Definition: concerning trade or merchants
Definition: concerning trade or merchants
Sentences Containing 'mercantile'
The difference between the genius of the British constitution, which protects and governs North America, and that of the mercantile company which oppresses and domineers in the East Indies, cannot, perhaps, be better illustrated than by the different state of those countries.
In mercantile and manufacturing towns, where the inferior ranks of people are chiefly maintained by the employment of capital, they are in general industrious, sober, and thriving; as in many English, and in most Dutch towns.
Whoever has had the fortune to live in a mercantile town, situated in an unimproved country, must have frequently observed how much more spirited the operations of merchants were in this way, than those of mere country gentlemen.
The habits, besides, of order, economy, and attention, to which mercantile business naturally forms a merchant, render him much fitter to execute, with profit and success, any project of improvement.
It is sometimes general through a whole mercantile town and the country in its neighbourhood.
This bullion, as it circulates among different commercial countries, in the same manner as the national coin circulates in every country, may be considered as the money of the great mercantile republic.
The national coin receives its movement and direction from the commodities circulated within the precincts of each particular country; the money in the mercantile republic, from those circulated between different countries.
Part of this money of the great mercantile republic may have been, and probably was, employed in carrying on the late war.
If those two countries, however, were to consider their real interest, without either mercantile jealousy or national animosity, the commerce of France might be more advantageous to Great Britain than that of any other country, and, for the same reason, that of Great Britain to France.
Mercantile jealousy is excited, and both inflames, and is itself inflamed, by the violence of national animosity, and the traders of both countries have announced, with all the passionate confidence of interested falsehood, the certain ruin of each, in consequence of that unfavourable balance of trade, which, they pretend, would be the infallible effect of an unrestrained commerce with the other.
It is in this manner that the mercantile system proposes to enrich the whole country, and to put money into all our pockets, by means of the balance of trade.
The effect of bounties, like that of all the other expedients of the mercantile system, can only be to force the trade of a country into a channel much less advantageous than that in which it would naturally run of its own accord.
This, he imagines, upon the true principles of the mercantile system, is a clear proof that this forced corn trade is beneficial to the nation, the value of the exportation exceeding that of the importation by a much greater sum than the whole extraordinary expense which the public has been at in order to get it exported.
Of all the expedients of the mercantile system, accordingly, it is the one of which they are the fondest.
But as he could not afford to employ the latter for less than the ordinary profits of farming stock, so he could as little afford to employ the former for less than the ordinary profits of mercantile stock.
But as the law for the encouragement of coinage derives its origin from those vulgar prejudices which have been introduced by the mercantile system, I judged it more proper to reserve them for this chapter.
Unless, therefore, some part of those duties was drawn back upon exportation, there was an end of the carrying trade; a trade so much favoured by the mercantile system.
In allowing the same drawbacks upon the re-exportation of the greater part of European and East India goods to the colonies, as upon their re-exportation to any independent country, the interest of the mother country was sacrificed to it, even according to the mercantile ideas of that interest.
Such are the unfortunate effects of all the regulations of the mercantile system.
If this difference affords a greater profit than what can be drawn from an equal capital in any mercantile employment, the improvement of land will draw capital from all mercantile employments.
If the profit is less, mercantile employments will draw capital from the improvement of land.
But the owners of the great mercantile capitals are necessarily the leaders and conductors of the whole industry of every nation; and their example has a much greater influence upon the manners of the whole industrious part of it than that of any other order of men.
Such has been the tone of mercantile expense in those two trading cities, that those exorbitant profits, far from augmenting the general capital of the country, seem scarce to have been sufficient to keep up the capitals upon which they were made.
Compare the mercantile manners of Cadiz and Lisbon with those of Amsterdam, and you will be sensible how differently the conduct and character of merchants are affected by the high and by the low profits of stock.
Monopoly of one kind or another, indeed, seems to be the sole engine of the mercantile system.
The limited stock of the Dutch East India company probably repels from that trade many great mercantile capitals which would otherwise go to it.
The mercantile capital of Holland is so great, that it is, as it were, continually overflowing, sometimes into the public funds of foreign countries, sometimes into loans to private traders and adventurers of foreign countries, sometimes into the most round-about foreign trades of consumption, and sometimes into the carrying trade.
It is the industry which is carried on for the benefit of the rich and the powerful, that is principally encouraged by our mercantile system.
The avidity, however, which suggested this notable piece of mercantile ingenuity, most probably disappointed itself of its object.
