The amount of ivory brought down from the White Nile is a mere bagatelle
as an export, the annual value being about 40,000 pounds.
The people for the most part engaged in the nefarious traffic of the
White Nile are Syrians, Copts, Turks, Circassians, and some few
EUROPEANS. So closely connected with the difficulties of my expedition
is that accursed slave trade, that the so-called ivory trade of the
White Nile requires an explanation.
Throughout the Soudan money is exceedingly scarce and the rate of
interest exorbitant, varying, according to the securities, from
thirty-six to eighty percent; this fact proves general poverty and
dishonesty, and acts as a preventive to all improvement. So high and
fatal a rate deters all honest enterprise, and the country must lie in
ruin under such a system. The wild speculator borrows upon such terms,
to rise suddenly like a rocket, or to fall like its exhausted stick.
Thus, honest enterprise being impossible, dishonesty takes the lead, and
a successful expedition to the White Nile is supposed to overcome all
charges. There are two classes of White Nile traders, the one possessing
capital, the other being penniless adventurers; the same system of
operations is pursued by both, but that of the former will be evident
from the description of the latter.
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