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.
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.
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."