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esandtheslavetrade.htm">Books  &  Reading: Chapter One</A>
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 Jews, Slaves, and the Slave Trade
Setting the Record Straight
By Eli Faber
New York University. 366 pp. $27.95
--[2]--
Like their counterparts in Holland in earlier decades, England's Jews
clearly preferred other investment vehicles to the Royal African
Company, for slightly more than two-thirds of those who invested in the
Bank (49 of the 73) did not own Royal African Company stock. Refusing to
commit all their investments to the Royal African Company, the remaining
24, or about one-third, split their capital between the two
corporations. In all, therefore, fewer than 10 percent of England's
Jewish investors chose to entrust their capital exclusively to the Royal
African Company. Of the 79 investors known to have purchased shares in
either the Company or the Bank, or in both, only 6, or 7.5 percent,
invested solely in the Royal African Company. The remainder, 73
individuals, or 92.4 percent, either invested nothing in the Royal
African Company or lodged only part of their capital with it.

Still other investment opportunities absorbed more of their capital
during the 1690s. Six Jews subscribed to the Tontine in 1693, the first
long-term loan floated by the British government. At least two others,
and possibly a third, invested in the East India Company between July
1691 and April 19, 1695, emulating the fourteen who had done so in
earlier years.

In truth, the Royal African Company was a losing enterprise, which may
(apart from moral considerations) account for the judiciousness the
majority of London's Jewish investors exhibited by either dispersing
their capital among more than one investment possibility or by avoiding
the Company altogether. War, low prices for the sugar that it carried
from the West Indies to Europe, and, above all, illegal slave trading by
interlopers, the term for private merchants who persistently violated
the Company's monopoly between 1672 and 1698, undermined its ability to
earn a profit. According to K. G. Davies, historian of the Royal African
Company, it was unable to do so even during the years of its unmodified
monopoly, the quarter-century between 1672 and 1698. As Davies wrote,
the 1690s, the decade in which Jewish investors first acquired stock in
it, were "years of unmitigated disaster for the company."

Investment by London's Jews in the Royal African Company began, in fact,
after the Company had attained its peak in the slave trade. While
cautioning that data for the number of slaves it brought to the western
hemisphere cannot be regarded as definitive, Davies calculated on a
tentative basis that the Company delivered 90,768 slaves to the West
Indies between 1673 and 1711. Sixty-five percent of those deliveries
occurred before Alvaro Da Costa purchased his stock in 1691, for the
Company conveyed 59,091 slaves to the West Indies in the eighteen years
between 1673 and 1690. Deliveries fell by 54.3 percent during the
subsequent seventeen years (1691-1707) to 26,975, which represented only
29.7 percent of all the Company's slave deliveries through 1711. In sum,
Jewish investors appear to have invested capital in the Royal African
Company as it relinquished its position in the English slave trade to
the private traders who emerged as the dominant force. Between 1698 and
1708, for example, such merchants are reputed to have delivered 76,062
slaves to Britain's colonies in the Caribbean and North America, in
contrast to the Company's 18,943. According to one contemporary account,
the private traders delivered 35,718 slaves to Jamaica alone between
1698 and June 14, 1708, far in excess of the 6,854 delivered by the
Royal African Company.

Not surprisingly, the number of Jews who invested in the Company
declined as its prospects deteriorated, falling from 29 in 1699, to 16
(and possibly 2 more) in early 1708, still hovering at 16 or 17 at the
beginning of 1713. The Company's records for early 1708 indicate that
the relative amount of stock held by Jewish investors also declined from
the 1699 level, although modestly. As noted previously, they held 12.2
percent of the Company's stock in 1699, but by 1708 their share had
fallen to 9.3 percent. The latter was somewhat in excess of their 6.6
percent presence among the Company's shareholders, just as their
ownership of 4.4 percent of the stock fifteen years earlier in 1693 had
exceeded their 3.6 percentage of the shareholders.

The fact that Jewish investors owned proportionally more stock in 1693,
1699, and 1708 than their percentage as shareholders does not indicate
any unusual interest on their part in the slave trade or any rush by
them to own Royal African Company stock. The same occurred in connection
with other contemporary opportunities for investment, and therefore
appears to have characterized their activity as investors. Data compiled
by P. G. M. Dickson show that Jewish investors between 1707 and 1709
exhibited the same tendency when subscribing to ventures in other
companies (Table 1.1). Moreover, the factor by which their proportion of
shares exceeded their proportion as shareholders in those ventures was
higher in every case than it was in the Royal African Company in early
1708.

