To begin with, it is true that in Japan we had the classification of the people into four, viz. soldiers, farmers, artisans, and traders, and thus traders stood the last. From this fact ordinary critics make a hasty conclusion that Japanese traders--in which term big merchants are included--occupied in every respect a position which was inferior even to that of common peasants; but this is not fair. In social matters they often occupied very good positions; in fact, there were many to whom special considerations similar to Samurai were accorded. The above classification has much deeper meaning than a mere social caprice, and it is derived from a theory of political economy of the classical China. According to that theory, agriculture is considered the foundation of a nation, and commerce is a mere act of transportation of things already made, and, therefore, comparatively of little value. That such a theory should have existed in China is a matter of no surprise, for even in the Europe of a little more than one hundred years ago there flourished physiocracy, the doctrine of which was almost identical with that of the Chinese. The Japanese classification of the former days was considerably due to the influence of that theory, and therefore the relative positions of the Samurai, farmers, artisans, and traders were more of theoretical notion than a social fact. This is a distinction very important to be kept in view when one discusses things Japanese. That the Samurai as a class despised dealings in matters of profit is an undoubted fact, but a trader's position was not so degraded as Mr. Longford represents. He says:-- 'Just as the training and social precedence of his ancestors for hundreds of years and of himself have made the Japanese soldier a model without flaw of loyalty, devotion, and courage, ready to sacrifice at any time life or property for his sovereign and his country, so have oppression and social degradation combined to make the merchant a no less striking model of dishonesty and timidity, unwilling and unable to make the smallest monetary sacrifice for his own or his country's fair fame.'