his own country, he could claim his liberty without having to pay any purchase-money to either of his masters. The code of Hammurabi also contains detailed regulations concerning the duties of debtors and creditors, and it throws an interesting light on the commercial life of the Babylonians at this early period. For instance, it reveals the method by which a wealthy man, or a merchant, extended his business and obtained large profits by trading with other towns. This he did by employing agents who were under certain fixed obligations to him, but acted independently so far as their trading was concerned. From the merchant these agents would receive money or grain or wool or oil or any sort of goods wherewith to trade, and in return they paid a fixed share of their profits, retaining the remainder as the recompense for their own services. They were thus the earliest of commercial travellers. In order to prevent fraud between the merchant and the agent special regulations were framed for the dealings they had with one another. Thus, when the agent received from the merchant the money or goods to trade with, it was enacted that he should at the time of the transaction give a properly executed receipt for the amount he had received. Similarly, if the agent gave the merchant money in return for the goods he had received and in token of his good faith, the merchant had to give a receipt to the agent, and in reckoning their accounts after the agent’s return from his journey, only such amounts as were specified in the receipts were to be regarded as legal obligations. If the agent forgot to obtain his proper receipt he did so at his own risk. [Illustration: 280.jpg CLAY CONTRACT TABLET AND ITS OUTER CASE] Dating from the period of the First Dynasty of Babylon.