No doubt whatever exists as to the strict and literal sense which should be assigned to the term in commercial matters. It refers exclusively to traf… - Auguste, Baron Lambermont

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No doubt whatever exists as to the strict and literal sense which should be assigned to the term in commercial matters. It refers exclusively to traffic, to the unlimited power of every one to sell and to buy, to import and to export products and manufactured articles. No privileged situation can be created under this head, the way remains open without any restrictions to free competition in the domain of commerce, but the obligations of local Governments do not go beyond that point.