This traffic is in the hands of a great number of middlemen,-in the W.
When the agents of the spinners, that is, the buying brokers, by becoming principals in some transactions, had acquired interests diametrically opposed to those of their customers, the consequent feeling of distrust among spinners gave birth to the Cotton Buying Company, which, constituted originally of twenty to thrity limited cotton-spinning companies, represents to-day nearly 6,000,000 spindles distributed among nearly one hundred firms. Its object was to squeeze out some middlemen and economize for its members on brokerage.
They are occupied by a small tribe of about 80 Eskimo, who have from early times plied the trade of middlemen between Asia and America.
Pursuing the same wise policy he established a trading post at Oswego in 1722 and fortified it in 1727, and thereby placed the Iroquois in the desirable position of middlemen in a profitable fur trade with the " Far Indians."
He hoped for assistance from the friendly Nabataeans; but, as they owed everything to their position as middlemen for the South-Arabian trade, which a direct communication between Rome and the Sabaeans would have ruined, their viceroy Syllaeus, who did not dare openly to refuse help, sought to frustrate the emperor's scheme by craft.
As middlemen they already possessed a large interest in the spice trade, for the Portuguese, having no direct access to the principal European markets, had made a practice of sending cargo to the Netherlands for distribution by way of the Scheldt and Rhine.
By these means a large and rapidly increasing revenue is being secured to government; while the condition of the peasantry and people is being greatly ameliorated, an adequate but not excessive income is being secured to the native rulers; and the class of middlemen who lived by extortion and absorbed a great part of the wealth of the country is being abolished.
Illorin middlemen transacted all business between the traders from the north, who were not allowed to pass to the south, and those from the south.
He abolished the system by which public lands were leased to middlemen, reduced the land tax on small holdings, and granted new facilities for obtaining credit to the peasants.
The Malus Intercursus on the other hand gave England some privileges which she had not before enjoyedexemption from local tolls in Antwerp and Holland, and a licence for English merchants to sell cloth retail as well as wholesalea concession which hit the Netherland small traders and middlemen very hard.