TRADE WITH LONDON MERCHANTS
MICAJAH PERRY. Micajah Perry of Perry and Lane in London was not only active in Carolina fur trade in
1702-1708, he also invested and traded in tobacco in New York, Pennsylvania, Maryland, and Virginia. His
influence with the Board of trade resulted in William Byrd’s position on the Virginia royal council. (Morton
1960 Colonial Virginia I, 414 and Donnan 1931 article “Eighteenth Century Merchants: Micajah Perry”,
Journal of Economic and Business History IV Jan 1931… 72-73 and 72-84). Numerous court records have
survived showing credit extended to Bath County residents and merchants.
The Indian trade attracted leading Bath residents such as Richard Smith and John Lawson. Richard Smith at
one time owed a London investment company 94.1.3 English pound sterling Smith, John Lawson’s future
father in law, settled in court and paid the representative of London merchant Micajah Perry and New
Pensilvania Company in furs and deerskins p. 260.
1726 Promissory Note March 28 Hugh George Lovick Merchant in London 60:240 ratio/1:4
Whereas Hercules Coyte of the province of NC hath this day drawn a Sett of Bills of Exchange upon Hugh George Lovick Merchant in
London for the Sum of Sixty pounds Sterling money of Great Britain payable to Thomas Parris or his order. Now if the said Bills of
Exchange are accepted and paid according to the Tenor of said Bills I the said Thomas Parris do hereby oblige myself my heirs
Executors and Administrators to pay unto the said Hercules Coyte or his order in No. Carolina the Sum of Two hundred and Forty
pounds public Bills of this Province. In witness whereof I have hereunto set my hand and Seal this
day of March Anno Domini
1726. Tho. Parris and a Seal. Sealed and delivered in presence of us John Parke, Robert For’ster.
GOVERNOR INSTRUCTIONS ON TRADE WITH OTHER FOREIGN MERCHANTS
1723 Instructions to Governor from Lords Proprietors to Reject paper currency for debt repayments (GO 11)
Instruction to George Burrington
P. 510 Whereas great quantities of paper mony have been as We are informed, established and made
Current in Satisfaction of divers Sums of Money which have been contracted for goods and Merchandize in the
said Province, by which means great discourgements have been given to the Merchants and Traders trading to
the Province who when they have sued for and obtained Judgement for their said debts can have no other
Satisfaction…for the same but what shall be paid or Satisfyed by Paper Credit which has been a very great loss
to such persons who do not reside in the said province altho they have fairly consigned and Sold their said
Goods to their Agents and Factors there, and they ought to have a just Satisfaction for the same….we do hereby
strictly Command and Require you that you do forthwith use all possible endeavours to gradually to Sink and
make Void the said Paper Credit.
New England trader sloops, schooners, and brigs, bought Carolina cargo usually bartered for New England rum
and re-exports of sugar and molasses or other Inter-colonial products. English war ships and foreign merchant
ships with sailors and soldiers purchased provisions from northeast Carolina, since Virginian tended to grow
more tobacco than provisions (Lawson 1709).
In the findings few of Bath’s early leading citizens and governors show selling retail, they tended to be middle
men with the exception of ex-South Carolina Governor (Colonel) Quary who moved to the Bath area in
1684(SS). Once in North Carolina Quary dabbled in inter-colonial and transatlantic commerce all the while
running a store near Bath in Romney Marsh, the first known store located in the old Bath County region (1701).
He also was commissioned Surveyor General of her Majestyes Customes in the Southern district of the
Continent of America. (Norris 2003 Beaufort County Deed Book I 1696-1729 and Cain 1984 Records of the