Franklin and the Paper Trade
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📈Economic History
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Franklins’ Philadelphia Ledgers Project

From Rags to Riches: Paper in 18th Century Phildelphia

The materials and goods moving in and out of the shop were incredibly varied. It may strike the contemporary eye as strange that rags were among the most frequent commodities that changed hands in Franklin’s shop. However, in the 18th century, rags were a crucial component in papermaking and therefore essential to the Franklins’ business. Rags were so important to the Franklins that they began to advertise in the Pennsylvania Gazette in 1734 that they had “ready money” for good quality rags. Why did Franklin make this plea to the readers of his newspaper? The answer can be found in the account books.

[Advertisment for the purchase of rags.](https://diglib-legacy.amphilsoc.org/franklin…

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