Babylonians and Assyrians : $b Life and customsSayce, A. H. (Archibald Henry)
History
Babylonians and Assyrians : $b Life and customs
Sayce, A. H. (Archibald Henry)
Assyria -- Social life and customs; Babylonia -- Social life and customs
Money, however, was not the only subject of a deed of partnership. Houses
and other property could be bought and sold and traded with in common.
Thus we hear of Itti-Merodach-baladh, the grandson of “the Egyptian,” and
Merodach-sapik-zeri starting as partners with a capital of 5 manehs of
silver and 130 empty barrels, two slaves acting as agents, and on another
occasion we find it stipulated that “200 barrels full of good beer, 20
empty barrels, 10 cups and saucers, 90 _gur_ of dates in the storehouse,
15 _gur_ of chickpease (?), and 14 sheep, besides the profits from the
shop and whatever else Bel-sunu has accumulated, shall be shared between
him” and his partner.
The partners usually contributed in equal parts to the business, and the
profits were divided equally among them. Where this was not the case,
provision was made for a proportionate distribution of profit and loss.
All profits were included, whether made, to use the language of Babylonian
law, “in town or country.” The partnership was generally entered into for
a fixed term of years, but could be terminated sooner by death or by
agreement. One of the partners could be represented by an agent, who was
often a slave; in some instances we hear of the wife taking the place of
her husband or other relation during his absence from home. Thus in a deed
dated in the second year of Nergal-sharezer (559 B.C.) we read: “As long
as Pani-Nebo-dhemi, the brother of Ili-qanua, does not return from his
travels, Burasu, the wife of Ili-qanua, shall share in the business of
Ili-qanua, in the place of Pani-Nebo-dhemi. When Pani-Nebo-dhemi returns
she shall leave Ili-qanua and hand over the share to Pani-Nebo-dhemi.” As
one of the witnesses to the document is a “minister of the king” who bears
the Syrian name of Salammanu, or Solomon the son of Baal-tammuh, it is
possible that Pani-Nebo-dhemi was a Syrian merchant whose business obliged
him to reside in a foreign country.
That partnerships in Babylonia were originally made for the sake of
foreign trade seems probable from the name given to them. This is
_kharran_, which properly means a “road” or “caravan.” The earliest
partners in trade would have been the members of a caravan, who clubbed
together to travel and traffic in foreign lands and to defend themselves
in common from the perils of the journey.
Public-domain text, read in full here on John Shaqi.
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