40 



MARGAKIC ACID 



MARGINAL CREDITS 



e 



modelled 



ml*. IM- 1 in, a miscellaneous collection of 

 entitled Is* Mnrgttnlei lie la 

 by Frank. 4 roU. 187.1), and 

 the famous Hrplamtr** d Subtle* 

 ed. by Lerou* -I,' l.incy. S roU 1858). 

 on the Ittramrro* of liorrarrio. but worked 

 out in n original manner. A company of ladies 

 and gentlemen returning fnun ( antvreU are 

 detains! liy liad weather, and btgOM the time by 

 trllinir rtoriea, seven! v two in number, which are 

 MMfttMi ty interludes introducing the I-T-..H-. 

 The subject* of the stories are similar t. UMM 

 of the Hrcamertm, hot the manner* delineated are 

 rooren-lin.il; and they i < Iv tin- "tn 



combination of vrvour with religion- tree- 



thinking an<l refined voluptuousness so character- 

 btfeof the time. M<-t critics U-lieve thew.uk to 

 be partly '> !- I'etiem (<j.v.). !' I'-mitrtt 

 ritt. discovered in the Uibliothen,ue Nattonala 

 in 1806, were published in ItttW. S-c Lives by 

 Durand (IMS), Mim Freer (1854), nn.l I/ttheisen 

 (Berlin, 1885); ami Saint-l.in \ '- Introduction to 

 the new tranlatifin of the Hri>t'<iiitnn> (1894). 



Mnrvarlr Arid >> " known to be a mixture 

 of palniitic ami ktearic acids. See FATS. 



Mnrcnrinr. or OLEO-MAROARINR. Bee the 



paragraph on Kutteiine in tlie article Ill'TTEH. 



Mnrtcnrlla. an island in the CarihWn Sea, 

 belonging to Venezuela. Area, 380 so,. in. l>i- 

 ~ -' by Columbus in 14!W, Margarita was lone 



for its |>ear|. fisheries, but now its chief 



sport is salted li-li. The i-land forms the great 

 part) tlM-mii.il I HUmpiilla. !.- llerniano-. \c. make 

 the rent > of the .Yn'cn Etporto section of Gamaji 

 Blanco state, of which the |~.p. in 1886 was 41,893. 

 Mnrgary. \ KUM<I\|'. traveller, 



wan horn Will May IS48, at ib-lgaum. in tin- pic-i 

 den. x of Itoinluty. the son of jin Kngli-h ollicer. 

 EducaU-d in Kngland at Brighton College and 

 College, I. ..ii. Inn. he .|-.ialilied for a 

 student inteipretcrsiiip in China, and xvvnt out in 

 1887. During the m-xt -i\ >cars he sctxe.l at 

 :, in Koriiu^a, at t'hvfoo, and at Shanghai. 

 In Aiigimt 1874 he was ordered to cm south west 

 China to Huriiiit to meet a British mi--i.ni under 

 Colonel Browne, the object of which was to o|*>n 

 the overland route between Burma and China. 

 Manrary was to act a* interpreter and guide to the 

 niMon. He mecesBfullv nccompli-hc.l the (M-tilous 

 journey, and set out Wk again with c..l..n.-l 

 Browne, but wan murdered by the Chinese at a 

 pUeeealled Manwyne on 31st i-l.ni.ux l>:.. The 

 Journal* nd Ix-tten of his jouniey. togi'ther with 

 A biographical preface, and a con. -In. ling chapter 

 by Sir Kvtberford Alcock, were puhli-h.-.l in ls,u. 

 Ylaraatr*. * seaport and municipal )Hiroiigh ol 

 England, in the |.h- ..f ThunH. Kent. 3 mil.- \\ 

 oTtbe S.irth Foreland and 74 K. bv 8. of London. 

 ha* for many viwrs hern the (MOTnWMnUl resort 

 nl r.irkney l'nJiday -maker*, who. during the season. 



the field of Waterloo. /u--n Vietori;i vi>iiHl the 

 town in 1S.V., where too for a xhort time Turner 

 the painter (one of whose earliest known sketches 

 i- a view of Marjiato church) was at school. 1'op. 

 (18(11)470(5; (1881) I8.-226; (1891) 18.4I-.I. 



MaruilllX. a village 15 miles by rnil XNW. of 

 Ibinleaiix, uear the left hunk of the Giroude, with 

 a nuinU-r of white villas, half-hidden amidst 

 trellixsl vines. The chateau (a handsome Italian 

 ilia) and iu celebrated vineyards are half a mile 

 distant. I'op. 1019. 



