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go¡¡the¡¡hopes¡¡of¡¡enriching¡¡themselves£»¡¡provided¡¡they¡¡can¡¡be¡¡secure¡¡of¡¡a¡¡certain¡¡subsistence£»¡¡or¡¡for¡¡nations¡¡whose¡¡slavery¡¡consists¡¡either¡¡in¡¡renouncing¡¡the¡¡use¡¡of¡¡those¡¡things¡¡which¡¡nature¡¡has¡¡given¡¡them£»¡¡or¡¡in¡¡being¡¡obliged¡¡to¡¡submit¡¡to¡¡a¡¡disadvantageous¡¡commerce¡£

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For¡¡the¡¡same¡¡reason£»¡¡all¡¡associations¡¡of¡¡merchants£»¡¡in¡¡order¡¡to¡¡carry¡¡on¡¡a¡¡particular¡¡commerce£»¡¡are¡¡seldom¡¡proper¡¡in¡¡absolute¡¡governments¡£¡¡The¡¡design¡¡of¡¡these¡¡companies¡¡is¡¡to¡¡give¡¡to¡¡the¡¡wealth¡¡of¡¡private¡¡persons¡¡the¡¡weight¡¡of¡¡public¡¡riches¡£¡¡But¡¡in¡¡those¡¡governments¡¡this¡¡weight¡¡can¡¡be¡¡found¡¡only¡¡in¡¡the¡¡prince¡£¡¡Nay£»¡¡they¡¡are¡¡not¡¡even¡¡always¡¡proper¡¡in¡¡states¡¡engaged¡¡in¡¡economical¡¡commerce£»¡¡for£»¡¡if¡¡the¡¡trade¡¡be¡¡not¡¡so¡¡great¡¡as¡¡to¡¡surpass¡¡the¡¡management¡¡of¡¡particular¡¡persons£»¡¡it¡¡is¡¡much¡¡better¡¡to¡¡leave¡¡it¡¡open¡¡than£»¡¡by¡¡exclusive¡¡privileges£»¡¡to¡¡restrain¡¡the¡¡liberty¡¡of¡¡commerce¡£

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12¡£¡¡Of¡¡the¡¡Freedom¡¡of¡¡Commerce¡£¡¡The¡¡freedom¡¡of¡¡commerce¡¡is¡¡not¡¡a¡¡power¡¡granted¡¡to¡¡the¡¡merchants¡¡to¡¡do¡¡what¡¡they¡¡please£º¡¡this¡¡would¡¡be¡¡more¡¡properly¡¡its¡¡slavery¡£¡¡The¡¡constraint¡¡of¡¡the¡¡merchant¡¡is¡¡not¡¡the¡¡constraint¡¡of¡¡commerce¡£¡¡It¡¡is¡¡in¡¡the¡¡freest¡¡countries¡¡that¡¡the¡¡merchant¡¡finds¡¡innumerable¡¡obstacles£»¡¡and¡¡he¡¡is¡¡never¡¡less¡¡crossed¡¡by¡¡laws¡¡than¡¡in¡¡a¡¡country¡¡of¡¡slaves¡£

England¡¡prohibits¡¡the¡¡exportation¡¡of¡¡her¡¡wool£»¡¡coals¡¡must¡¡be¡¡brought¡¡by¡¡sea¡¡to¡¡the¡¡capital£»¡¡no¡¡horses£»¡¡except¡¡geldings£»¡¡are¡¡allowed¡¡to¡¡be¡¡exported£»¡¡and¡¡the¡¡vessels¡¡of¡¡her¡¡colonies¡¡trading¡¡to¡¡Europe¡¡must¡¡take¡¡in¡¡water¡¡in¡¡England¡££§9£§¡¡The¡¡English¡¡constrain¡¡the¡¡merchant£»¡¡but¡¡it¡¡is¡¡in¡¡favour¡¡of¡¡commerce¡£

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The¡¡farming¡¡of¡¡the¡¡customs¡¡destroys¡¡commerce¡¡by¡¡its¡¡injustice¡¡and¡¡vexations£»¡¡as¡¡well¡¡as¡¡by¡¡the¡¡excess¡¡of¡¡the¡¡imposts£º¡¡but¡¡independent¡¡of¡¡this£»¡¡it¡¡destroys¡¡it¡¡even¡¡more¡¡by¡¡the¡¡difficulties¡¡that¡¡arise¡¡from¡¡it£»¡¡and¡¡by¡¡the¡¡formalities¡¡it¡¡exacts¡£¡¡In¡¡England£»¡¡where¡¡the¡¡customs¡¡are¡¡managed¡¡by¡¡the¡¡king's¡¡officers£»¡¡business¡¡is¡¡negotiated¡¡with¡¡a¡¡singular¡¡dexterity£º¡¡one¡¡word¡¡of¡¡writing¡¡accomplishes¡¡the¡¡greatest¡¡affairs¡£¡¡The¡¡merchant¡¡needs¡¡not¡¡lose¡¡an¡¡infinite¡¡deal¡¡of¡¡time£»¡¡he¡¡has¡¡no¡¡occasion¡¡for¡¡a¡¡particular¡¡commissioner£»¡¡either¡¡to¡¡obviate¡¡all¡¡the¡¡difficulties¡¡of¡¡the¡¡farmers£»¡¡or¡¡to¡¡submit¡¡to¡¡them¡£

