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 of men from place to place. Until then, though its influence and worth cannot be overestimated, commerce had eked out a precarious and costly existence. The fortuitous played too large a part in the trade of men. The mischances by land and sea, the mistakes and delays, were adverse elements of no mean proportions. But improved locomotion meant improved carrying, and commerce received an impetus as remarkable as it was unexpected. In his fondest fancies James Watt could not have foreseen even the approximate result of his invention, the Hercules which was to spring from the puny child of his brain and hands. An illuminating spectacle, were it possible, would be afforded by summoning him from among the Shades to a place in the engine-room of an ocean greyhound. The humblest trimmer would treat him with the indulgence of a child; while an oiler, a greasy nimbus about his head and in his hand, as sceptre, a long-snouted can, would indeed appear to him a demigod and ruler of forces beyond his ken.

It has ever been the world's dictum that empire and commerce go hand in hand. In the past the one was impossible without the other. Rome