Merchants of the Staple

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.

From 1314, the Crown required all wool for export to be traded at a designated market, called 'The Staple'. This allowed the Crown to monitor the trade and levy tax on exports.

The staple was first fixed at Antwerp then successively moved to Saint-Omer, Bruges, Brussels, Louvain, Mechelen 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.

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.

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