Nargay (Felu litjrina), a species of cat or 

 ;it, a native of the forests of Bnu.il mid 

 Juiana, smaller ami les> handsome than the ocelot, 

 \hich in general ap|>earance it much rewmbk 

 hoii^h its sjMita are smaller. It is little larger 

 than the domestic cut. It in capable of domerttoft. 

 tion. and of U'int; maile very useful in nit killinj,'. 

 capital of Ferghana (q.v.). 



br rail and by Uwner, JMH into tin- ton in their 

 thMMada. PooLianl ol many natural advantage* 

 in it- )>rarinu air, KIHN! Uthin-. an<l evellent him 

 n.l. MargsM onem lieni-l all the runtomarf 

 aUrarUon* of a watering plan*, with it- | 

 fMt loo|t). jetty (apwanU of a quarter of a mile in 

 leMth), theatre. MBHiMy-IOMH, Itatho, notogio* 

 pirden*, &f. It mntainn al~i two interatia( 

 UMirUiai MM exhibitine tram> of N.-mnn am 

 Early RnglUh work, ami the oilier with n tower o 

 I :' f. . t 



Knyal Knt balhini; Ifilirniaiy, fonm|e<l 1793 aiuT 

 enlarjpl l**2 : a town I,,' ..| nn exten 



ire def ami duml> acvlum i I-.;:, wt mi i. For 

 terly tin- |irt wa the Mvne of the emharkat ion or 

 t of many royal and other per>n. nino:i^t 

 being the wonnded brought ba>-k from 



Credit*, a term applied to hiisiness 

 oiierati'in-. in which bankers lend the credit t 

 their names, as it were, to their customers, and 

 thn-. enable them to carry out important com- 

 mercial transactions which otherwise could not be 

 10 conveniently undertaken. A merchant in I'.u^- 

 land, for btttaooa, de-ires to import tea or silk, 

 hut his name is not so well known on the Chinese 

 K\i-lianjfeH that hills drawn upon him by a mer- 

 chant in China can l>e sold there at a rea-sonulde 

 rate of exchange. The tea or silk cannot ! pur- 

 chased without the money living on the -.pot to buy 

 it with, and "ere the merchant to send out specie 

 for that purpose he would involve himself in heavy 

 charges for freight and insurance, and lose thu 

 interest of his m. mey while on the voyage. More- 

 ox. -r. liefore the remittance (silver prohablv ) could 

 arrive, the market prices of tea and silk might 

 have so altered that a purchase might not lie dcir 

 able, and the money would thus be placed where it 

 was not wanted. 'Hut, while drafts hy the mer- 

 chant in China on the merchant in England would 

 not sell, or only at a heavy sacrifice, the drafts hy 

 the merchant in China on a banker in England 

 will sell at the l*st price. The merchant in this 

 country therefore deposits with his banker cash or 

 securities eiiual to the amount to which he desires 

 to use the Wnker's name, and receives from him 

 MnniiHiii Cratitf for the amount. These arc bill- 

 forms drawn HINDI the hanker, but neither dat.'.l 

 nor signed, with a margin containing the hanker'n 

 obligation to accept the hills when presented. The 

 bills are dated, drawn, ami endorsed by the mer- 

 chant abroad liefore living sold, so that the ol.: 

 tion runs from the date on which the money was 

 actually paid ; and the tea or silk is most likely in 

 the merchant's warehouse licfore the hill is payable. 

 For the transaction, the hanker charges the mer- 

 chant a commission to remnneiatc himself for the 

 ri-k involved. In recent years the use of marginal 

 hills has largely fallen off in consequence of the 

 development of electrical communication. MCI- 

 chants now prefer to arrange with their hankers 

 for a ' telegraphic transfer,' by which an immediate 

 cash payment is effected through a foreign bank. 



Many transactions lietwecn merchants abroad 

 and in England can only be carried through by 

 the acceptances of a Ixuidon banker living tendered 

 in paxmciit, but the tiansaetions are intrinsically 

 the same ax when Marginal Credits are used. 

 Bankeis j n ii,, country obtain the. acceptance of a 

 London hanker for bills to !K> drawn against goods 

 their customers are importing. Bankers usnally 

 in London also accept bills to a great amount for 

 the exchange oiierations of foreign luvnks. A 

 banker in, say ( an ton, buys from his customers 

 bills drawn ii|>on merchants in England for 

 a given amount, and sends them to his corny 