The tendency between 1691 and 1701 of most Jewish investors either to
avoid the Royal African Company altogether or to refrain from committing
all their investment capital to it continued, and characterized the
strategies of new shareholders between 1702 and the end of 1712. During
the course of that period, at least 86 Jewish investors acquired stock
for the first time in the Company, in the Bank of England, or in both.
Twenty-six, or 30.2 percent, acquired shares in the Royal African
Company, a decline from the 31 between 1690 and 1701 (or 3 8.7 percent
of all Jewish investors then) who did so. As in the earlier period, most
Jews making investments preferred other avenues to investment in the
Company. At least 72 individuals invested for the first time in the Bank
of England over the course of the later period. This was 2.76 times as
many as the number of those who acquired shares for the first time in
the Royal African Company--a somewhat greater margin of difference
between acquisitions in the two corporations than in the 1690s, when the
difference was 2.35 times. Fully 83.3 percent of the new Bank investors
(60 of the 72) did not purchase Royal African Company stock; and
virtually none of them had owned any of it in the previous decade. As
before, others refused to commit all their investments to the Royal
African Company, for the remaining 12, or 16.6 percent of the 72,
apportioned their capital between the two enterprises.

Only 14 of the 86 individuals who invested for the first time in one or
both companies, or 16.2 percent, invested exclusively in the Royal
African Company. Half, however, had invested earlier in the Bank of
England, and they continued to hold its stock between 1702 and 1712.
Another 2 had invested in the Bank during the previous period, but
whether they continued to hold its stock in the later period is not
known. In all, therefore, only 5 of the individuals who invested for the
first time in either company between 1701 and 1712, or 5.8 percent, can
be said to have invested exclusively in the Royal African Company when
the entire period between 1691 and 1712 is examined. Why those 5 did so,
in view of the fact that the Company failed to pay dividends, "plumbed
the depths of joint-stock finance" during the first decade of the
eighteenth century, was essentially bankrupt by 1708, and four years
later collapsed in "a state of moribund somnolence" is not known. And
matters did not improve after 1712. The Company continued to limp along,
functioning in a tubercular fashion, defaulting, for example, when it
contracted to deliver slaves to the South Sea Company in the mid-1720s.

As in the years between 1691 and 1701, Jewish investors from 1702
through 1712 turned not only to the Bank as an alternative to the
Company but also to other investment opportunities, as indicated by the
data in Table 1.1. By 1706, new investors in the East India Company
included such individuals as Isaac De Valencia, Daniel De Mattos,
Anthony Mendes, Moses Barrow, and Alvaro Da Fonseca. In early 1709,
Jewish investors in the newly reorganized East India Company numbered at
least 62, a group almost four times greater than the 16 who, less than a
year before, had held Royal African Company stock.

A new opportunity to earn profits in the slave trade presented itself in
1714 with the assignment of the asiento to the recently established
South Sea Company. England acquired the much coveted contract in 1713 in
the Treaty of Utrecht, thereby obtaining the exclusive right to deliver
slaves to Spain's colonies. Early the following year the Crown assigned
the asiento to the South Sea Company, bypassing the nearly bankrupt
Royal African Company. Established in 1711 as a vehicle for funding the
government's growing debt, the South Sea Company held a monopoly to all
commerce with Spain's American colonies; its charter empowered it alone
to trade in the South Seas. It was therefore logical to designate the
new company as the one to implement the asiento for the next thirty
years, the duration of Spain's concession to England at Utrecht.

In unfortunate contrast to the Royal African Company, stock-transaction
records for the South Sea Company no longer exist. There is, however, a
published list of the voting shareholders, defined as those who held at
least 1,000 [pounds sterling] worth of stock, on December 25, 1714, a
date early enough to reflect the degree to which the investing public
had some measure of confidence in the new company. Ominously, its first
directors had no experience in commerce with the West Indies or Spanish
America. On the other hand, its recurring difficulties with the Spanish
government, war between the two nations, scandal, and its inability to
earn a profit in the asiento trade all lay in the future.