As the law, however, did not mean to encourage this species of trade, so contrary to the general principles of the mercantile policy of England, it imposed a duty of ten shillings the hundred weight upon such importation, and no part of this duty was to be afterwards drawn back upon its exportation.
But in the mercantile system, the interest of the consumer is almost constantly sacrificed to that of the producer; and it seems to consider production, and not consumption, as the ultimate end and object of all industry and commerce.
In the mercantile regulations which have been taken notice of in this chapter, the interest of our manufacturers has been most peculiarly attended to; and the interest, not so much of the consumers, as that of some other sets of producers, has been sacrificed to it.
The most effectual expedient, on the contrary, for raising the value of that surplus produce, for encouraging its increase, and consequently the improvement and cultivation of their own land, would be to allow the most perfect freedom to the trade of all such mercantile nations.
But these artificers and manufacturers, finding at home both the materials of their work and the fund of their subsistence, might immediately, even with much less art and skill be able to work as cheap as the little artificers and manufacturers of such mercantile states, who had both to bring from a greater distance.
The artificers and manufacturers of such mercantile states, therefore, would immediately be rivalled in the market of those landed nations, and soon after undersold and justled out of it altogether.
The cheapness of the manufactures of those landed nations, in consequence of the gradual improvements of art and skill, would, in due time, extend their sale beyond the home market, and carry them to many foreign markets, from which they would, in the same manner, gradually justle out many of the manufacturers of such mercantile nations.
With inferior art and skill in navigation, therefore, they would be able to sell that cargo as cheap in foreign markets as the merchants of such mercantile nations; and with equal art and skill they would be able to sell it cheaper.
They would soon, therefore, rival those mercantile nations in this branch of foreign trade, and, in due time, would justle them out of it altogether.
They are so far, perhaps, more inconsistent than even the mercantile system.
It augmented, however, their trading stock, it being equally liable with the other three millions two hundred thousand pounds, to the losses sustained, and debts contracted by the company in prosecution of their mercantile projects.
The court of the Mayor of Calcutta, originally instituted for the trial of mercantile causes, which arose in the city and neighbourhood, had gradually extended its jurisdiction with the extension of the empire.
The orderly, vigilant, and parsimonious administration of such aristocracies as those of Venice and Amsterdam, is extremely proper, it appears from experience, for the management of a mercantile project of this kind.
It is, perhaps, the only mercantile project which has been successfully managed by, I believe, every sort of government.
If he employed it as a mercantile or manufacturing stock, he could raise the rate of his profit only by raising the price of his goods; in which case, the final payment of the tax would fall altogether upon the consumers of those goods.
Except bills of exchange, and some other mercantile bills, all other deeds, bonds, and contracts, are subject to a stamp duty.
Two or three great bankruptcies in a mercantile town, will bring many houses to sale, which must be sold for what can be got for them.
The owners of great capitals, the great mercantile families, have generally either some direct share, or some indirect influence, in the administration of that government.
By advancing it, they do not mean to diminish, but, on the contrary, to increase their mercantile capitals; and unless they expected to sell, with some profit, their share in the subscription for a new loan, they never would subscribe.
This apology is founded altogether in the sophistry of the mercantile system; and, after the long examination which I have already bestowed upon that system, it may, perhaps, be unnecessary to say anything further about it.
'I propose,' said Mr. Micawber, 'Bills--a convenience to the mercantile world, for which, I believe, we are originally indebted to the Jews, who appear to me to have had a devilish deal too much to do with them ever since--because they are negotiable.
More Vocab Words::: vilify - slander; speak evil of; N. vilification
::: missive - letter; written statement; CF. sent
::: dictum - authoritative and weighty statement (made by a judge in court); saying; maxim; CF. obiter dictum: incidental, nonbinding remark (something said in passing)
::: lechery - gross lewdness; lustfulness; ADJ. lecherous; N. lecher: lecherous man
::: philistine - narrow-minded person, uncultured and exclusively interested in material gain; uncultured person who is indifferent to artistic and cultural values; member of an ancient people in Palestine; OP. aesthete
::: sedition - conduct or language inciting rebellion; rebellion; resistance to authority; insubordination; ADJ. seditious
::: graphic - pertaining to the art of delineating; vividly described
::: propagate - increase in number by producing young; multiply; spread; Ex. Most plants propagate by seed; Ex. newspaper propagating their ideas
::: inviolable - secure from corruption, attack, or violation(or profanation); unassailable; Ex. inviolable oath/rights; N. inviolability
::: ferment - agitation; commotion(noisy and excited activity); unrest (of a political kind); V. produce by fermentation; undergo fermentation; cause (a state of trouble)