OF THE TRAVELLING OF THE - Page 2

nations. They order a seventh part of all these goods to be freely given to the poor of the countries to which they send them, and sell the rest at moderate rates; and by this exchange they not only bring back those few things that they need at home (for, indeed, they scarce need anything but iron), but likewise a great deal of gold and silver; and by their driving this trade so long, it is not to be imagined how vast a treasure they have got among them, so that now they do not much care whether they sell off their merchandise for money in hand or upon trust. A great part of their treasure is now in bonds; but in all their contracts no private man stands bound, but the writing runs in the name of the town; and the towns that owe them money raise it from those private hands that owe it to them, lay it up in their public chamber, or enjoy the profit of it till the Utopians call for it; and they choose rather to let the greatest part of it lie in their hands, who make advantage by it, than to call for it themselves; but if they see that any of their other neighbours stand more in need of it, then they call it in and lend it to them. Whenever they are engaged in war, which is the only occasion in which their treasure can be usefully employed, they make use of it themselves; in great extremities or sudden accidents they employ it in hiring foreign troops, whom they more willingly expose to danger than their own people; they give them great pay, knowing well that this will work even on their enemies; that it will engage them either to betray their own side, or, at least, to desert it; and that it is the best means of raising mutual jealousies among them. For this end they have an incredible treasure; but they do not keep it as a treasure, but in such a manner as I am almost afraid to tell, lest you think it so extravagant as to be hardly credible. This I have the more reason to apprehend because, if I had not seen it myself, I could not have been easily persuaded to have believed it upon any man's report.

"It is certain that all things appear incredible to us in proportion as they differ from known customs; but one who can judge aright will not wonder to find that, since their constitution differs so much from ours, their value of gold and silver should be measured by a very different standard; for since they have no use for money among themselves, but keep it as a provision against events which seldom happen, and between which there are generally long intervening intervals, they value it no farther than it deserves--that is, in proportion to its use. So that it is plain they must prefer iron either to gold or silver, for men can no more live without iron than without fire or water; but Nature has marked out no use for the other metals so essential as not easily to be dispensed with. The folly of men has enhanced the value of gold and silver because of their scarcity; whereas, on the contrary, it is their opinion that Nature, as an