The South Sea Company had a total of 2,039 voting shareholder groups on
Christmas Day in 1714. Nearly all were individuals; only a very small
number were either partnerships, in the main comprised of two or three
people, or corporate entities like the Master and Wardens of Trinity
House or the "Governour and Company for making hollow Sword-blades." The
religious identity of two shareholders is unknown. Of the remaining
2,037 shareholder groups, 34, or 1.6 percent, were made up of Jewish
shareholders. Thirty-three of these owned their shares as individuals,
while the remaining Jewish shareholder group was a partnership
consisting of three men, two of whom also owned shares on an individual
basis.

The 34 Jewish individuals who were willing to invest in the South Sea
Company at the end of 1714 in amounts large enough to qualify as voting
stockholders were double the 16 or 17 who owned stock in the Royal
African Company at the beginning of 1713, indicative of greater
confidence in the new company than in the bankrupt older one. Yet they
were fewer than the approximately 49 who, five years before, had held
shares in the Bank of England and the 62 with investments in the East
India Company. The prospects of the South Sea Company, predicated in
part on the transport of slaves to Spain's colonies, evidently did not
inspire as much confidence as the other two great corporations did.

On the other hand, Jews who chose to invest in the new enterprise were
more likely to take greater risks than their non-Jewish counterparts.
Five of the 34 Jewish stockholding groups, or 14.7 percent, each
possessed four votes, indicating that each owned at least 10,000 [pounds
sterling] worth of stock. Of the 2,003 non-Jewish stockholding groups,
132, or 6.5 percent, did. Six of the Jewish investors, or 17.6 percent
of the Jewish shareholding groups, each qualified for three votes,
indicating holdings ranging from 5,000 [pounds sterling] to 9,999
[pounds sterling]. The corresponding figure for non-Jewish shareholders
was 237, or 11.8 percent. With holdings between 3,000 [pounds sterling]
and 4,999 [pounds sterling], 5 Jewish shareholding groups, or 14.7
percent, could each cast two votes. Non-Jewish shareholding groups with
two votes totaled 296, or 14.7 percent of all non-Jewish shareholding
groups, precisely the same percentage as the Jewish investors in this
category. Finally, 18 of the Jewish investors, or 52.9 percent of the
Jewish shareholding groups, could each cast one vote, for they owned at
least 1,000 [pounds sterling] in stock but not more than 2,999 [pounds
sterling], while the non-Jewish investors who qualified for one vote
apiece were 1,338 in number, or 66.7 percent of the non-Jewish
shareholding groups.

If Jewish investors comprised a small segment of the stockholders of the
Royal African Company and of the voting members of the South Sea
Company, all available evidence leads to the conclusion that they had as
little or perhaps even less interest in establishing direct commercial
ties with Africa. This pattern was apparent by 1700, when thirty-nine
merchants with interests in the African trade who petitioned the House
of Lords included only one Jewish individual, Abraham Mendes. It
persisted through the course of the eighteenth century.

England's Jewish spokesmen took credit in 1689, as described previously,
for exporting woolen goods, importing gold, silver, and other foreign
products, and for capturing the diamond market in India. They traded
during the late seventeenth century with Spain, Portugal, and their
American colonies, and with Holland, Italy, Flanders, the German States,
France, the Canaries, the Azores, Jamaica, Barbados, and India. Whether
they also had at least some commercial ties with Africa cannot be
determined definitively, for interlopers, Jewish or otherwise, who
violated the Royal African Company's trade monopoly with Africa
obviously did so in secrecy. On the other hand, none of the interlopers
involved in the slave trade whose identities are known was Jewish.

