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of the world。
The viceroy of Goa granted exclusive privileges to particular persons。 The people had no confidence in these men； and the commerce declined； by the perpetual change of those to whom it was entrusted； nobody took care to improve it； or to leave it entire to his successor。 In short； the profit centred in a few hands； and was not sufficiently extended。
21。 Of the Commerce of the Nobility in a Monarchy。 In a monarchical government； it is contrary to the spirit of commerce that any of the nobility should be merchants。 〃This；〃 said the Emperors Honorius and Theodosius；＇17＇ 〃would be pernicious to cities； and would remove the facility of buying and selling between the merchants and the plebeians。〃
It is contrary to the spirit of monarchy to admit the nobility into commerce。 The custom of suffering the nobility of England to trade is one of those things which has there mostly contributed to weaken the monarchical government。
22。 A singular Reflection。 Persons struck with the practice of some states imagine that in France they ought to make laws to engage the nobility to enter into commerce。 But these laws would be the means of destroying the nobility； without being of any advantage to trade。 The practice of this country is extremely wise； merchants are not nobles； though they may become so。 They have the hopes of obtaining a degree of nobility； unattended with its actual inconveniences。 There is no surer way of being advanced above their profession than to manage it well； or with success； the consequence of which is generally an affluent fortune。
Laws which oblige every one to continue in his profession； and to devolve it upon his children； neither are nor can be of use in any but despotic kingdoms； where nobody either can or ought to have emulation。＇18＇
Let none say that every one will succeed better in his profession when he cannot change it for another： I say that a person will succeed best when those who have excelled hope to rise to another。
The possibility of purchasing honour with gold encourages many merchants to put themselves in circumstances by which they may attain it。 I do not take it upon me to examine the justice of thus bartering for money the price of virtue。 There are governments where this may be very useful。
In France the dignity of the long robe； which places those who wear it between the great nobility and the people； and without having such shining honours as the former； has all their privileges； a dignity which； while this body； the depositary of the laws； is encircled with glory； leaves the private members in a mediocrity of fortune； a dignity in which there are no other means of distinction but by a superior capacity and virtue； yet which still leaves in view one much more illustrious： the warlike nobility； likewise； who conceive that； whatever degree of wealth they are possessed of； they may still increase their fortunes； who are ashamed of augmenting； if they begin not with dissipating； their estates； who always serve their prince with their whole capital stock； and when that is sunk make room for others； who follow their example； who take the field that they may never be reproached with not having been there； who； when they can no longer hope for riches； live in expectation of honours； and when they have not obtained the latter； enjoy the consolation of having acquired glory： all these things together have necessarily contributed to augment the grandeur of this kingdom； and if for two or three centuries it has been incessantly increasing in power； this must be attributed not to Fortune； who was never famed for constancy； but to the goodness of its laws。
23。 To what Nations Commerce is prejudicial。 Riches consist either in lands or in movable effects。 The soil of every country is commonly possessed by the natives。 The laws of most states render foreigners unwilling to purchase their lands； and nothing but the presence of the owner improves them： this kind of riches； therefore； belongs to every state in particular； but movable effects； as money； notes； bills of exchange； stocks in companies； vessels； and； in fine； all merchandise； belong to the whole world in general； in this respect； it is composed of but one single state； of which all the societies upon earth are members。 The people who possess more of these movable effects than any other on the globe are the most opulent。 Some states have an immense quantity acquired by their commodities； by the labour of their mechanics； by their industry； by their discoveries； and even by chance。 The avarice of nations makes them quarrel for the movables of the whole universe。 If we could find a state so unhappy as to be deprived of the effects of other countries； and at the same time of almost all its own； the proprietors of the lands would be only planters to foreigners。 This state； wanting all； could acquire nothing； therefore； it would be much better for the inhabitants not to have the least commerce with any nation upon earth； for commerce in these circumstances must necessarily lead them to poverty。
A country that constantly exports fewer manufactures or commodities than it receives will soon find the balance sinking； it will receive less and less； until； falling into extreme poverty； it will receive nothing at all。
In trading countries the specie； which suddenly vanishes； quickly returns； because those nations that have received it are its debtors。 But it never returns into those states of which we have just been speaking； because those who have received it owe them nothing。
Poland will serve us for an example。 It has scarcely any of those things which we call the movable effects of the universe； except corn； the produce of its lands。 Some of the lords possess entire provinces； they oppress the husbandmen； in order to have greater quantities of corn； which they send to strangers； to procure the superfluous demands of luxury。 If Poland had no foreign trade； its inhabitants would be happier。 The grandees； who would have only their corn； would give it to their peasants for subsistence； as their too extensive estates would become burdensome； they would divide them among their peasants； every one would find skins or wool in their herds or flocks； so that they would no longer be at an immense expense in providing clothes； the great； who are ever fond of luxury； not being able to find it but in their own country； would encourage the labour of the poor。 This nation； I affirm； would then become more flourishing； at least if it did not become barbarous； and this the laws might easily prevent。
Let us next consider Japan。 The vast quantity of what they receive is the cause of the vast quantity of merchandise they send abroad。 Things are thus in as nice an equilibrium as if the importation and exportation were but small。 Besides； this kind of exuberance in the state is productive of a thousand advantages； there is a greater consumption； a greater quantity of those things on which the arts are exercised； more men employed； and more numerous means of acquiring power； exigencies may also happen that require a speedy assistance； which so opulent a state can better afford than any other。 It is difficult for a country to avoid having superfluities； but it is the nature of commerce to render the superfluous useful； and the useful necessary。 The state will be； therefore； able to afford necessaries to a much greater number of subjects。
Let us say； then； that it is not those nations who have need of nothing that must lose by trade； it is those who have need of everything。 It is not such people as have a sufficiency within themselves； but those who are most in want； that will find an advantage in putting a stop to all commercial intercourse。
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1。 C？sar said of the Gauls that they were spoiled by the neighbourhood and commerce of Marseilles； insomuch that they who formerly always conquered the Germans had now become inferior to them。 De Bello Gall。； vi。 23。
2。 Holland。
3。 Et qui modo hospes fuerat； monstrator hospitii。 De Moribus Germanorum； 21。 See C？sar； De Bello Gall。 vi。 21。
4。 Tit。 38。
5。 Cicero； De Rep。； iv。
6。 Justin； xliii。 3。
7。 Father Du Halde； ii； p。 170。
8。 This was first established by the Portuguese。 Pirard； Voyages； part II； 15。
9。 Acts of Navigation； 1660。 It is only in time of war that the merchants of Boston and Philadelphia send their vessels directly to the Mediterranean。
10。 Published in Cadiz in March； 1740。
11。 Plutarch； Against Lending Upon Usury； 4。
12。 Diodorus； i； part II； 79。
13。 The Greek legislators were to blame in preventing the arms and plough of any man from being taken in pledge； and yet permitting the taking of the man himself。 Ibid。
14。 Hypotiposes； i。 14。
15。 Laws； viii。
16。 Zonaras。
17。 Leg。； Nobiliores； Cod。 de Comm。； Leg。 ult。 de rescind； vendit。
18。 This is actually very often the case in such governments。
Book XXI。 Of Laws in relation to Commerce； considered in the Revolutions it has met with in the World
1。 Some general Considerations。 Though commerce be subject to great revolutions； yet it is possible that certain physical causes； as the quality of the soil； or the climate； may fix its nature for ever。
We at present car