Thus, For Instance, The Great Baghdad Merchants Of Aleppo, Men With From Thirty To Forty Thousand Pounds In Capital, Receive Goods From Their Friends At Baghdad, And Then Send Them From Aleppo To Constantinople.

I have known many of them who kept no clerk, but transacted the whole of their business themselves.

At Cairo, the Syrian merchants trade in the stuffs of Damascus and Aleppo, and

[p.39] are altogether unconnected with the Maggrebin, Syria, and Djidda merchants.

Mercantile transactions are farther simplified by the traders employing chiefly their own capital, commission business being much less extensive than it is in Europe. When a merchant consigns a considerable quantity of goods to a place, he sends a partner with them, or perhaps a relative, if he have no partner resident in the place. Ranking concerns and bills of exchange are wholly unknown among the natives, which saves them much trouble. In those towns where European factories are established, bills may be found, but they are hardly current with the natives, among whom assignments only are customary.

The practice followed equally by Mahomedan, Christian, and Jewish merchants, in the East, of never drawing an exact balance of the actual state of their capital, is another cause that renders the details of book-keeping less necessary here than in Europe. For the same reason that a Bedouin never counts the tents of his tribe, nor the exact number of his sheep, nor a military chief the exact number of his men, nor a governor the number of inhabitants of his town, a merchant never attempts to ascertain the exact amount of his property; an approximation only is all that be desires.

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Words from 16748 to 17026 of 182297