In 1698, the identities of the private traders became a matter of public
record. Acknowledging the porousness of the Royal African Company's
monopoly, Parliament that year authorized private merchants to trade
with Africa upon payment to the Company of 10 percent of the value of
all goods they exported to Africa, and 10 percent on goods imported from
specified regions. Gold, silver, and slaves were exempted, no matter
where they were procured in Africa. No fee had to be paid for these
three commodities, thereby ending the Company's monopoly rights to them.
This new arrangement, to remain in force until July 1712, gave a new
name, ten-percent men, to merchants who until then had been dubbed
interlopers. Time would prove that the Ten Percent Act of 1698 was actua
lly the first step in the termination of the Royal African Company's
monopoly rights. When the act lapsed as scheduled in 1712, Parliament
chose to throw open all commerce with Africa to free trade rather than
continue the arrangement or reestablish the Company's monopoly.
Henceforth, English merchants who wished to trade with Africa were
entirely at liberty to do so; they were no longer required to pay
anything to the Royal African Company.

The identities of the merchants who traded with Africa under the terms
of the Ten Percent Act are known from the records of their payments to
the Royal African Company. In all but one case, the forty-one largest
private traders with Africa between 1702 and July 1712 were conclusively
not Jewish. The remaining one, Joseph Martin, had a name that could have
been either English, French Huguenot, or Jewish. Martin was probably the
prominent East India merchant of that name who served as English consul
in Moscow between 1702 and 1705, as a director of the South Sea Company
between 1711 and 1715, and as a member of Parliament between 1710 and
1715. On the other hand, the London Jewish community included a Jose
[sic] Nunes Martinez, who married in the Sephardic synagogue in 1712.

Payments by private merchants other than the top forty-one to the Royal
African Company under the Ten Percent Act demonstrate that Jewish
merchants played a minuscule part in trade with Africa from 1698 to
mid-1712. Of the many hundreds of cargoes imported from there into
England, only six belonged to Jewish merchants, including one credited
in 1701 to Abraham Mendes, signatory to the petition presented to the
House of Lords during the preceding year by individuals involved in
commerce with Africa. Export cargoes totaled only four, again out of
many hundreds, with the largest of the four belonging to Abraham Mendes
in 1712. The value of the exports by Jewish merchants totaled 2,573-7-0
[pounds sterling] (Table 1.2). With the value of all sworn exports by
private merchants to Africa between 1702 and July 1712 amounting to
295,144 [pounds sterling], the Jewish merchants' component amounted to
less than 1 percent (eight-tenths of 1 percent). By contrast, Jewish
merchants were far more active in the commerce conducted by the East
India Company. Unlike their near invisibility in the ten-percent
accounts of the Royal African Company, the records of the East India
Company document a greater Jewish presence in the commercial affairs of
that company.

The paucity of exports sent to Africa by Jewish merchants under the
terms of the Ten Percent Act suggests, in turn, that in the early
eighteenth century England's Jewish community played hardly any part in
the slave trade. Africa's rulers and merchants were paid in European and
Asian goods for the people they brought to the coasts for sale as
slaves. The negligible presence of London's Jewish merchants among the
ten-percent men implies that they conducted little business exchanging
European merchandise for slaves, with the exception of Abraham Mendes,
who, as will be seen, is known to have participated in the slave trade
between 1715 and 1719.

With the advent of unrestricted trade between England and Africa in
1712, Jewish merchants did not shift over to commerce with the African
continent. No Jewish names appeared on the list of 48 "Merchants of
London Tradeing [sic] to the Coast of Africa," who responded in 1726 to
questions put to them by the Board of Trade about the advantages arising
from free trade with Africa and the condition of the English trading
posts there. By contrast, Jewish merchants appeared as signatories on
petitions regarding trade with Jamaica. In 1722, a protest signed by 51
merchants against prevailing practices in Jamaica's courts included at
least 7 Jews. When 92 "Traders to Jamaica and others" submitted a
petition to the Crown in the mid-1730s against discriminatory taxation
imposed by Jamaica's legislature on the colony's Jewish inhabitants, at
least 41 London Jews, along with at least 49 non-Jews, were among the
signers. Similarly, a 1723 petition submitted by 56 London merchants who
traded with Portugal included 13 Jews, while another one nine years
later, again from businessmen in the Portugal trade, contained 10 Jewish
signatures among a total of 25.

