قراءة كتاب Life in Morocco and Glimpses Beyond

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‏اللغة: English
Life in Morocco and Glimpses Beyond

Life in Morocco and Glimpses Beyond

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دار النشر: Project Gutenberg
الصفحة رقم: 10

quantities at once, are a dream of the past. The ostrich feathers and elephants' tusks no longer find their way out by that port, and little gold now passes in or out. Merchant princes will never be seen here again; commercial travellers from Germany are found in the interior, and quality, as well as price, has been reduced to its lowest ebb.

A crowd of petty trading agents has arisen with no capital to speak of, yet claiming and abusing credit, of which a most ruinous system prevails, and that in a land in which the collection of debts is proverbially difficult, and oftentimes impossible. The native Jews, who were interpreters and brokers years ago, have now learned the business and entered the lists. These new competitors content themselves with infinitesimal profits, or none at all in cases where the desideratum is cash to lend out at so many hundreds per cent. per annum. Indeed, it is no uncommon practice for goods bought on long credit to be sold below cost price for this purpose. Against such methods who can compete?

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