The prejudice against unregulated trade was no doubt reinforced by the hostility of the town dealer to competitors who throve at his expense on illegal profits; but it was probably the governing body of the town which maintained the most serious opposition to all traffic that depended on the cheating of the common treasury of the borough.[104] For no trifling part of the town revenue came, as we see from the Nottingham records, from fines paid yearly by non-freemen for the privilege of holding a stall in street or market. In Canterbury “Tollerati” paid for the right of buying and selling during a limited period, and at the end of the time renewed the right by a fresh payment of what was called “Tolleration money”;[105] alien traders living without the liberties, there known as “intrantes,” took in Romney the name of “extravagantes.” Some towns shewed a jealousy of strangers, dictated no doubt by special circumstances; as in Preston, where the “Foreign Burgesses,” as distinguished from the “Inn Burgesses,” were drawn from the country gentry and squires and some inhabitants of the town,[106] and were merely freed from toll[107] for any goods bought for the use of their families, but were allowed no other profits of trade, and even though they were inhabitants had no right of common on marsh or moor, nor could they join in the election of any town officer nor be themselves elected;[108] while even with these restrictions no trader who lived outside the walls was admitted among them,[109] and it was only in course of time that alien dealers were gradually allowed on payment of a fine to set up stalls in the market-place and carry on their business under the name of “stallingers.” In general, however, an open purse was all that was needed to commend a stranger; and if the charge on it was sometimes excessive it seems to have been enforced mainly as a means of persuasion to enter the Merchant Guild.
But for whatever reason the regulation of trade was thought desirable, whether to protect the consumer’s pocket or to fill the town treasury, it certainly was not intended to keep buyers and sellers at home, to hamper their enterprise, or to abolish competition. If protection and monopoly were allowed to look big, they were never allowed to get seriously in the way of business. In theory and sometimes in fact iron chains might be flung across the King’s highway, bars thrown athwart the river, and custom house officers set at the gate to levy toll and stallage.[110] But gates and bars and chains swung open everywhere before the trader “if he have the penny ready to take to;” the guilds enlarged their rolls for foreigners,[111] the towns granted them their privileges liberally. Since a man could hold citizenship in more than one borough a speculator or merchant doing business in a large way might always circumvent the rules against foreign dealers by being made citizen in some convenient trading centre as well as in his own town,[112] and so obtain power to carry on the business proper to an alien speculator with all the privileges of a resident burgher. Every pedantic hindrance, indeed, was removed out of the way of his enterprise, for a very slight study of town records disposes of the idea that mediæval trade was ultimately governed by the formal laws of statute books. Monopoly was broken through whenever it was advisable or convenient for special occasions. Bakers and victuallers who rose to municipal offices turned the assize of bread and the inspection of cooking houses and fish stalls into an idle tale. In the hands of merchants the laws of buying and selling were manipulated so as to interfere neither with the free circulation of goods nor with the instinct of the dealer to buy in the cheapest market and sell in the dearest; and it was still left possible to carry food where it was most needed, whether to supply a manufacturing centre such as Norwich or a city which was rapidly doubling its population like London.[113] If the law ordained that the forestaller was to be heavily fined for the first offence; for the second to lose his merchandise and be put in the pillory; and for the third to be deprived of the freedom of the city, the law was simply ignored, or some trifling fine was inflicted – a paltry sum which a prosperous trader might easily disregard.[114] In fact it would almost seem that the actual result of the trade laws was mainly to give the rich wholesale merchant an additional advantage over the poor trader. Forestalling and regrating became the fashionable privilege of town councillors and magnates who through their position and their wealth found it doubly easy to evade local ordinances, of London merchants who were buying all over the country to supply the needs of the growing city, and of dealers on a large scale