At midcentury, Jewish merchants still did not figure in the African
trade. In 1753, the anonymous author of a pamphlet published in
connection with the bitter public debate that erupted when Parliament
considered a bill to naturalize foreign-born Jews listed the
contributions made by Jews to English commerce, but he included neither
the general trade with Africa nor the slave trade in his discussion. If
ever an occasion presented itself for England's Jews and friendly
supporters to argue that the nation benefited from Jewish participation
in the slave trade, this was it, for the controversy that swirled around
the so-called Jew Bill required every possible argument to defend the
reputation of England's Jews and their position in English society. Had
it been possible to do so, the writer would no doubt have cited such
trade by Jews as conducive to the "national advantage," the terminology
he employed when describing their significance in the Spanish trade. The
author of the pamphlet in question, whose title page assured readers
that "the Utility of the Jews in Trade [would be] ... fully considered
and proved," claimed that Jewish merchants handled 5 percent of the
nation's trade, citing their activities as bullion importers, silk and
cotton middlemen, insurance brokers for foreign shipping, and
discounters of foreign bills of exchange. As for geographic regions, the
writer specified that England's Jewish merchants traded with the East
Indies, Jamaica, and Spain's American colonies.

Owing to their disinterest in commerce with Africa, Jewish merchants did
not join the Company of Merchants Trading to Africa, established by
Parliament in 1749 to assume the responsibilities of the Royal African
Company for British forts and trading posts there. Outpaced by free
traders, displaced by the South Sea Company as the supplier of slaves to
Spain's colonies, the Royal African Company had limped along as best it
could after 1712. By 1730, the debilitated corporation required an
annual subsidy to run the forts and trading facilities it operated in
Africa, ironically for the benefit of the free traders who had always
been its bane. Parliament allocated 10,000 [pounds sterling] annually
beginning in 1730, but by 1746 the Company's debts were so high, its
credit so low, and the forts in such a state of deterioration that other
arrangements had to be made. The Company of Merchants Trading to Africa
was the result.

Under the terms of its charter, nine directors were to administer the
new company, three from each of the English ports that traded with
Africa. It was not to issue stock; membership required payment of a mere
40 shillings rather than the purchase of shares. Under these terms, 480
merchants residing in the three English cities that traded with Africa
joined its ranks by June 1758. London members numbered 146, while
Bristol accounted for 245 and Liverpool for 89. None of the 480 was
Jewish.

Almost thirty years later, in 1787, the number of Londoners who belonged
to the Company of Merchants Trading to Africa had skyrocketed to 1,086,
among whom were eleven Jewish individuals, or 1 percent of the total.
Several of the eleven may have been the owners of vessels whose ships
were listed in Lloyd's shipping registers for 1776 and 1790, although
none gave Africa as the destinations of their vessels. Whether the
eleven were actually involved in commerce with the African continent is
not at all clear, for, as a pamphleteer who identified himself as "an
African Merchant" wrote in the early 1770s, the Company's membership
lists had long been padded with the names of hundreds of Londoners who
had nothing whatsoever to do with the Africa trade. In 1771, 1,425
Londoners were members of the Company, and yet, he asserted, everyone
knew that at most only fifty traded with the African continent. Since
the Company's inception approximately twenty years before, no more than
a hundred had ever been engaged in African commerce, yet hundreds of new
members had enrolled in 1768 and 1770. The same occurred in 1771, when
274 individuals paid their 40 shillings and became members, but not even
ten of them traded with Africa. The newcomers included barbers,
cheesemongers, weavers, and shoemakers, and many were underage clerks
who were enrolled as members without their knowledge. The reason for all
this? To influence the election of company officers, although letters
sent by the candidates in 1771 to approximately two hundred of the
members went undelivered because they were not to be found at the
addresses where they allegedly resided.

Uninvolved in the general trade with Africa, marginal at best to it at
the beginning of the eighteenth century, Jewish merchants in England did
not participate in the slave trade, with only a few known exceptions.

One, Andrew Lopez, is known to have been involved in the slave trade to
Mexico in the late seventeenth century. Furthermore, he contracted in
the late 1690s with Portugal's Royal Guinea Company, the holder of the
asiento at that juncture, to deliver slaves to Spain's colonies. In
fulfillment of his obligation, Lopez engaged two London Jewish
shipowners to convey slaves from Africa across the Atlantic. But Jews
who momentarily entered the slave trade through the doorway of the
asiento proved to be a detriment. When the contract with the Portuguese
company expired in 1701, the Spanish refused to renew it, in part
because of the presence of Jewish merchants in its activities. In view
of this, the assertion by one Isaac Pereira in 1703 on behalf of the
small Jewish community at Jamaica that "the Jews before the present war
by their industry and interest had procured the Assiento of Negroes to
be established at Jamaica" is inexplicable.

