"This is being more eager as a trader, than prudent as one who should know the value of credit;" he said, making, at the same time, a lofty gesture to betoken indulgence for so venial an error. "We must overlook the mistake, Captain Ludlow; since, as the young man truly observes in his defence, gain acquired in honest traffic is a commendable and wholesome pursuit. One who appears as if he might not be ignorant of the laws, should know that our virtuous Queen and her wise counsellors have decided that Mother England can produce most that a colonist can consume! Ay! and that she can consume, too, most that the colonist can produce!"

"I pretend not to this ignorance, Sir; but, in pursuing my humble barter, I merely follow a principle of nature, by endeavoring to provide for my own interests. We of the contraband do but play at hazard with the authorities. When we pa.s.s the gauntlet unharmed, we gain; and when we lose, the servants of the crown find their profit. The stakes are equal, and the game should not be stigmatized as unfair. Would the rulers of the world once remove the unnecessary shackles they impose on commerce, our calling would disappear, and the name of free-trader would then belong to the richest and most esteemed houses."

The Alderman drew a long, low whistle. Motioning to his companions to be seated, he placed his own compact person in a chair, crossed his legs with an air of self-complacency, and resumed the discourse.

"These are very pretty sentiments, Master--a--a--a--, you bear a worthy name, no doubt, my ingenious commentator on commerce?"

"They call me Seadrift, when they spare a harsher term;" returned the other, meekly declining to be seated.

"These are pretty sentiments, Master Seadrift, and they much become a gentleman who lives by practical comments on the revenue-laws. This is a wise world, Captain Cornelius Ludlow, and in it there are many men whose heads are tilled, like bales of goods, with a general a.s.sortment of ideas.--Hornbooks and primers! Here have Van b.u.mmel, Schoenbroeck, and Van der Donck, just sent me a very neatly-folded pamphlet, written in good Leyden Dutch, to prove that trade is an exchange of what the author calls equivalents, and that nations have nothing to do but to throw open their ports, in order to make a millennium among the merchants!"

"There are many ingenious men who entertain the same opinions;" observed Ludlow, steady in his resolution to be merely a quiet observer of all that pa.s.sed.

"What cannot a cunning head devise, to spoil paper with! Trade is a racer, gentlemen, and merchants the jockeys who ride. He who carries most weight may lose; but then nature does not give all men the same dimensions, and judges are as necessary to the struggles of the mart as to those of the course. Go, mount your gelding, if you are lucky enough to have one that has not been melted into a weasel by the heartless blacks, and ride out to Harlaem Flats, on a fine October day, and witness the manner in which the trial of speed is made. The rogues of riders cut in here, and over there; now the whip and now the spur; and though they start fair, which is more than can always be said of trade, some one is sure to win. When it is neck and neck, then the neat is to be gone over, until the best bottom gains the prize."

"Why is it then that men of deep reflection so often think that commerce flourishes most when least enc.u.mbered?"

"Why is one man born to make laws, and another to break them?--Does not the horse run faster with his four legs free, than when in hopples? But in trade, Master Seadrift, and Captain Cornelius Ludlow, each of us is his own jockey; and putting the aid of custom-house laws out of the question, just as nature has happened to make him. Fat or lean, big bones or fine bones, he must get to the goal as well as he can. Therefore your heavy weights call out for sandbags and belts, to make all even. That the steed may be crushed with his load, is no proof that his chance of winning will not be better by bringing all the riders to the same level."

"But to quit these similies," continued Ludlow, "if trade be but an exchange of equivalents----"

"Beggary and stoppages!" interrupted the Alder man, who was far more dogmatical than courteous in argument. "This is the language of men who have read all sorts of books, but legers. Here have advices from Tongue and Twaddle, of London, which state the nett proceeds of a little adventure, shipped by the brig Moose, that reached the river on the 16th of April, ultimo. The history of the whole transaction can be put in a child's m.u.f.f--you are a discreet youth, Captain Cornelius; and as to you, Master Seadrift, the affair is altogether out of your line--therefore, as I was observing, here are the items, made out only a fortnight since, in the shape of a memorandum;" while speaking, the Alderman had placed his spectacles and drawn his tablets from a pocket. Adjusting himself to the light, he continued: "Paid bill of Sand, Furnace, and Gla.s.s, for beads, L.

3. 2. 6.--Package and box, 1. 10--Shipping charges, and freight, 11.

