In the ordinary course of a commercial education, in New England, boys are transferred from school to the merchant's desk at the age of fourteen or fifteen. When I had reached my fourteenth year it was my good fortune to be received into the counting-house of Elias Hasket Derby, Esq., of Salem; a merchant, who may justly be termed the father of the American commerce to India; one whose enterprise and commercial sagacity were unequalled in his day, and, perhaps, have not been surpassed by any of his successors. To him our country is indebted for opening the valuable trade to Calcutta; before whose fortress his was the first vessel to display the American flag; and, following up the business, he had reaped golden harvests before other merchants came in for a share of them.