At least one of London's Jewish merchants and quite possibly a second
participated in the slave trade between 1715 and 1719. In 1715, Abraham
Mendes received authorization from the South Sea Company to transport
slaves to Jamaica and from there to the Spanish mainland on his ship,
the King Solomon. The vessel subsequently carried 289 slaves from
Jamaica to Porto Bello and, while it still clearly belonged to Mendes,
295 slaves on July 1, 1719 to Jamaica. Mendes, it will be recalled, had
signed the African traders' petition to the House of Lords in 1700 and
had functioned in the commerce between England and Africa during the
ten-percent era. In the second case, Isaac Fernandez Nunes, one of the
larger investors in the South Sea Company at the end of 1714, petitioned
the Company in 1715 on behalf of the owners of the May Flower, a slave
ship that had been seized by the Spanish in the West Indies with 200
slaves on board. Whether or not Nunes himself had a share in the vessel
is, however, not known.

Two Jewish merchants who resided in London are known to have
participated in the slave trade during the 1720s and 1730s. The number
of slaves traceable to their efforts indicates, however, a negligible
impact on the slave trade, one that was far below the capacity of the
London slave fleet in 1726. One, Rodrigo Pacheco, had resided in New
York as early as 1711, where in partnership with two non-Jewish and one
other Jewish merchant he imported a slave from Curacao in 1716.
Returning to London in the late 1720s or early 1730s, Pacheco was
involved between 1727 and 1739 in the transport of 25 slaves to New York
from various locations in the western hemisphere, 21 of them in
partnership with non-Jewish investors. The second of the two, Isaac
Levy, imported 117 slaves from Africa to New York in 1721 in partnership
with three other merchants, two of whom were not Jewish. His remaining
partner, Nathan Simson, was a Jewish merchant who at the time resided in
New York. Simson returned to London by the summer of 1722, where he died
in 1726. In the interim, he is not known to have participated again in
the slave trade.

One additional Jewish individual in England, Gabriel Lopez Pinheiro, is
known to have had a form of contact with the slave trade during the
1720s. An officer of the London Sephardic community, Pinheiro was a
refugee from Portugal in 1706 who, using various aliases, traded
primarily with his homeland after he fled to England, but also as far
afield as Vienna, to which he exported diamonds. Pinheiro became
involved in 1726 in a transaction involving the sale of 51 slaves as
attorney for the Marquis Govia, a Portuguese aristocrat. The owner of
the island of St. Antonio off the coast of West Africa, the Marquis
leased it to several Englishmen for a period of twenty-seven years, and
subsequently permitted them to acquire 100 slaves on the island at a
cost of 10 [pounds sterling] per person, payable in London. The lessees
refused to pay, arguing that, inasmuch as only half the slaves had been
delivered, the contract had not been fulfilled. Because the Marquis had
meanwhile left London, the lessees found themselves dealing with his
attorney.

Toward the end of the eighteenth century, when London's West Indian
houses functioned as bankers to merchants and planters in the colonies,
one of London's Jewish firms is known to have provided financial backing
in the slave trade. In keeping with the dependence of colonial slave
factors, or retailers, on London's West Indian houses, the company of
Lindo, Aguilar & Dias provided credit for two shipments of slaves sold
in Jamaica in 1789 by Alexandre [sic] Lindo, a leading Jewish slave
factor there. Lindo, Aguilar & Dias, later known as Aguilar, Dias & Son,
provided "Guarantees" for Lindo, Lake & Co., a partnership in Jamaica
that between 1796 and 1802 marketed slaves arriving from Africa. By
extending such "Guarantees," the London house provided credit to the
firm in Jamaica for slave cargoes. Aguilar, Dias & Son of London also
provided support to Alexandre Lindo after he moved to England in the
mid-1790s, where, along with his enterprises in sugar, coffee, cotton,
and insurance, he lent funds to firms and individuals who participated
in the slave trade.