4.--Insurance, averaged at, 1. 5.--Freight, charges, and commission of agent among Mohawks, L. 10.--Do. do. do. of shipment and sale of furs, in England, L. 7. 2 Total of costs and charges, L. 20. 18. 8, all in sterling money. Note, sale of furs, to Frost and Rich, nett avails, L.

196. 11. 3.--Balance, as per contra, L. 175. 12. 5.--a very satisfactory equivalent this, Master Cornelius, to appear on the books of Tongue and Twaddle, where I stand charged with the original investment of L. 20. 19.

8! How much the Empress of Germany may pay the firm of Frost and Rich for the articles, does not appear."

"Nor does it appear that more was got for your beads, in the Mohawk country, than they were valued at there, or was paid for the skins than they were worth where they were produced."

"Whe--w--w--w!" whistled the merchant, as he returned the tablets to his pocket.

"One would think that thou hadst been studying the Leyden pamphleteer, son of my old friend! If the savage thinks so little of his skins, and so much of my beads, I shall never take, the pains to set him right; else, always by permission of the Board of Trade, we shall see him, one day, turning his bark canoe into a good ship, and going in quest of his own ornaments.

Enterprise and voyages! Who knows but that the rogue would see fit to stop at London, even; in which case the Mother Country might lose the profit of the sale at Vienna, and the Mohawk set up his carriage, on the difference in the value of markets! Thus, you see, in order to run a fair race, the horses must start even, carry equal weights, and, after all, one commonly wins. Your metaphysics are no better than so much philosophical gold leaf, which a cunning reasoner beats out into a sheet as large as the broadest American lake, to make dunces believe the earth can be trans.m.u.ted into the precious material; while a plain practical man puts the value of the metal into his pocket, in good current coin."

"And yet I hear you complain that Parliament has legislated more than is good for trade, and speak in a manner of the proceedings at home, that, you will excuse me for saying, would better become a Hollander than a subject of the crown."

"Have I not told you, that the horse will run faster without a rider, than with a pack-saddle on his back? Give your own jockey as little, and your adversary's as much weight as you can, if you wish to win. I complain of the borough-men, because they make laws for us, and not for themselves. As I often tell my worthy friend, Alderman Gulp, eating is good for life, but a surfeit makes a will necessary."

"From all which I infer, that the opinions of your Leyden correspondent are not those of Mr. Van Beverout."

The Alderman laid a finger on his nose, and looked at his companions, for a moment, without answering.

"Those Leydeners are a sagacious breed! If the United Provinces had but ground to stand on, they would, like the philosopher who boasted of his lever, move the world! The sly rogues think that the Amsterdammers have naturally an easy seat, and they wish to persuade all others to ride bare-back. I shall send the pamphlet up into the Indian country, and pay some scholar to have it translated into the Mohawk tongue, in order that the famous chief Schendoh, when the missionaries shall have taught him to read, may entertain right views of equivalents! I am not certain that I may not make the worthy divines a present, to help the good fruits to ripen."

The Alderman leered round upon his auditors, and, folding his hands meekly on his breast, he appeared to leave his eloquence to work its own effects.

"These opinions favor but little the occupation of the--the gentleman--who now honors us with his company," said Ludlow, regarding the gay-looking smuggler with an eye that showed how much he was embarra.s.sed to find a suitable appellation for one whose appearance was so much at variance with his pursuits. "If restrictions are necessary to commerce, the lawless trader is surely left without an excuse for his calling."

"I as much admire your discretion in practice, as the justice of your sentiments in theory, Captain Ludlow;" returned the Alderman. "In a rencontre on the high seas, it would be your duty to render captive the brigantine of this person; but, in what may be called the privacy of domestic retirement, you are content to ease your mind in moralities! I feel it my duty, too, to speak on this point, and shall take so favorable an occasion, when all is pacific, to disburthen myself of some sentiments that suggest themselves, very naturally, under the circ.u.mstances." Myndert then turned himself towards the dealer in contraband, and continued, much in the manner of a city magistrate, reading a lesson of propriety to some disturber of the peace of society. "You appear here, Master Seadrift," he said, "under what, to borrow a figure from your profession, may be called false colors. You bear the countenance of one who might be a useful subject, and yet are you suspected of being addicted to certain practices which--I will not say they are dishonest, or even discreditable--for on that head the opinions of men are much divided, but which certainly have no tendency to a.s.sist Her Majesty, in bringing her wars to a glorious issue, by securing to her European dominions that monopoly of trade, by which it is her greatest desire to ease us of the colonies of looking any further after our particular interests, than beyond the doors of her own custom-houses. This is an indiscretion, to give the act its gentlest appellation; and I regret to add, it is accompanied by certain circ.u.mstances which rather heighten than lessen the delinquency." The Alderman paused a moment, to observe the effect of his admonition, and to judge, by the eye of the free-trader, how much farther he might push his artifice; but perceiving, to his own surprise, that the other bent his face to the floor, and stood like one rebuked, he took courage to proceed.

