"That was a pet phrase of his," said Uncle Fritz. "He meant that his house, with its immense resources, simply bought and sold. He was away for many years once. When he returned, he found that the chief of his affairs had made an investment, from motives of public spirit, in a Western railroad. 'I thought we were merchants,' said the fine old man, disapproving. As he turned over page after page of the account, he found at last that the whole investment had been lost. 'I am glad of that,' said he; 'you will remember now that we are merchants.'"
"But surely my father is a merchant," said Julius. "He calls himself a merchant, he is put down as a merchant in the Directory, and he buys and sells, if that makes a man a merchant."
"All that is true," said Uncle Fritz. "But your father also invests money in railroads; so far he is engaged in transportation. He is a stockholder and a director in the Hecla Woollen Mills at Bromwich; so far he is a manufacturer. He told me, the other day, that he had been encouraging my little friend Griffiths, who is experimenting in the conservation of electric power; so far he is an inventor, or a patron of inventions.
"In substance, what Mr. Allerton meant when he said 'I thought we were merchants,' was this: he meant that that firm simply bought from people who wished to sell, and sold to people who wished to buy.
"The fact, that almost every man of enterprise in Massachusetts is now to a certain extent a manufacturer, shows that a great change has come over people here since the beginning of this century."
"Those were the days of Mr. Cleveland's adventures, and Mr. Forbes's," said Hugh.
He alluded to the trade in the Pacific, in which these gentlemen shared, as may be read in Stories of Adventure.
Uncle Fritz said, "Yes." He said that the patient love of Great Britain for her colonies forbade us here from making so much as a hat or a hob-nail while we were colonies, as it would gladly do again now. He said that the New Englanders had a great deal of adventurous old Norse blood in their veins, that they had plenty of ship-timber and tar. If they could not make hob-nails they could make ships; and they made very good ships before they had been in New England ten years.
Luckily for us, soon after the country became a country, near a hundred years ago, the quarrels of Europe were such, that if an English ship carried produce of the West Indies or China to Europe, France seized, if she could, ship and cargo; if a French ship carried them, English cruisers seized ship and cargo, if they could. So it happened that the American ships and the American sailors, who were not at war with England and were not at war with France, were able to carry the stores which were wanted by all the world. The wars of Napoleon were thus a steady bounty for the benefit of the commerce of America. When they were well over, we had become so well trained to commerce here, that we could build the best ships in the world; and we thought we had the best seamen in the world,—certainly there were no better. Under such a stimulus, and what followed it, our commerce, as measured by the tonnage of our ships, was as large as that of any nation, and, if measured by the miles sailed, was probably larger.
All this prosperity to merchants was broken up by the War of 1812, between the United States and Great Britain. For two years and a half, then, our intercourse with Europe was almost cut off; for the English cruisers now captured our vessels whenever they could find them. At last we had to make our own hob-nails, our guns, our cannon, our cotton cloth, and our woollen cloth, if we meant to have any at all. The farmers' wives and daughters had always had the traditions of spinning and weaving.