“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.”

“Have I not told you, that the horse will run faster without a rider, than with a pack-saddle on his back? Give your own jockey as little, and your adversary’s as much weight as you can, if you wish to win. I complain of the borough-men, because they make laws for us, and not for themselves. As I often tell my worthy friend, Alderman Gulp, eating is good for life, but a surfeit makes a will necessary.”

“From all which I infer, that the opinions of your Leyden correspondent are not those of Mr. Van Beverout.”

The Alderman laid a finger on his nose, and looked at his companions, for a moment, without answering.

“Those Leydeners are a sagacious breed! If the United Provinces had but ground to stand on, they would, like the philosopher who boasted of his lever, move the world! The sly rogues think that the Amsterdammers have naturally an easy seat, and they wish to persuade all others to ride bare-back. I shall send the pamphlet up into the Indian country, and pay some scholar to have it translated into the Mohawk tongue, in order that the famous chief Schendoh, when the missionaries shall have taught him to read, may entertain right views of equivalents! I am not certain that I may not make the worthy divines a present, to help the good fruits to ripen.”

The Alderman leered round upon his auditors, and, folding his hands meekly on his breast, he appeared to leave his eloquence to work its own effects.

“These opinions favor but little the occupation of the—the gentleman—who now honors us with his company,” said Ludlow, regarding the gay-looking smuggler with an eye that showed how much he was embarrassed to find a suitable appellation for one whose appearance was so much at variance with his pursuits. “If restrictions are necessary to commerce, the lawless trader is surely left without an excuse for his calling.”