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ustom as the mainspring of trade. The cloth exporters, who were mostly mercers, were unregulated and banded together for mutual support and protection under the name of Merchant Adventurers of London. The Merchant Adventurers was chartered in 1407. It was the first and a prototype of regulated companies. That is the company regulated the trade. Each merchant could ship on his own a certain number of cloths each year (the number depending on the length of his membership in the company) and sell them himself or by his factor at the place where the company had privileges of market. Strict rules governed the conduct of each member. He was to make sales only at certain hours on specified days. All disagreements were to be settled by the company's governor, or his deputy in residence, and those officials dealt with such disputes as arose between members of the company and continental officials and buyers. A share in the ownership of one of their vessels was a common form of investment by prosperous merchants. By 1450, the merchant adventurers were dealing in linen cloths, buckrams [a stiffened, coarse cloth], fustians [coarse cloth made of cotton threads going in one direction and linen threads the other], satins, jewels, fine woolen and linen wares, threads, potions, wood, oil, wine, salt, copper, and iron. They began to replace trade by alien traders. The history of the "Merchant Adventurers" was associated with the growth of the mercantile system for more than 300 years. It eventually replaced the staples system. Paved roads in towns were usually gravel and sometimes cobble. They were frequently muddy because of rain and spillage of water being carried. Iron-shod wheels and overloaded carts made them very uneven. London was the first town with paviors. They cleaned and repaired the streets, filling up potholes with wood chips and compacting them with hand rams. The paviors were organized as a city company in 1479. About 1482, towns besides London began appointing salaried road paviors to repair roads and collect their expenses from the householders because the policy of placing the burden on individual householders didn't work well. London streets were lighted at night by public lanterns, under the direction of the mayor. The residents were to light these candle lanterns in winter from dusk to the 9 p.m. curfew. There were fire-engines composed of a circular cistern with a pump and six feet of inflexible hose on whee
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