"You have introduced into this portion of my dwelling, which is exclusively inhabited by my niece, who is neither of a s.e.x nor of years to be legally arraigned for any oversight of this nature, sundries of which it is the pleasure of the Queen's advisers that her subjects in the colonies should not know the use, since, in the nature of fabrications, they cannot be submitted to the supervising care of the ingenious artisans of the mother island. Woman, Master Seadrift, is a creature liable to the influence of temptation, and in few things is she weaker than in her efforts to resist the allurements of articles which may aid in adorning her person. My niece, the daughter of Etienne Barberie, may also have an hereditary weakness on this head, since the females of France study these inventions more than those of some other countries. It is not my intention, however, to manifest any unreasonable severity; since, if old Etienne has communicated any hereditary feebleness on the subject of fancy, he has also left his daughter the means of paying for it. Hand in your account, therefore, and the debt shall be discharged, if debt has been incurred. And this brings me to the last and the gravest of your offences.

"Capital is no doubt the foundation on which a merchant builds his edifice of character," continued Myndert, after taking another jealous survey of the countenance of him he addressed; "but credit is the ornament of its front. This is a corner-stone; that the pilasters and carvings, by which the building is rendered pleasant; sometimes, when age has undermined the bas.e.m.e.nt, it is the columns on which the superstructure rests, or even the roof by which the occupant is sheltered. It renders the rich man safe, the dealer of moderate means active and respectable, and it causes even the poor man to hold up his head in hope: though I admit that buyer and seller need both be wary, when it stands unsupported by any substantial base.

This being the value of credit, Master Seadrift, none should a.s.sail it without sufficient cause, for its quality is of a nature too tender for rude treatment. I learned, when a youth, in my travels in Holland, through which country, by means of the Trekschuyts, I pa.s.sed with sufficient deliberation to profit by what was seen, the importance of avoiding, on all occasions, bringing credit into disrepute. As one event that occurred offers an apposite parallel to what I have now to advance, I shall make a tender of the facts in the way of ill.u.s.tration. The circ.u.mstances show the awful uncertainty of things in this transitory life, Captain Ludlow, and forewarn the most vigorous and youthful, that the strong of arm may be cut down, in his pride, like the tender plant of the fields! The banking-house of Van Gelt and Van Stopper, in Amsterdam, had dealt largely in securities issued by the Emperor for the support of his wars. It happened, at the time, that Fortune had favored the Ottoman, who was then pressing the city of Belgrade, with some prospects of success. Well, Sirs, a headstrong and ill-advised laundress had taken possession of an elevated terrace in the centre of the town, in order to dry her clothes. This woman was in the act of commencing the distribution of her linens and muslins, with the break of day, when the Mussulmans awoke the garrison by a rude a.s.sault. Some, who had been posted in a position that permitted of retreat, having seen certain bundles of crimson, and green, and yellow, on an elevated parapet, mistook them for the heads of so many Turks; and they spread the report, far and near, that a countless band of the Infidels, led on by a vast number of sherriffes in green turbans, had gained the heart of the place, before they were induced to retire. The rumor soon took the shape of a circ.u.mstantial detail, and, having reached Amsterdam, it caused the funds of the Imperialists to look down. There was much question, on the Exchange, concerning the probable loss of Van Gelt and Van Stopper in consequence. Just as speculation was at its greatest height on this head, the monkey of a Savoyard escaped from its string, and concealed himself in a nut-shop, a few doors distant from the banking-house of the firm, where a crowd of Jew boys collected to witness its antics. Men of reflection, seeing what they mistook for a demonstration on the part of the children of the Israelites, began to feel uneasiness for their own property. Drafts multiplied; and the worthy bankers, in order to prove their solidity, disdained to shut their doors at the usual hour. Money was paid throughout the night; and before noon, on the following day, Van Gelt had cut his throat, in a summer-house that stood on the banks of the Utrecht ca.n.a.l; and Van Stopper was seen smoking a pipe, among strong boxes that were entirely empty. At two o'clock, the post brought the intelligence that the Mussulmans were repulsed, and that the laundress was hanged; though I never knew exactly for what crime, as she certainly was not a debtor of the unhappy firm. These are some of the warning events of life, gentlemen; and as I feel sure of addressing those who are capable of making the application, I shall now conclude by advising all who hear me to great discretion of speech on every matter connected with commercial character."

