Of the two great avenues of trade, that indicated by the termini Bruges and Novgorod is first deserving of mention. For centuries it was practically used exclusively by merchants of the Hansa, who, moreover, were forbidden to form copartnerships with foreigners, such as Russians and Englishmen. Novgorod, well guarded against pirates and situated in the navigable Volkhov, was at that time in a sense the capital of the much-divided Russian empire. This city, since the day of its founder, Rurik, had been the centre of Russian trade and enjoyed an almost republican independence. From this point diverged the most frequented highways of trade to the Dnieper and the Volga. From Russia the German merchant exported chiefly fine furs, such as beaver, ermine, and sable, and enormous quantities of wax, which to-day, as formerly, is still obtained in the central wooded parts of the country where apiculture is extensively prosecuted. His imports, on the other hand, consisted of fine products of the loom, articles of wool, linen, and silk; of boots and shoes, usually manufactured at home of Russian leather; and finally, of beer, metal goods, and general merchandise. It is evident, therefore, that the German merchant provided Russia--which country was at that time industrially in a very primitive condition--with all the necessaries required. Bruges, in Flanders, the western terminus of the before-mentioned highway of commerce, was during the last centuries of the Middle Ages approximately what London is to the world of to-day. It was, beside Venice, the actual world-mart of the Continent, a centre where Italians, Spaniards, Portuguese, Frenchmen, and High- and Low-Germans--a motley throng--congregated to exchange their goods. Thither the Hanseatic merchant transported wood and other forest products; building stones and iron, the latter being still forged in primitive forest smithies; and copper from the rich mines of Falun, the ore from which was usually sold or mortgaged to the Lubeck merchants. From the Baltic countries he imported grain, and from Scandinavia herring and cod--all natural products, in exchange for which he sent to the respective countries his own manufactured goods. In Bruges he represented the entire northern region, both in the giving and the receiving of merchandise, for only through his instrumentality could the gifts of the East, such as oil, wine, spices, silk, and other articles of luxury, which were usually transported through the Alpine passes and thence down the Rhine to Bruges, be distributed among the northern nations. This applies also to the highly prized textiles of Flanders, which in those days were sometimes sold at fabulous prices.