“Beggary and stoppages!” interrupted the Alder man, who was far more dogmatical than courteous in argument.  “This is the language of men who have read all sorts of books, but legers.  Here have advices from Tongue and Twaddle, of London, which state the nett proceeds of a little adventure, shipped by the brig Moose, that reached the river on the 16th of April, ultimo.  The history of the whole transaction can be put in a child’s muff—­you are a discreet youth, Captain Cornelius; and as to you, Master Seadrift, the affair is altogether out of your line—­therefore, as I was observing, here are the items, made out only a fortnight since, in the shape of a memorandum;” while speaking, the Alderman had placed his spectacles and drawn his tablets from a pocket.  Adjusting himself to the light, he continued:  “Paid bill of Sand, Furnace, and Glass, for beads, L. 3. 2. 6.—­Package and box, 1. 101/2—­Shipping charges, and freight, 11. 4.—­Insurance, averaged at, 1. 5.—­Freight, charges, and commission of agent among Mohawks, L. 10.—­Do. do. do. of shipment and sale of furs, in England, L. 7. 2 Total of costs and charges, L. 20. 18. 81/2, all in sterling money.  Note, sale of furs, to Frost and Rich, nett avails, L. 196. 11. 3.—­Balance, as per contra, L. 175. 12. 51/2.—­a very satisfactory equivalent this, Master Cornelius, to appear on the books of Tongue and Twaddle, where I stand charged with the original investment of L. 20. 19. 81/2!  How much the Empress of Germany may pay the firm of Frost and Rich for the articles, does not appear.”

“Nor does it appear that more was got for your beads, in the Mohawk country, than they were valued at there, or was paid for the skins than they were worth where they were produced.”

“Whe—­w—­w—­w!” whistled the merchant, as he returned the tablets to his pocket.

“One would think that thou hadst been studying the Leyden pamphleteer, son of my old friend!  If the savage thinks so little of his skins, and so much of my beads, I shall never take, the pains to set him right; else, always by permission of the Board of Trade, we shall see him, one day, turning his bark canoe into a good ship, and going in quest of his own ornaments.  Enterprise and voyages!  Who knows but that the rogue would see fit to stop at London, even; in which case the Mother Country might lose the profit of the sale at Vienna, and the Mohawk set up his carriage, on the difference in the value of markets!  Thus, you see, in order to run a fair race, the horses must start even, carry equal weights, and, after all, one commonly wins.  Your metaphysics are no better than so much philosophical gold leaf, which a cunning reasoner beats out into a sheet as large as the broadest American lake, to make dunces believe the earth can be transmuted into the precious material; while a plain practical man puts the value of the metal into his pocket, in good current coin.”

“And yet I hear you complain that Parliament has legislated more than is good for trade, and speak in a manner of the proceedings at home, that, you will excuse me for saying, would better become a Hollander than a subject of the crown.”