The English have lost the gum-trade, by the French subsidizing the King of the Trazars, who holds the key to the gum-country; and the mahogany-trade has been destroyed by that of Honduras, the wood from which is of a better quality. The experiment on the part of the English, of carrying African rice to compete with that of America, has likewise failed.
The subject of American Trade with the west of Africa is so important, that it may be well to devote a separate chapter to some account of its nature, and the methods of carrying it on.
CHAPTER XIV.
American Trade—Mode of Advertising, and of making Sales—Standard of Commercial Integrity—Dealings with Slave-Traders—Trade with the Natives—King's "Dash"—Native Commission-Merchants—The Gold Trade-The Ivory Trade—The "Round Trade"—Respectability of American Merchant-Captains—Trade with the American Squadron.
More vessels come to the coast of Africa from Salem than from any other port in the United States; although New York, Boston, and Providence, all have their regular traders. Some of these trade chiefly to Gambia or Sierra Leone; others to Gallinas, Monrovia and down the coast, touching at different points. Others, again, go to the Gaboon river, and the islands of Princes and St. Thomas; and some stretch still farther south, to Benguela, and beyond. Most American vessels bring provisions, such as flour, ship-bread, beef, pork, and hams, which are bought chiefly by the European or American colonists. The natives, however, are yearly acquiring a taste for them. The market being often overstocked, this part of the trade is precarious. Other exports are furniture, boots and shoes, wooden clocks, and all articles of American manufacture, or such as are used among civilized men. All the vessels bring New England rum, leaf-tobacco, powder, guns, large brass pans, and cotton cloth. On these points, a great deal of correct information has been given by Dr. Hall, and may be found in some of the numbers of the African Repository.
The mode of trading has some peculiarities. On arriving at a civilized settlement, the captain sends his "list" ashore to some resident merchant. This list contains a schedule of his cargo, with the prices of each article annexed, and the kind of pay required. Some take only cash. Most vessels, however, take the productions of the country at a stipulated price; for instance, camwood at, say, sixty dollars per ton, palm-oil, at twenty-five to thirty-three cents per gallon, ivory, ground or peanuts, gold dust, and gum. At the Cape de Verd islands, salt, goat-skins, and hides, are the chief commodities received in exchange; at Gambia, hides; at Monrovia, Cape Palmas, and other settlements in Liberia, camwood and palm-oil are the great staples. There is likewise some ivory, but not in large quantity. On the Gold Coast, the trade is in gold-dust and palm-oil; at the Gaboon, in ivory and gold-dust,—and at Benguela, in gum.
The "list" being put up conspicuously in the merchant's store (such being the method of advertising in Liberia, where the newspapers are not made use of, for this purpose), the traders, purchasers, and idlers, come to see what is for sale. The store becomes, for the time being, the public Exchange of the settlement, where people assemble, not merely with commercial views, but to hear the intelligence from abroad, and to diffuse it thence throughout the country. In due time, the captain comes on shore with his samples, and individual purchasers bargain for what they want. The captain receives payment, whether in cash or commodities, and weighs the camwood, or measures the palm-oil, at the merchant's store. If credit be given, the merchant is responsible, and receives a perquisite of five per cent on all sales. The captain takes up his residence on shore, and sends for goods from his vessel, as they are wanted; while the mate and crew remain on board, to despatch and receive the cargo. Every vessel has in its employ several Kroomen, by whom all the boat-service is performed.
When the demand for goods appears to have ceased, the captain either takes his unsold cargo away, or leaves a portion to be disposed of in his absence, and sets sail for another settlement. Here the same process is gone through with, and so on, until the cargo is sold. The captain then turns back, touching at the several places where he has left goods, to receive the proceeds, and thence home to America, for a new cargo. Regular traders have numerous orders to fill up, from persons resident on the coast; taking care, of course, to allow themselves a good profit for their trouble and freight. The trade with the colonists is easy and sufficiently plain; the only difficulty being the somewhat essential one of obtaining payment. Colonial traders, in abundance, are eager to buy on credit; but, possessing little or no capital, they often fail to satisfy their obligations at the period assigned—if, indeed, they ever pay at all. Commercial integrity is not here of so high an order as in older countries, where the great body of merchants have established a standard of rectitude, which individuals must not venture to transgress.