A General History and Collection of Voyages and Travels — Volume 07Kerr, Robert
History
A General History and Collection of Voyages and Travels — Volume 07
Kerr, Robert
Voyages and travels
[Footnote 124: This comparison seems made by the translator between
_larines_ and sterling money.--E.]
It is customary at Cambay, though no one is obliged, to employ brokers,
of whom there are great numbers at this place, all Gentiles and of
great repute, every one of whom keeps fifteen or twenty servants. All
the Portuguese, and more other merchants who frequent this place, employ
these brokers, who purchase and tell for them; and such as come there
for the first time are informed by their friends of this custom, and
what broker they ought to employ. Every fifteen days, when the great
fleet of barks comes into port, these brokers come to the water side,
and the merchants immediately on landing give charge of their cargoes to
the broker who transacts their business, with the marks of all their
bales and packages. After this the merchant carries on shore all the
furniture for his dwelling, it being necessary for every one who trades
to India to carry a sufficient provision of household staff for his use,
as none such are to be procured. Then the broker who takes charge of his
cargo, makes his servants carry the merchant's furniture to some empty
house in the city, every broker having several such for the
accommodation of their merchants, where there are only bedsteads,
tables, chairs, and empty water jars. Then the broker says to the
merchant, go and repose yourself and take your rest in the city. The
broker remains at the water-side in charge of the cargo, causes all the
goods to be discharged from the bark, pays the customs, and causes every
thing to be carried to the house in which the merchant has taken up his
residence, the merchant having no trouble with any thing. After this,
the broker inquires if the merchant is disposed to sell his goods at the
rate then current; and if he desires it, the broker sells the goods
immediately, and informs the merchant how much money comes to him after
payment of all charges. If the merchant is disposed to lay out his money
in the purchase of other commodities, the broker informs him at what
rate the different articles may be put free on board, all charges paid.
Being thus properly instructed, the merchant makes his calculations, and
if he is satisfied to buy or sell at the current prices he directs the
broker accordingly; so that if he have even to the value of 20,000
ducats or more, every thing will be sold off or bartered in fifteen
days, without giving himself any trouble or concern about the matter.
Should the merchant not be disposed to sell the goods at the then
current prices, he may tarry as long as he pleases, but the goods cannot
be sold for him by any other person than the broker who has taken them
in hand, and has paid the duties. Sometimes, by delaying the sale of
their commodities for a time, the merchants make good profit, and at
other times they lose; but those articles which do not ordinarily come
every fifteen days, frequently produce great profit by delaying to sell
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