London was their earliest foreign settlement, and already in the tenth century we find that the Germans enjoyed the same rights when their ships entered British ports as those possessed by the English. In return for this they had at Easter and Christmas to make a donation of two pieces of grey and one of brown cloth, ten pounds of pepper, five pairs of men's gloves, and two barrels of vinegar. The fact that they thus paid toll in kind and not in money is entirely in accordance with the ancient usage of guilds and corporations, and the conditions of mediæval tenures. Gloves as tokens of good faith and submission, and pepper, probably because of its rarity as an Eastern product, were forms of payment frequent in early days. After this first mention we find that year by year the privileges of the German were extended in England. The kings desired that they should be treated as subjects and friends, and after Henry the Lion had married a daughter of Henry II. of England, the alliance grew yet closer. Thus special privileges were accorded to them with regard to the sale of Rhine wine, of the importation of which into Great Britain we now hear for the first time. It is evident that the commerce of England was largely in the hands of these foreigners, a circumstance the more remarkable when we consider that the English have now for some centuries been the great traders of the world. What hindered the rise of the British in early days was the feudal system against which the Germans had rebelled. It was a system incompatible with burgher life, with independent industry and enterprise. For many years the English trade was practically restricted to the exportation of wool, skins, lead, and tin. For where there is no middle class there can be no real commerce, and this fact explains the widespread power of the German merchants in England. The lessons they learnt here they carried farther afield; appearing now as the vanguard of civilization, now as the pioneers of Christianity, everywhere as traders desirous to fill their coffers, bearing in mind the maxim that "union is strength," and clinging closely to one another for mutual protection and defence. We must remember that travelling in the tenth, eleventh, and twelfth centuries was not what it is to-day. Dangers lurked on all sides for the bold mariner who ventured forth in ships of small size devoid of compass, load-line, chart, and chronometer. It was slow work to make headway under the difficulties put in the mariner's path by the elements alone, such as the darkness of night, fogs and storms, shoals, quicksands, and rocks, to say nothing of the peril from pirates. The fact, too, that, owing to the want of maps, they kept as close as possible to land, increased the risks they ran. Arrived at his destination, the trader would often have to wait long ere he could find a purchaser for his wares, for in those days the merchant himself carried his wares to market; there were no commission agents at the