In the reign of Edward III., Colchester, in Essex, was considered the tenth city in England in point of population. It then paid a poll-tax for 2955 lay persons. In 1301, about half a century before, the number of inhabitant housekeepers was 390; and the whole household furniture, utensils, clothes, money, cattle, corn, and every other property found in the town, was valued at 518_l._ 16_s._ 0-3/4_d._ This valuation took place on occasion of a subsidy or tax to the crown, to carry on a war against France; and the particulars, which are preserved in the Rolls of Parliament, exhibit with great minuteness the classes of persons then inhabiting that town, and the sort of property which each respectively possessed. The trades exercised in Colchester were the following:--baker, barber, blacksmith, bowyer, brewer, butcher, carpenter, carter, cobbler, cook, dyer, fisherman, fuller, furrier, girdler, glass-seller, glover, linen-draper, mercer and spice-seller, miller, mustard and vinegar seller, old clothes seller, saddler, tailor, tanner, tiler, weaver, wood-cutter, and wool-comber. If we look at a small town of the present day, where such a variety of occupations are carried on, we shall find that each tradesman has a considerable stock of commodities, abundance of furniture and utensils, clothes in plenty, some plate, books, and many articles of convenience and luxury to which the most wealthy dealers and mechanics of Colchester of the fourteenth century were utter strangers. That many places at that time were much poorer than Colchester there can be no doubt: for here we see the division of labour was pretty extensive, and that is always a proof that production is going forward, however imperfectly. We see, too, that the tradesmen were connected with manufactures in the ordinary use of the term; or there would not have been the dyer, the glover, the linen-draper, the tanner, the weaver, and the wool-comber. There must have been a demand for articles of foreign commerce, too, in this town, or we should not have had the spice-seller. Yet, with all these various occupations, indicating considerable profitable industry when compared with earlier stages in the history of this country, the whole stock of the town was valued at little more than 500_l._ Nor let it be supposed that this smallness of capital can be accounted for by the difference in the standard of money; although that difference is considerable. We may indeed satisfy ourselves of the small extent of the capital of individuals at that day, by referring to the inventory of the articles upon which the tax we have mentioned was laid at Colchester.