll-supports, are panels painted with impersonations of the coal-bearing rivers of England – the Thames, Mersey, Severn, Trent, Humber, Aire, Tyne, &c.: and above them, within flower borders, are figures of Wisdom, Fortitude, Vigilance, Temperance, Perseverance, Watchfulness, Justice, and Faith. The arabesques in the first story are views of coal mines – Wallsend, Percy, Pit Main, Regent’s Pit, &c. The second and third storey panels are painted with miners at work; and the twenty-four ovals at the springing of the dome have, upon a turquoise blue ground, figures of fossil plants found in coal formations. The minor ornamentation is flowers, shells, snakes, lizards, and other reptiles, miners’ tools and nautical subjects; – there you can see all the process of coal mining, without troubling yourself to go down a mine, and in a small museum, too small for such a grand building and such a wealthy trade, curious specimens of fossil products and coal will make the observer still more learned; but let us look at the living mass beneath. Some of the men below are famous city names. There sometimes you may see Sir James Duke, who came to London a clerk, poor and under-paid, on board a man-of-war, and who on this Coal Exchange has made a colossal fortune, and who was made a baronet, he being at the time Lord Mayor, when the New Exchange was opened by Prince Albert, on the 29th Oct., 1849, accompanied by the Prince of Wales and the Princess Royal. Here oftener you may see Hugh Taylor, M.P., who began life as a cabin-boy, then became a captain, then was developed into a coal-owner, and who is said to be a perfect Midas, and possesses an art, very much, thought of by city people, of turning everything he touches into gold. On a door just below where we stand is inscribed the name of Lord Ward, for even noblemen don’t mind sullying their fingers with vulgar trade, if anything is to be made by it. And there is the name of a Welsh coal-owner, who, some fifty years back, was a clerk in a certain timber merchant’s, at a guinea a week, and who now, I believe, can raise and ship a couple of thousand tons of coal a day. Depend upon it there is some money made by these black diamonds, and the corporation of London know it, for they have managed to get a tax levied of one penny on every ton of coals, whether brought by sea or rail within thirty miles of where we stand. What they do with the enormous sum thus collected it is impossible to say; it is true they built this handsome Exchange, at a cost altogether of £91,167. 11s. 8d., but that is a small part of their receipts. When the tax was first levied it did not much matter; about the year 1550 one or two ships sufficed for the coal trade of London. On Friday, December 2nd, 1859, the number of ships with cargoes for sale on that day was not less than 340 – and on an average each ship employed in the coal trade carries 300 tons of coal. In the month of October alone there were brought into the London markets 283,849 tons by sea, and by rail 95,195 tons and three-quarters. Of course in winter time the trade is very brisk. The retail dealers in the metropolis will tell you that a few cold days make an enormous difference in the sale of coals, and the large dealers are driven to their wits’ end as to how they can find enough waggons and horses to enable them to supply their customers. In the large coal-yards in the winter time the men are at work from five in the morning till late, very late, at night. I am thankful for their industry, I hope they are well paid.
But I have not yet said how the business at the Coal Exchange is carried on. There are two classes of men connected with the place, – the factors, who have a handsomely furnished room up above, and who elect each other by ballot, – and the merchants, who have a room