5. Goods brought into the country by importers, are frequently sold, in succession, to several merchants of different grades, before they come to the hands of the consumers. Cloths or stuffs of different kinds, for instance, may be first sold by the bale to one merchant, who, in turn, may dispose of them by the package to another, and this last may retail them in small quantities to a greater number of customers.
6. Dealers in a small way, in cities and large towns, are frequently denominated shop-keepers; but those who do an extensive retail business, are usually called merchants or grocers, according as they deal in dry goods or groceries. In cities, the extensive demand for goods enables retailers to confine their attention to particular classes of articles; such as groceries, hardware, crockery, a few kinds of dry goods, or some articles of domestic manufacture; but in other places, where trade is more limited, the merchant is obliged to keep a more general assortment.
7. The general retail merchant is compelled to transact business with a great number of wholesale dealers, to whom he pays cash in hand, or agrees to pay it at some future period, say, in four, six, nine, or twelve months. The people in his vicinity, in turn, purchase his goods on similar conditions, with this difference, that they often substitute for cash agricultural and other productions, which the merchant, at length, turns into ready money.
8. Barter, or the exchange of commodities, prevails to a great extent, in country places, in almost every part of the United States. In such exchanges, the currency of the country is made the standard of reference: for example; a merchant receiving from a customer twenty bushels of wheat, estimated at one dollar per bushel, gives in return twenty dollars' worth of goods, at his marked prices; or, in other words, he gives credit for the wheat, and charges the goods. On the same principle, merchants of the first class often exchange the productions of their own country for those of another.
9. Merchants, or store-keepers, as they are indifferently called in some places, whose location is distant from the seaboard, visit the city in which they deal once or twice a year, for the purpose of laying in their stock of goods; but, in order to keep up their assortment, they sometimes order small lots in the interim. Retailers more conveniently situated, purchase a smaller amount of goods at a time, and replenish their stores more frequently.