When Myndert ceased speaking, he threw another glance around him, in order to note the effect his words had produced, and more particularly to ascertain whether he had not drawn a draft on the forbearance of the free-trader, which might still meet with a protest. He was at a loss to account for the marked and unusual deference with which he was treated, by one who, while he was never coa.r.s.e, seldom exhibited much complaisance for the opinions of a man he was in the habit of meeting so familiarly, on matters of pecuniary interest. During the whole of the foregoing harangue, the young mariner of the brigantine had maintained the same att.i.tude of modest attention; and when his eyes were permitted to rise, it was only to steal uneasy looks at the face of Alida. La belle Barberie had also listened to her uncle's eloquence, with a more thoughtful air than common.

She met the occasional glances of the dealer in contraband, with answering sympathy; and, in short, the most indifferent observer of their deportment might have seen that circ.u.mstances had created between them a confidence and intelligence which, if it were not absolutely of the most tender, was unequivocally of the most intimate, character. Ail this Ludlow plainly saw, though the burgher had been too much engrossed with the ideas he had so complacently dealt out, to note the fact.

"Now that my mind is so well stored with maxims on commerce, which I shall esteem as so many commentaries on the instructions of my Lords of the Admiralty," observed the Captain, after a brief interval of silence, "it may be permitted to turn our attention to things less metaphysical.

The present occasion is favorable to inquire after the fate of the shipmate we lost in the last cruise; and it ought not to be neglected."

"You speak truth, Mr. Cornelius--The Patroon of Kinderhook is not a man to fall into the sea, like an anker of forbidden liquor, and no questions asked. Leave this matter to my discretion, Sir; and trust me, the tenants of the third best estate in the colony shall not long be without tidings of their landlord. If you will accompany Master Seadrift into the other part of the villa for a reasonable time, I shall possess myself of all the facts that are at all pertinent to the right understanding of the case."

The commander of the royal cruiser, and the young mariner of the brigantine, appeared to think that a compliance with this invitation would bring about a singular a.s.sociation. The hesitation of the latter, however, was far the most visible, since Ludlow had coolly determined to maintain his neutral character, until a proper moment to act, as a faithful servitor of his royal mistress, should arrive. He knew, or firmly believed, that the Water-Witch again lay in the Cove, concealed by the shadows of the surrounding wood; and as he had once before suffered by the superior address of the smugglers, he was now resolved to act with so much caution, as to enable him to return to his ship in time to proceed against her with decision, and, as he hoped, with effect. In addition to this motive for artifice, there was that in the manner and language of the contraband dealer to place him altogether above the ordinary men of his pursuit, and indeed to create in his favor a certain degree of interest, which the officer of the crown was compelled to admit. He therefore bowed with sufficient courtesy, and professed his readiness to follow the suggestions of the Alderman.

"We have met on neutral ground, Master Seadrift," said Ludlow to his gay companion, as they quitted the saloon of la Cour des Fees; "and though bent on different objects, we may discourse amicably of the past. The 'Skimmer of the Seas' has a reputation in his way, that almost raises him to the level of a seaman distinguished in a better service. I will ever testify to his skill and coolness as a mariner, however much I may lament that those fine qualities have received so unhappy a direction."

"This is speaking with a becoming reservation for the rights of the crown, and with meet respect for die Barons of the Exchequer!" retorted Seadrift, whose former, and we may say natural, spirit seemed to return, as he left the presence of the burgher. "We follow the pursuit, Captain Ludlow, in which accident has cast our fortunes. You serve a Queen you never saw, and a nation who will use you in her need and despise you in her prosperity; and I serve myself. Let reason decide between us."

"I admire this frankness, Sir, and have hopes of a better understanding between us, now that you have done with the mystifications of your sea-green woman. The farce has been well enacted; though, with the exception of Oloff Van Staats and those enlightened spirits you lead about the ocean, it has not made many converts to necromancy."

