LAURENCE OF LUDLOW AND MEDIEVAL WOOL WEALTH

[English page]

How the extraordinary growth of the wool trade not only paid for the building of Stokesay Castle, but also bought its owner influence in national politics.

http://www.english-heritage.org.uk/learn/story-of-england/medieval-...

Sinking ships, from the ‘Chronica Maiora’, 13th century
© The Master and Fwllos of Corpus Christi College, Cambridge

MERCHANT OF THE BORDERS

The life and times of Laurence of Ludlow offer an early example of one of the oldest tales of English aspiration: the rich tradesman redefining himself as a country squire.

But his story, and that of Stokesay Castle, Shropshire, built with the fortune he made from wool, is above all about the medieval wool trade: its unique status; the extraordinary prizes it created for its savviest merchants; and the perils of late 13th-century international travel.

In the 13th century wool was England’s most important export, and the principal source of the nation’s wealth. The wool of the Shropshire and Herefordshire borderlands was of particularly high quality, and from the 1270s onwards Laurence dealt, as his father had before him, in vast quantities of the fleeces produced by local sheep owners – magnates, monasteries and farmers.

A shepherd with his flock, in an early 14th-century manuscript
© British Library Board

CHAMPAGNE LIFESTYLE

Much of his business was done in Shrewsbury, but he had an office in London, and also traded overseas. He personally sold wool to merchants in the Low Countries, where it fed the cloth industry of towns like Ghent and Bruges. He attended at least one fair at Champagne, in north-west France, where merchants gathered from all over Europe.

His enterprises at home and abroad made Laurence staggeringly rich. What was a wealthy medieval merchant to do with all his money?

Interior of the hall at Stokesay Castle, built by Laurence of Ludlow

A HOUSE IN THE COUNTRY

The answer was to invest in landed property. Then, as now, ownership of land bought status – which a fine house only enhanced.

For a man whose profits were such that he was able to lend money to Edward I, as well as many of the great lords of the Welsh borderlands, the manor of Stokesay, which he bought in 1281, would have been easily within his means.

Building at Stokesay began in about 1285, and Laurence moved in about six years later. The fine building proclaimed its creator as a man of great wealth and taste. Laurence might well have concurred with the Nottinghamshire wool merchant who engraved these words on the windows of his new house:

   I praise God and ever shall
   It is the sheep hath paid for all.

FLEECED

Laurence clearly had little intention of retiring to his new country home. Money and business acumen had bought him influence as well as property, and by 1294 he was advising Edward I.

It was thanks to Laurence’s suggestion that Edward, desperate for money to finance a war with France, abandoned his plan for a wholesale seizure of wool and was persuaded to raise revenue in a different way: by tripling the customs rate on wool exports, as well as arranging loans in wool itself.

The wool producers were outraged. The burden of the king’s needs fell on them, rather than the merchants.

FINAL VOYAGE

Laurence was also to be the king’s paymaster, delivering wool and money to England’s continental allies. A fleet carrying both left London for Flanders in November 1294, under his command.

But he never reached his destination. On the night of 26 November, the fleet ran into a storm. Most of the ships (and indeed wool) survived, but Laurence’s vessel was wrecked off the Suffolk coast. He drowned.

The wool producers couldn’t conceal their delight. As one chronicler wrote: ‘Because he sinned against the wool-growers, he was swallowed by the waves in a ship full of wool.’

Laurence’s descendants enjoyed his legacy, though. They remained lords of Stokesay until 1498, living among the Shropshire gentry as respected country squires. 

                

Drawn from the English Heritage Red Guide to Stokesay Castle, by Henry Summerson