Travels to Discover the Source of the Nile, Volume 1 (of 5): In the years 1768, 1769, 1770, 1771, 1772 and 1773Bruce, James
History
Travels to Discover the Source of the Nile, Volume 1 (of 5): In the years 1768, 1769, 1770, 1771, 1772 and 1773
Bruce, James
Egypt -- Description and travel; Ethiopia -- Description and travel; Ethiopia -- History; Natural history -- Ethiopia; Nile River
The discovery of Spain, and the possession of the mines of Attica
from which they drew their silver, and the revolution that happened
in Egypt itself, seemed to have superseded the communication with the
coast of Africa; for, in Strabo’s time, few of the ports of the Indian
Ocean, even those nearest the Red Sea, were known. I should, indeed,
suppose, that the trade to India by Egypt decreased from the very time
of the conquest by Cæsar. The mines the Romans had at the source of
the river Betis[314], in Spain, did not produce them above L.15,000
a-year; this was not a sufficient capital for carrying on the trade
to India, and therefore the immense riches of the Romans seem to have
been derived from the greatness of the prices, not from the extent
of the trade. In fact[315], we are told that 100 _per cent_. was a
profit in common trade upon the Indian commodities. Egypt now, and
all its neighbourhood, began to wear a face of war, to which it had
been a stranger for so many ages. The north of Africa was in constant
troubles, after the first ruin of Carthage; so that we may imagine the
trade to India began again, on that side, to be carried on pretty much
in the same manner it had been before the days of Alexander. But it had
enlarged itself very much on the Persian side, and found an easy, short
inlet, into the north of Europe, which then furnished them a market and
consumption of spices.
I must confess, notwithstanding, if it is true what Strabo says he
heard himself in Egypt, that the Romans employed one hundred and twenty
vessels in the Indian trade[316], it must at that time have lost very
little of its vigour. We must, however, imagine, that great part of
this was for the account, and with the funds of foreign merchants. The
Jews in Alexandria, until the reign of Ptolemy Phiscon, had carried on
a very extensive part of the India trade. All Syria was mercantile; and
lead, iron, and copper, supplied, in some manner, the deficiency of
gold and silver, which never again was in such abundance till after the
discovery of America.
But the ancient trade to India, by the Arabian Gulf and Africa, carried
on by the medium of these two metals, remained at home undiminished
with the Ethiopians, defended by large extensive deserts, and happy
with the enjoyment of riches and security, till a fresh discovery again
introduced to them both partners and masters in their trade.
Public-domain text, read in full here on John Shaqi.
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