By Ralph Davis
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Additional info for Aleppo and Devonshire Square: English Traders in the Levant in the Eighteenth Century
2 Edward Radcliffe died in I 764 and Arthur in I 767. Their nephew John was the last male Radcliffe. Hitchin Priory and all the landed estates of the family came to him in trust for his life, along with his father's money. He would be no mere country gentleman, but a magnate. He spent £9,000 on successfully contesting the parliamentary seat of St Albans, and three times that amount on reconstructing Hitchin Priory with the aid of the Adam brothers. These enterprises ate up all his free money, and more, and he was presently reduced to living modestly on the income of the settled estates, whose capital value he could not touch.
Second in importance for English trade was the great metropolis, Stamboul itself, the largest city in Europe. As the seat of a great and luxury-loving court, of an immense military and civil administration, and of a population of merchants and craftsmen to serve all their needs, Stamboul was the chief consuming centre of the Turkish Empire, drawing in wealth from all parts and distributing it to court and officials, to be spent on the produce of the whole world, and not least on the cloths of western Europe.
It affected trade very little unless the Company put substantial difficulties in the way of anyone becoming a member, or imposed measures which restricted the trade of some or all members. The first argument which the anti-monopoly propagandists used, therefore, was that the Company, by regulation or otherwise, excluded from the Levant trade many merchants who were seriously prepared to take part in it. In fact there was little difficulty about entry to the Company itself, at least on a formal level.
Aleppo and Devonshire Square: English Traders in the Levant in the Eighteenth Century by Ralph Davis