14¡£¡¡The¡¡Laws¡¡of¡¡Commerce¡¡concerning¡¡the¡¡Confiscation¡¡of¡¡Merchandise¡£¡¡The¡¡Magna¡¡Charta¡¡of¡¡England¡¡forbids¡¡the¡¡seizing¡¡and¡¡confiscating£»¡¡in¡¡case¡¡of¡¡war£»¡¡the¡¡effects¡¡of¡¡foreign¡¡merchants£»¡¡except¡¡by¡¡way¡¡of¡¡reprisals¡£¡¡It¡¡is¡¡an¡¡honour¡¡to¡¡the¡¡English¡¡nation¡¡that¡¡they¡¡have¡¡made¡¡this¡¡one¡¡of¡¡the¡¡articles¡¡of¡¡their¡¡liberty¡£

In¡¡the¡¡late¡¡war¡¡between¡¡Spain¡¡and¡¡England£»¡¡the¡¡former¡¡made¡¡a¡¡law¡¡which¡¡punished¡¡with¡¡death¡¡those¡¡who¡¡brought¡¡English¡¡merchandise¡¡into¡¡the¡¡dominions¡¡of¡¡Spain£»¡¡and¡¡the¡¡same¡¡penalty¡¡on¡¡those¡¡who¡¡carried¡¡Spanish¡¡merchandise¡¡into¡¡England¡££§10£§¡¡An¡¡ordinance¡¡like¡¡this¡¡cannot£»¡¡I¡¡believe£»¡¡find¡¡a¡¡precedent¡¡in¡¡any¡¡laws¡¡but¡¡those¡¡of¡¡Japan¡£¡¡It¡¡equally¡¡shocks¡¡humanity£»¡¡the¡¡spirit¡¡of¡¡commerce£»¡¡and¡¡the¡¡harmony¡¡which¡¡ought¡¡to¡¡subsist¡¡in¡¡the¡¡proportion¡¡of¡¡penalties£»¡¡it¡¡confounds¡¡all¡¡our¡¡ideas£»¡¡making¡¡that¡¡a¡¡crime¡¡against¡¡the¡¡state¡¡which¡¡is¡¡only¡¡a¡¡violation¡¡of¡¡civil¡¡polity¡£

15¡£¡¡Of¡¡seizing¡¡the¡¡Persons¡¡of¡¡Merchants¡£¡¡Solon¡¡made¡¡a¡¡law¡¡that¡¡the¡¡Athenians¡¡should¡¡no¡¡longer¡¡seize¡¡the¡¡body¡¡for¡¡civil¡¡debts¡££§11£§¡¡This¡¡law¡¡he¡¡received¡¡from¡¡Egypt¡£¡¡It¡¡had¡¡been¡¡made¡¡by¡¡Boccoris£»¡¡and¡¡renewed¡¡by¡¡Sesostris¡££§12£§

This¡¡law¡¡is¡¡extremely¡¡good¡¡with¡¡respect¡¡to¡¡the¡¡generality¡¡of¡¡civil¡¡affairs£»¡¡but¡¡there¡¡is¡¡sufficient¡¡reason¡¡for¡¡its¡¡not¡¡being¡¡observed¡¡in¡¡those¡¡of¡¡commerce¡££§13£§¡¡For¡¡as¡¡merchants¡¡are¡¡obliged¡¡to¡¡entrust¡¡large¡¡sums£»¡¡frequently¡¡for¡¡a¡¡very¡¡short¡¡time£»¡¡and¡¡to¡¡pay¡¡money¡¡as¡¡well¡¡as¡¡to¡¡receive¡¡it£»¡¡there¡¡is¡¡a¡¡necessity¡¡that¡¡the¡¡debtor¡¡should¡¡constantly¡¡fulfil¡¡his¡¡engagements¡¡at¡¡the¡¡time¡¡prefixed£»¡¡and¡¡hence¡¡it¡¡becomes¡¡necessary¡¡to¡¡lay¡¡a¡¡constraint¡¡on¡¡his¡¡person¡£