With the eclipse of the Royal African Company, private traders in
London, Bristol, and Liverpool consolidated their hold on the slave
trade, with London playing the predominant role during the first quarter
of the eighteenth century. Britain's slave fleet numbered 171 vessels in
early 1726 and was capable of transporting somewhat in excess of 49,000
slaves. Liverpool, its dominant position in the slave trade still a
quarter-century in the future, had the fewest: 21 vessels, with a
capacity of 5,200 slaves. Bristol had 63 vessels, able to carry 16,950
slaves. London, not yet overtaken by its rivals, had the most, with 87
vessels capable of loading slightly more than 26,990 slaves.
Approximately 50 merchants were the primary owners of London's 87 slave
ships. Thirty-three owned 1 vessel, 11 owned 2, 2 owned 5, 1 owned 6,
and 2 owned 7, while the names of the owners of 2 vessels are not known.
None of these owners of London's slave fleet in 1726 was Jewish.

However, lists of primary owners account for only part of the story.
Although shipping in eighteenth-century England was at times owned by
individual entrepreneurs, the more usual form of maritime ownership
occurred through partnerships formed for a particular venture. Shares
were at times divided as minutely as sixty-fourths; and the greatest
shareholder usually acted as ship's husband, the term for the organizer
and agent of the undertaking, who was therefore the individual usually
listed as the vessel's owner.

It is highly unlikely, however, that Jews figured in any consequential
manner as small investors in slave ships. The important pamphlet
published in 1753 describing the contributions of England's Jews to the
nation's trade made no mention, as we have seen, of participation by
them in either the general commerce with Africa or in the slave trade.
Nor was there any trace of them in the Company of Merchants Trading to
Africa until late in the century, when their presence may in fact not be
indicative of trade with Africa. Then too, Jewish merchants in England
are known to have purchased shares in shipping, 39 of them doing so in
85 ventures between 1693 and 1798, but overwhelmingly in voyages bound
for India and other locations in the Far East. Accordingly, the 1753
pamphlet emphasized the role they played in commerce with those regions.
Finally, and most tellingly, the surviving Naval Office records of slave
ships that arrived at New York between 1715 and 1765, at Georgia between
1754 and 1767, and at Barbados between 1782 and 1805 identify all the
investors in such ventures. The records for these colonies therefore
make it possible to retrieve not only the names of the primary owners
but also those of smaller shareholders; and save for several instances
in New York, the minor investors as well as the primary owners were
overwhelmingly non-Jewish.

Ship registers compiled by Lloyd's beginning in the 1760s indicate that
London's Africa fleet remained in the hands of the City's non-Jewish
merchants after midcentury, lending support to James A. Rawley's
assessment that, despite the "rich ethnic mix of the [London] commercial
community ... native Englishmen, West Indians, and Scots seemed to
preponderate in the slave trade sector. Lloyd's register for 1764, the
first published, listed 74 London vessels with Africa as their
destination; none of the primary owners listed therein was Jewish. The
registers for 1776 and 1790 respectively listed 72 and 69 vessels, again
with primary owners whose names were not Jewish.

Bristol edged ahead of London during the 1730s for leadership in the
slave trade, and in the early 1740s it ranked first among England's
three slave-trading ports. There, 124 merchants and 74 shipowners
invested in the slave trade between 1698 and 1729. From 1730 through
1745, when Bristol led its rivals in the British slave trade, 68
merchants and 72 shipowners did so. None in either period was Jewish.
But then, Jews did not yet reside in Bristol. They did not settle there
until the 1750s, and when they did they functioned as modest artisans
and shopkeepers; apparently not a single international merchant was to
be found among them. Subsequently, none appeared among the 112 merchants
and 74 shipowners who invested in the slave trade between 1746 and 1769.
And after one to two generations of residence in Bristol, its Jewish
inhabitants (nor London Jews with funds to invest) still did not
participate in the port's slaving ventures. None of the primary owners
of the approximately 520 slave ships between 1770 and 1807 that belonged
to Bristol was Jewish, nor were any of the lesser investors in 134 of
those vessels.

