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Suggested to Sumner to demand the reduction of the tariff on certain merchandises, on the plea of fraternity of the working American people with their brethren the operatives all over Europe; by it principally I wished to alleviate the condition of French industry, as I have full confidence in Louis Napoleon, and in the unsophisticated judgment of the genuine French people.

There are in Pegu eight Brokers, whom they call Tareghe, which are bound to sell your goods at the price which they be woorth, and you giue them for their labour two in the hundred: and they be bound to make your debt good, because you sell your merchandises vpon their word. If the Broker pay you not at his day, you may take him home, and keepe him in your house: which is a great shame for him.

Among many sage provisions, there were others injurious and illiberal, characteristic of an age when the principles of commerce were but little understood; but which were continued by Spain long after the rest of the world had discarded them as the errors of dark and unenlightened times. The crown monopolized the trade of the colonies. No one could carry merchandises there on his own account.

Merchandises, everything was consumed, and part of the building had fallen into the canal and choked it up, while fifteen schuyts waiting to be discharged of their cargoes had been obliged to retreat from the fury of the flames, the phlegmatic skippers looking on with their pipes in their mouths, and their hands in their wide breeches-pockets.

"Cathay is a great country, and a fair, noble, and rich, and full of merchants. Thither go merchants, every year, for to seek spices, and all manner of merchandises, more commonly than in any other part.

Also it shalbe lawfull for the said merchants when they shal arriue at their port to lade and vnlade their merchandises as in times past they haue done at their pleasure.

The next morning, while the merchants opened their bales of merchandises, prince Ali, who travelled only for his pleasure, and had brought nothing but necessaries with him, after he had dressed himself, took a walk into that quarter of the town where they sold precious stones, gold and silver works, brocades, silks, fine linens, and other choice and valuable articles, and which was at Sheerauz called the bezestein.

Without abolishing all the various customs and duties on merchandises, which are imperceptibly discharged by the apparent choice of the purchaser, the policy of Constantine and his successors preferred a simple and direct mode of taxation, more congenial to the spirit of an arbitrary government. Part VI.

I said afterwards in presence of his people that the French were not good seamen, that they were afraid of the icebergs which they would have to pass across to bring any merchandise, besides that their ships were weak & incapable of resistance in the northern seas; but as to those of the English, they were strong, hardy, & enterprising, that they had the knowledge of all seas, & an infinite number of large & strong ships which carried for them merchandises in all weathers & without stoppage.

Third, that he end his heirs should be entitled to one-tenth of all precious stones, metals, spices, and other merchandises, however acquired, within his Admiralty, the cost of acquisition being first deducted.