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IPO failures show the market is growing up

publish 2022-05-02,browse 6
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this stature also hath a crowne on his head like the first: this treasure being of such a value as it is, standeth in an open place that euery man at his pleasure may go and see it: for the keepers therof neuer forbid any man the sight thereof. i say as i haue said before, that this king euery yere in his feastes triumpheth: and because it is worthy of the noting, i thinke it meet to write therof, which is as foloweth. [sidenote: the great pompe of the king.] the king rideth on a triumphant cart or wagon all gilded, which is drawen by 16. goodly horses: and this cart is very high with a goodly canopy ouer it, behind the cart goe 20. of his lords and nobles, with euery one a rope in his hand made fast to the cart for to hold it vpright that it fal not. the king sitteth in the middle of the cart; and vpon the same cart about the king stande 4. of his nobles most fauored of him, and before this cart wherein the king is goeth all his army as aforesaid, and in the middle of his army goeth all his nobilitie, round about the cart, that are in his dominions, a marueilous thing it is to see so many people, such riches and such good order in a people so barbarous as they be. this king of pegu hath one principal wife which is kept in a seralio, he hath 300. concubines, of whom it is reported that he hath 90. children. [sidenote: the order of iustice.] this king sitteth euery day in person to heare the suites of his subiects, but he nor they neuer speake one to another, but by supplications made in this order. [sidenote: no difference of persons before the king in controuersies or in iustice.] the king sitteth vp aloft, in a great hall, on a tribunall seat, and lower vnder him sit all his barons round about, then those that demaund audience enter into a great court before the king, and there set them downe on the ground 40. paces distant from the kings person, and amongst those people there is no difference in matters of audience before the king, but all alike, and there they sit with their supplications in their hands, which are made of long leaues of a tree, these leaues are 3. quarters of a yard long, and two fingers broad, which are written with a sharpe iron made for that purpose, and in those leaues are their supplications written, and with their supplications, they haue in their hands a present or gift, according to the waightines of their matter. then come the secretaries downe to read these supplications, taking them and reading them before the king, and if the king think it good to do to them that fauour or iustice that they demaund, then he commandeth to take the presents out of their hands: but if he thinke their demand be not iust or according to right, he commandeth them away without taking of their gifts or presents. in the indies there is not any marchandise that is good to bring to pegu, vnlesse it bee at some times by chance to bring opium of cambaia, and if he bring money he shall lose by it. now the commodities that come from s. tome are the onely marchandise for that place, which is the great quantity of cloth made, which they vse in pegu: which cloth is made of bombast wouen and painted, so that the more that kinde of cloth is washed, the more liuelie they shewe their colours, which is a rare thing, and there is made such accompt of this kinde of cloth which is so great importance, that a small bale of it will cost a thousand or two thousand duckets. also from s. tome they layd great store of red yarne, of bombast died with a roote which they call saia, as aforesayd, which colour will neuer out. with which marchandise euery yeere there goeth a great shippe from s. tome to pegu, of great importance, and they vsually depart from s. tome to pegu the 11. or 12. of september, and if she stay vntill the twelfth, it is a great hap if she returne not without making of her voiage. their vse was to depart the sixt of september, and then they made sure voyages, and now because there is a great labour about that kind of cloth to bring it to perfection, and that it be well dried, as also the greedinesse of the captaine that would made an extraordinary gaine of his fraight, thinking to haue the wind alwayes to serue their turne, they stay so long, that at sometimes the winde turneth. for in those parts the windes blow firmely for certaine times, with the which they goe to pegu with the winde in poope, and if they arriue not there before the winde change, and get ground to anker, perforce they must returne backe againe: for that the gales of the winde blowe there for three or foure moneths together in one place with great force. but if they get the coast and anker there, then with great labour they may saue their voyage. also there goeth another great shippe from bengala euery yeere, laden with fine cloth of bombast of all sorts, which arriueth in the harbour of pegu, when the ship that commeth from s. tome departeth. the harbour where these two ships arriue is called cosmin. from malaca to martauan, which is a port in pegu, there come many small ships, and great, laden with pepper, sandolo, porcellan of china, camfora, bruneo and other marchandise. the ships that come from mecca enter into the port of pegu and cirion, and those shippes bring cloth of wooll, scarlets, veluets, opium, and chickinos, [sidenote: the chikinos are pieces of gold worth sterling 7. shillings.] by the which they lose, and they bring them because they haue no other thing that is good for pegu: but they esteeme not the losse of them, for they make such great gaine of their commodities that they cary from thence out of that kingdome. also the king of assi his ships come thither into the same port laden with peper; from the coast of s. tome of bengala, out of the sea of bara to pegu are three hundreth miles, and they go it vp the riuer in foure daies, with the encreasing water, or with the flood, to a city called cosmin, and there they discharge their ships, whither the customers of pegu come to take the note and markes of all the goods of euery man, and take the charge of the goods on them, and conuey them to pegu, into the kings house, wherein they make the custome of the marchandize. when the customers haue taken the charge of the goods and put them into barks, the retor of the city giueth licence to the marchants to take barke, and goe vp to pegu with their marchandize; and so three or foure of them take a barke and goe vp to pegu in company. [sidenote: great rigour for the stealing of customes.] god deliuer euery man that hee giue not a wrong note, and entrie, or thinke to steale any custome: for if they do, for the least trifle that is, he is vtterly vndone, for the king doeth take it for a most great affront to bee deceiued of his custome: and therefore they make diligent searches, three times at the lading and vnlading of the goods, and at the taking of them a land. in pegu this search they make when they goe out of the ship for diamonds, pearles, and fine cloth which taketh little roome: for because that all the iewels that come into pegu, and are not found of that countrey, pay custome, but rubies, safyres, and spinels pay no custome in nor out: because they are found growing in that countrey. i haue spoken before, how that all marchants that meane to goe thorow the indies, must cary al manor of houshold stuffe with them which is necessary for a house, because that there is not any lodging nor innes nor hostes, nor chamber roome in that countrey, but the first thing a man doth when he commeth to that city is to hier a house, either by the yeere or by the moneth, or as he meanes to stay in those parts. in pegu their order is to hire their houses for sixe moneths. nowe from cosmin to the citie of pegu they goe in sixe houres with the flood, and if it be ebbing water, then they make fast their boate to the riuer side, and there tary vntil the water flow againe. [sidenote: description of the fruitfulnesse of that soyle.] it is a very commodious and pleasant voyage, hauing on both sides of the riuers many great vilages, which they call cities: in the which hennes, pigeons, egges, milke, rice, and other things be very goode cheape. it is all plaine, and a goodly countrey, and in eight dayes you may make your voyage vp to macceo, distant from pegu twelue miles, and there they discharge their goods, and lade them in carts or waines drawen with oxen, and the marchants are caried in a closet which they call deling, [sidenote: deling is a small litter carried with men as is aforesaid

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