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We succeeded in purchasing several mules which cost us between ten and twenty dollars worth of goods apiece. In Comanche trade the main trouble consists in fixing the price of the first animal. This being settled by the chiefs, it often happens that mule after mule is led up and the price received without further cavil. Each owner usually wants a general assortment; therefore the price must consist of several items, as a blanket, a looking-glass, an awl, a flint, a little tobacco, vermillion, beads, etc. ...The Santa Fe caravans have generally avoided every manner of trade with the wild Indians, for fear of being treacherously dealt with during the familiar intercourse which necessarily ensues. This I am convinced is an erroneous impression; for I have always found, that [natives] are much less hostile to those with whom they trade, than to any other people. They are emphatically fond of traffic, and, being anxious to encourage the whites to come among them, instead of committing depredations upon those with whom they trade, they are generally ready to defend them against every enemy.
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p.131

 

Josiah Gregg

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As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not promoted infant industries, it would not have become a major trading nation. It would still be exporting raw materials (e.g., tungsten ore, fish, seaweed) or low-technology, low-price products (e.g., textiles, garments, wigs made with human hair) that used to be its main export items in the 1960s.

 

Ha-Joon Chang

 

Lieut. Bowman now desired us to broach the subject of peace and amity betwixt the Comanches and our people, and to invite them to visit the 'Capitan Grande' at Washington, and enter into a perpetual treaty to that effect; but they would not then converse on the subject. In fact, the interpreter inquired, "Are we not at war? — how can we go to see the Capitan Grande?" We knew they held themselves at war with Mexico and Texas, and probably had mistaken us for Texans, which had no doubt caused the interpreter to speak so emphatically of their immense numbers. Upon this we explained to them that the United States was a distinct government and at peace with the Comanches. As an earnest of our friendly disposition, we then produced some scarlet cloth, with a small quantity of vermilion, tobacco, beads, etc., which being distributed among them, they very soon settled down into a state of placidness and contentment. Indeed, it will be found, that, with wild Indians, presents are always the corner-stone of friendship. "We are rejoiced," at last said the elder chief with a ceremonious air, "our hearts are glad that you have arrived among us: it makes our eyes laugh to see Americans walk in our land. We will notify our old and young men — our boys and our maidens — our women and children,— that they may come to trade with you. We hope you will speak well of us to your people, that more of them may hunt the way to our country, for we like to trade with the white man." This was delivered in Comanche, but translated into Spanish by the interpreter, who, although a full Indian, had lived several years among the Mexicans and spoke that language tolerably well. Our 'big talk' lasted several hours, after which the Indians retired to sleep. The next morning, after renewing their protestations of friendship, they took their departure, the principal chief saying, "Tell the Capitan Grande that when he pleases to call us we are all ready to go to see him."

 

Josiah Gregg

 

The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.

 

Ha-Joon Chang

 

A constant and often profitable business in the 'silver trade' is carried on at these mines. As the miners rarely fail being in need of ready money, they are generally obliged to sell their bullion for coin, and that often at a great sacrifice, so as to procure available means to prosecute their mining operations. To profit by this trade, as is already mentioned, was a principal object of my present visit. Having concluded my business transactions, and partially gratified my curiosity, I returned to Chihuahua, where I arrived, November 24, 1835, without being molested either by robbers or Indians, though the route is sometimes infested by both...

 

Josiah Gregg

 

The Conservative Party is the parent of trade unionism, just as it is the author of the Factory Acts. At every stage in the history of the nineteenth century it is to Toryism that trade unionism has looked for help and support against the oppressions of the Manchester School of liberalism, which cared nothing for the interests of the state, and regarded men as brute beasts whose labour could be bought and sold at the cheapest price, irrespective of all other considerations.

 

F. E. Smith