The free-trader permitted his handsome mouth to relax in a smile.

"We have our mistress, too," he said; "but she exacts no tribute. All that is gained goes to enrich her subjects, while all that she knows is cheerfully imparted for their use. If we are obedient, it is because we have experienced her justice and wisdom I hope Queen Anne deals as kindly by those who risk life and limb in her cause?"

"Is it part of the policy of her you follow, to reveal the fate of the Patroon; for though rivals in one dear object--or rather I should say, once rivals in that object--I cannot see a guest quit my ship with so little ceremony, without an interest in his welfare."

"You make a just distinction," returned Seadrift, smiling still more meaningly--"Once rivals is indeed the better expression. Mr. Van Staats is a brave man, however ignorant he may be of the seaman's art. One who has showed so much spirit will be certain of protection from personal injury, in the care of the 'Skimmer of the Seas.'"

"I do not const.i.tute myself the keeper of Mr. Van Staats; still, as the commander of the ship whence he has been--what shall I term the manner of his abduction?--for I would not willingly use, at this moment, a term that may prove disagreeable--"

"Speak freely, Sir, and fear not to offend. We of the brigantine are accustomed to divers epithets that might startle less practised ears. We are not to learn, at this late hour, that, in order to become respectable, roguery must have the sanction of government. You were pleased, Captain Ludlow, to name the mystifications of the Water-Witch; but you seem indifferent to those that are hourly practised near you in the world, and which, without the pleasantry of this of ours, have not half its innocence."

"There is little novelty in the expedient of seeking to justify the delinquency of individuals, by the failings of society."

"I confess it is rather just than original. Triteness and Truth appear to be sisters! And yet do we find ourselves driven to this apology, since the refinement of us of the brigantine has not yet attained to the point of understanding all the excellence of novelty in morals."

"I believe there is a mandate of sufficient antiquity, which bids us to render unto Caesar the things which are Caesar's."

"A mandate which our modern Caesars have most liberally construed! I am a poor casuist, Sir; nor do I think the loyal commander of the Coquette would wish to uphold all that sophistry can invent on such a subject. If we begin with potentates, for instance, we shall find the Most Christian King bent on appropriating as many of his neighbors' goods to his own use, as ambition, under the name of glory, can covet; the Most Catholic, covering with the mantle of his Catholicity, a greater mult.i.tude of enormities on this very continent, than even charity itself could conceal; and our own gracious Sovereign, whose virtues and whose mildness are celebrated in verse and prose, causing rivers of blood to run, in order that the little island over which she rules may swell out, like the frog in the fable, to dimensions that nature has denied, and which will one day inflict the unfortunate death that befell the ambitious inhabitant of the pool. The gallows awaits the pickpocket; but your robber under a pennant is dubbed a knight! The man who ama.s.ses wealth by gainful industry is ashamed of his origin; while he who has stolen from churches, laid villages under contribution, and cut throats by thousands, to divide the spoils of a galleon or a military chest, has gained gold on the highway of glory! Europe has reached an exceeding pa.s.s of civilization, it may not be denied; but before society inflicts so severe censure on the acts of individuals, notwithstanding the triteness of the opinion, I must say it is bound to look more closely to the example it sets, in its collective character."

"These are points on which our difference of opinion is likely to be lasting;" said Ludlow, a.s.suming the severe air of one who had the world on his side "We will defer the discussion to a moment of greater leisure, Sir. Am I to learn more of Mr. Van Staats, or is the question of his fate to become the subject of a serious official inquiry?"

"The Patroon of Kinderhook is a bold boarder!" returned the free-trader, laughing. "He has carried the residence of the lady of the brigantine by a coup-de-main; and he reposes on his laurels! We of the contraband are merrier in our privacy than is thought, and those who join our mess seldom wish to quit it."

"There may be occasion to look further into its mysteries--until when, I wish you adieu."

"Hold!" gaily cried the other, observing that Ludlow was about to quit the room--"Let the time of our uncertainty be short, I pray thee. Our mistress is like the insect, which takes the color of the leaf on which it dwells.

You have seen her in her sea-green robe, which she never fails to wear when roving over the soundings of your American coast: but in the deep waters, her mantle vies with the blue of the ocean's depths. Symptoms of a change, which always denote an intended excursion far beyond the influence of the land, have been seen!"