In¡¡affairs¡¡relating¡¡to¡¡common¡¡civil¡¡contracts£»¡¡the¡¡law¡¡ought¡¡not¡¡to¡¡permit¡¡the¡¡seizure¡¡of¡¡the¡¡person£»¡¡because¡¡the¡¡liberty¡¡of¡¡one¡¡citizen¡¡is¡¡of¡¡greater¡¡importance¡¡to¡¡the¡¡public¡¡than¡¡the¡¡ease¡¡or¡¡prosperity¡¡of¡¡another¡£¡¡But¡¡in¡¡conventions¡¡derived¡¡from¡¡commerce£»¡¡the¡¡law¡¡ought¡¡to¡¡consider¡¡the¡¡public¡¡prosperity¡¡as¡¡of¡¡greater¡¡importance¡¡than¡¡the¡¡liberty¡¡of¡¡a¡¡citizen£»¡¡which£»¡¡however£»¡¡does¡¡not¡¡hinder¡¡the¡¡restrictions¡¡and¡¡limitations¡¡that¡¡humanity¡¡and¡¡good¡¡policy¡¡demand¡£

16¡£¡¡An¡¡excellent¡¡Law¡£¡¡Admirable¡¡is¡¡that¡¡law¡¡of¡¡Geneva¡¡which¡¡excludes¡¡from¡¡the¡¡magistracy£»¡¡and¡¡even¡¡from¡¡the¡¡admittance¡¡into¡¡the¡¡great¡¡council£»¡¡the¡¡children¡¡of¡¡those¡¡who¡¡have¡¡lived¡¡or¡¡died¡¡insolvent£»¡¡except¡¡they¡¡have¡¡discharged¡¡their¡¡father's¡¡debts¡£¡¡It¡¡has¡¡this¡¡effect£º¡¡it¡¡creates¡¡a¡¡confidence¡¡in¡¡the¡¡merchants£»¡¡in¡¡the¡¡magistrates£»¡¡and¡¡in¡¡the¡¡city¡¡itself¡£¡¡There¡¡the¡¡credit¡¡of¡¡the¡¡individual¡¡has¡¡still¡¡all¡¡the¡¡weight¡¡of¡¡public¡¡credit¡£

17¡£¡¡A¡¡Law¡¡of¡¡Rhodes¡££§14£§¡¡The¡¡inhabitants¡¡of¡¡Rhodes¡¡went¡¡further¡£¡¡Sextus¡¡Empiricus¡¡observes¡¡that¡¡among¡¡those¡¡people¡¡a¡¡son¡¡could¡¡not¡¡be¡¡excused¡¡from¡¡paying¡¡his¡¡father's¡¡debts¡¡by¡¡renouncing¡¡the¡¡succession¡£¡¡This¡¡law¡¡of¡¡Rhodes¡¡was¡¡calculated¡¡for¡¡a¡¡republic¡¡founded¡¡on¡¡commerce¡£¡¡Now¡¡I¡¡am¡¡inclined¡¡to¡¡think¡¡that¡¡reasons¡¡drawn¡¡from¡¡commerce¡¡itself¡¡should¡¡make¡¡this¡¡limitation£»¡¡that¡¡the¡¡debts¡¡contracted¡¡by¡¡the¡¡father¡¡since¡¡the¡¡son's¡¡entering¡¡into¡¡commerce¡¡should¡¡not¡¡affect¡¡the¡¡estate¡¡or¡¡property¡¡acquired¡¡by¡¡the¡¡latter¡£¡¡A¡¡merchant¡¡ought¡¡always¡¡to¡¡know¡¡his¡¡obligations£»¡¡and¡¡to¡¡square¡¡his¡¡conduct¡¡by¡¡his¡¡circumstances¡¡and¡¡present¡¡fortune¡£

18¡£¡¡Of¡¡the¡¡Judges¡¡of¡¡Commerce¡£¡¡Xenophon£»¡¡in¡¡his¡¡book¡¡of¡¡Revenues£»¡¡would¡¡have¡¡rewards¡¡given¡¡to¡¡those¡¡overseers¡¡of¡¡commerce¡¡who¡¡despatched¡¡the¡¡causes¡¡brought¡¡before¡¡them¡¡with¡¡the¡¡greatest¡¡expedition¡£¡¡He¡¡was¡¡sensible¡¡of¡¡the¡¡need¡¡of¡¡our¡¡modern¡¡jurisdiction¡¡of¡¡a¡¡consul¡£

