The Saint Louis directory for the years 1854-5 :
Commercial Law.

The practicability cf adopting Corurnercial Law as an
important branch in a liberal and useful education will
be apparent to ail, and the absolute necessity of making
it a constituent part of “a business man’s education"
grows out of the nature of the relation, that eommercinl
usages and the mercantile profession sustain to the pro-
fession of law.

If R geirl. man choose to adopt the mercantile profes-
sion, Mi’oulil he not know what constitutes a bargain in
the eye of the law? with nil that relates to a contract of
sale’/ how far, in making a bargain, he may rightly
avail him If rf knowledge, which he knows the other
does not p:wscss, without informing him of it? In other
word.-, should he not know where is the dividing line
between f ir dealing and cheating?

If a merchant buy goods in a distant market, should
he not understand lib own rights, and also the duties and
responsibilities of common carriers?

If (as most prudent merchants do) he effect an insu-
rance upon bis goods—if, in the regular course of trans-
portation, or while in th: warehouse, or when on sale in
the store, those goods are subject to various perils—is it
not absolutely necessary for him to understand his own
duties, and a’so the responsibilities of the Underwriters?

If, to meet the demands for an increase of capital, oi
to supply themselves with additional counsel or assist-
ance in trade, merchants find it convenient to associate
themselv.is in partnership, should they not therefore be
well acquainted with their respective legal rights, duties
and guarantees?

Indeed, the two professions are so intimately connect-
ed, and their reciprocal duties so marked, as to puzzle the
intelligent business man to determine which is the great-
est “lioor,” or the most unfortunate victim—a lawyer,
unskilled in I he management of accounts, acting as
“Master in Chancery,” or a merchant, unfamiiiiimed
with the laws of trade, embarking in various complicat-
ed speculations or incurring high responsibilities. -Ah!"
remarks a casual observer, “would you require every
merchant to be educated for a lawyer? “I answer, (says
Jud^e Walker,) that while there “is a vast field of law
which I would advise the merchant not to meddle with,
I would have him study the general principles of mer-
cantile law, for the same reason that 1 would have a me-
chanic familiar with the tools of his trade. Indeed t’o
essential do I deem this kind of kriowledge to every mer-
chant, that, were I educating my son for that pn fission,
I would set apart at least two years of his noviciate ex-
p-eesly for this study ; nay rnort—so much do the two
professions run into each other, ejpjciaJy in commercial
cities, that if I were educating my son for the law, 1
should desire to have him spend at least the same period
in a good counting-room. I sp:ak now from my own
ional experience. After having occupied more
than the usual lime in preparing to practice law, when
I entered upon Ibe praeuee, the most serious want I en-
countered was the want of a more accurate knowlxlgt
of those customs of merchant*, which constitute an Iwpc
a part of mercantile law. But while I make this con
fession, let me say, on the other hand, ’hat a som whsi
extensive p"ofesstona tntercour.-e v,\ h the Inercanmi
clnsa. has often caused me to fe I artouished at, theii
profound ignorance of their legal righto and duties, al-
though to that very ignorance I was indebted for th
reel of my professionnl services."

It is not tin- ietign of this department to pnxluco law
yers butitsh’l be -the bigh-.-st aim to k ep mertbni
out of law. Ve!*v j.reit and insuperable oharnel shv
hitl erfo p’ewn ed ’he currying into execution of o
original ii.teniions touchi-g his inte’e ring subj ct, bi
oar arrangements are such as to enable us to give th
fullest a.-surance to the public, that in future a regain
course of lechre- will be delivered during each session
embracing the following subjects, via : Contracts in o
nernl, Cm’r.ic s of Bale, Contracts of Affrtiffhtnu>n
Contracts with Common Cftrriera, e c. etc.; Fire Insi
runce and Marine Insurance, with sreh other subject? n
have a direct bearing on Mercantile Contract*; Eai
nents in general, Foreign and Dome-ie Hi U tf i x
iange. Promissory Notes, Bonds, (’own nts, mid tsthci
>aled obligations’; Let-off and Keooupmvnt, Prineipn
nd Agent, Principal and Security, Uo’p^rations, i
“vilhsueh other Buojtets as in vy be of practical u ilitj
o Ihe busirus.- man, and ennbl tie weivhant to ui.de;-
tand his rights mid responsibilities.