By the middle of the eighteenth century, Liverpool surpassed both
Bristol and London, achieving and maintaining an unassailable position
of supremacy until the abolition of the British slave trade in 1807.
Here too, Jews did not begin to settle until the 1750s, and when they
did so they made their livings as peddlers and small shopkeepers. Weak
and inconspicuous, the congregation they established around 1750 faded
away soon thereafter, and they proved incapable of organizing a
permanent community or erecting a synagogue until the 1780s. In 1790,
only nineteen recognizably Jewish inhabitants were listed in the
Liverpool directory for that year, out of a population of 54,000. In
marked contrast to their marginal position, the merchants of Liverpool
who participated in the slave trade were usually men of wealth and, in
James A. Rawley's phrase, individuals of "high standing."

As in London and Bristol, the Jews of Liverpool did not own ships in the
slave trade. Peddlers and petty shopkeepers, none were on the list of
101 Liverpool merchants who belonged to the Company of Merchants Trading
to Africa in 1752, nor, as noted previously, among the 89 who belonged
to it in 1758. Nor were Jews to be found among the 66 primary owners of
the 88 Liverpool vessels trading with Africa in 1752 that carried 24,732
slaves, or among the owners of the 80 Liverpool vessels listed by
Lloyd's as trading there in 1764. Twenty-six years later, in 1790, the
Liverpool slave fleet of 141 vessels was owned by forty firms, none of
which was Jewish. And in 1807, the year in which Britain terminated the
slave trade throughout its empire, none of Liverpool's seventy-odd
companies trading to Africa was Jewish.

Further verification that England's Jewish merchants did not own the
ships that procured and transported approximately three million slaves
from Africa to the Americas during the eighteenth century comes from the
ports where the vessels delivered their human cargo. Naval Office
records reporting the arrival of slave ships survive to varying degree
for such colonies as Barbados and Jamaica, Nevis and Dominica, Grenada
and St. Vincent, New York and Virginia, South Carolina and Georgia.
Between 1710 and 1720, the information entered by the officials of the
Naval Office began to include the names of the vessels' owners. In case
after case, for ship after ship, ceaselessly, relentlessly, until the
abolition of the slave trade in the British empire in 1807, slave ves
sels registered in London, Bristol, and Liverpool belonged to the
non-Jewish merchants of those cities who were their primary owners and,
as noted before, to the smaller investors who, where known from the
Naval Office records, were in almost every case not Jewish. It is to two
of the major destinations of their slave ships in the Caribbean, where
Jewish communities developed, that we turn next.



©Copyright 1998 Eli Faber
=====
from:
http://www.washingtonpost.com/wp-srv/style/books/reviews/jewsslavesandtheslave
trade1108.htm


In "Jews, Slaves and the Slave Trade," Eli Faber, a history professor at
the City University of New York, takes on another facet of slavery, the
ugly allegation that Jews played a significant role in the slave trade.
The charge gained wide currency with the 1991 publication of the Nation
of Islam's "The Secret Relationship Between Blacks and Jews." At the
time, the book was denounced by the Council of American Historical
Association; by Henry Louis Gates Jr., the chair of Harvard's
Afro-American Studies Department; and by many other responsible
scholars. But Faber points out that while the Nation of Islam's book
could be easily dismissed for not proving its case, little hard
information was available on the scope of Jewish involvement.

Faber's study exhaustively examines records involving slavery in the
British empire, and concludes that Jewish "participation in the slave
trade and in the ownership of slaves was quite small." Jews did own
slave ships, did own slaves, and invested in companies that engaged in
the slave trade, but not to a degree out of line with other white
groups. Jewish ownership of slaves was particularly limited, since Jews
tended to be merchants and shopkeepers (for which, ironically, they were
criticized at the time) rather than plantation owners. This is a
scholarly, careful work with detailed appendices. The sad truth is that
the demagogues who most need to read this book are the least likely to
do so.

One hundred thirty years after emancipation, the history of slavery as
told in these books holds many important lessons. For young blacks who
dismiss academic success as "acting white," there is the memory of "pit
schools." For liberals who casually compare workfare proposals to "slave
labor," there is the reality of lives more grim than anything faced by
Americans today. And for conservatives who oppose racial preferences,
there is the reminder that today's racial inequality stems in some
significant measure from a shameful history and that some appropriate
response is required to address slavery's continuing legacy.



©Copyright 1998 The Washington Post Company
-----
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