The¡¡affairs¡¡of¡¡commerce¡¡are¡¡but¡¡little¡¡susceptible¡¡of¡¡formalities¡£¡¡They¡¡are¡¡the¡¡actions¡¡of¡¡a¡¡day£»¡¡and¡¡are¡¡every¡¡day¡¡followed¡¡by¡¡others¡¡of¡¡the¡¡same¡¡nature¡£¡¡Hence¡¡it¡¡becomes¡¡necessary¡¡that¡¡every¡¡day¡¡they¡¡should¡¡be¡¡decided¡£¡¡It¡¡is¡¡otherwise¡¡with¡¡those¡¡actions¡¡of¡¡life¡¡which¡¡have¡¡a¡¡principal¡¡influence¡¡on¡¡futurity£»¡¡but¡¡rarely¡¡happen¡£¡¡We¡¡seldom¡¡marry¡¡more¡¡than¡¡once£»¡¡deeds¡¡and¡¡wills¡¡are¡¡not¡¡the¡¡work¡¡of¡¡every¡¡day£»¡¡we¡¡are¡¡but¡¡once¡¡of¡¡age¡£

Plato£§15£§¡¡says¡¡that¡¡in¡¡a¡¡city¡¡where¡¡there¡¡is¡¡no¡¡maritime¡¡commerce¡¡there¡¡ought¡¡not¡¡to¡¡be¡¡above¡¡half¡¡the¡¡number¡¡of¡¡civil¡¡laws£º¡¡this¡¡is¡¡very¡¡true¡£¡¡Commerce¡¡brings¡¡into¡¡the¡¡same¡¡country¡¡different¡¡kinds¡¡of¡¡people£»¡¡it¡¡introduces¡¡also¡¡a¡¡great¡¡number¡¡of¡¡contracts¡¡and¡¡species¡¡of¡¡wealth£»¡¡with¡¡various¡¡ways¡¡of¡¡acquiring¡¡it¡£

Thus¡¡in¡¡a¡¡trading¡¡city¡¡there¡¡are¡¡fewer¡¡judges£»¡¡and¡¡more¡¡laws¡£

19¡£¡¡That¡¡a¡¡Prince¡¡ought¡¡not¡¡to¡¡engage¡¡himself¡¡in¡¡Commerce¡£¡¡Theophilus£»£§16£§¡¡seeing¡¡a¡¡vessel¡¡laden¡¡with¡¡merchandise¡¡for¡¡his¡¡wife¡¡Theodora£»¡¡ordered¡¡it¡¡to¡¡be¡¡burned¡£¡¡¡¨I¡¡am¡¡emperor£»¡¨¡¡said¡¡he£»¡¡¡¨and¡¡you¡¡make¡¡me¡¡the¡¡master¡¡of¡¡a¡¡galley¡£¡¡By¡¡what¡¡means¡¡shall¡¡these¡¡poor¡¡men¡¡gain¡¡a¡¡livelihood¡¡if¡¡we¡¡take¡¡their¡¡trade¡¡out¡¡of¡¡their¡¡hands£¿¡¨¡¡He¡¡might¡¡have¡¡added¡£¡¡Who¡¡shall¡¡set¡¡bounds¡¡to¡¡us¡¡if¡¡we¡¡monopolise¡¡all¡¡ourselves£¿¡¡Who¡¡shall¡¡oblige¡¡us¡¡to¡¡fulfil¡¡our¡¡engagements£¿¡¡Our¡¡courtiers¡¡will¡¡follow¡¡our¡¡example£»¡¡they¡¡will¡¡be¡¡more¡¡greedy¡¡and¡¡more¡¡unjust¡¡than¡¡we£º¡¡the¡¡people¡¡have¡¡some¡¡confidence¡¡in¡¡our¡¡justice£»¡¡they¡¡will¡¡have¡¡none¡¡in¡¡our¡¡opulence£º¡¡all¡¡these¡¡numerous¡¡duties£»¡¡the¡¡cause¡¡of¡¡their¡¡wants£»¡¡are¡¡certain¡¡proofs¡¡of¡¡ours¡£

20¡£¡¡The¡¡same¡¡Subject¡¡continued¡£¡¡When¡¡the¡¡Portuguese¡¡and¡¡Castilians¡¡bore¡¡sway¡¡in¡¡the¡¡East¡¡Indies£»¡¡commerce¡¡had¡¡such¡¡opulent¡¡branches¡¡that¡¡their¡¡princes¡¡did¡¡not¡¡fail¡¡to¡¡seize¡¡them¡£¡¡This¡¡ruined¡¡their¡¡settlements¡¡in¡¡those¡¡parts¡¡of¡¡the¡¡world¡£

The¡¡viceroy¡¡of¡¡Goa¡¡granted¡¡exclusive¡¡privileges¡¡to¡¡particular¡¡persons¡£¡¡The¡¡people¡¡

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