Sibbat-asê-iddina hired as “business” the produce of a field from
three men. The produce of the business was to be three and
seven-fifteenths _GUR_ of corn, according to the standard measure
of Shamash paid in Kar-Sippar, and one shekel was to be profit.
This was what he had to pay, and evidently, if the crop yielded more, that
was his profit; if less, he had to stand the loss. Similarly, other crops
were let on the terms that at harvest, or at the end of the “business,” a
specified amount should be paid.
(M687) We learn from many hints, that caravan trade was always active. The
name of Ḥarran in Mesopotamia is supposed to be derived from the numerous
caravan routes that crossed there. The Tell el Amarna tablets tell us of
the complaints made by the kings of Babylonia of the robbery of caravans
in districts nominally under the control of Egypt.
(M688) In the more private documents of the later Babylonian times, there
is again plentiful evidence that this form of trade was common. The money
was loaned out “to buy and sell.” It was given _ana ḫarrânu_, “for hawking
trade.” Then whatever profit was made upon the money, the agent “will
give” to the principal. The agent binds himself to undertake no other
agency. He gives a guarantee for the money. The principal had no further
responsibility for the business, and would not meet any further call. It
is obvious that in a sense the principal and agent were partners, and many
transactions in later times are difficult to distinguish from cases of
partnership in the ordinary sense.
(M689) It has long been recognized that the canals controlled the
prosperity of the country, but it is only lately that their importance as
waterways has been fully realized. In the early period we read of flour
sent by ship to Nippur for certain officials.(732)
Public-domain text, read in full here on John Shaqi.
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