The trading post is an old and influential institution. Established in the midst of an undeveloped society by a more advanced people, it is a center not only of new economic influences, but also of all the transforming forces that accompany the intercourse of a higher with a lower civilization. The Phoenicians developed the institution into a great historic agency. Closely associated with piracy at first, their commerce gradually freed itself from this and spread throughout the Mediterranean lands. A passage in the Odyssey (Book XV.) enables us to trace the genesis of the Phoenician trading post: "Thither came the Phoenicians, mariners renowned, greedy merchant-men with.
