Dictionary of Phrase and Fable—F

Fair Trade

Smuggling.

“Neither Dirk Hatteraick nor any of his sailors, all well known men in the fair trade, were again seen upon that coast.” —Sir Walter Scott: Guy Mannering, chap. x.

Latterly the phrase has been introduced into politics to signify reciprocity of protection or free-trade. That is, free-trade to those nations that grant free-trade to us, and vice versa.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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