E3 - Port Town and Sweet Temptation

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(Please feel free to edit the speaker names if incomplete or inaccurate. Names are handled on a best-effort basis depending on the info on the source file. Dialogue is left as is.)
[00:04] Holo
    What a grand town!
[00:06] Lawrence
    That's Pazzio.
[00:08] Holo
    Does a king reside here?
[00:11] Lawrence
    It's a town of nobles and merchants.
    There's no king here.
[00:17] Holo
    I cannot believe there is a town
    with so many people and no king...
[00:21] Lawrence
    Don't you need to hide your face?
[00:24] Holo
    Face?
[00:25] Lawrence
    People from Pasloe might travel through here.
[00:29] Lawrence
    I was wondering if they would recognize you.
[00:31] Holo
    Oh, is that all.
[00:34] Lawrence
    You were in that village for hundreds of years.
[00:36] Lawrence
    Don't they have legends about you?
[00:38] Holo
    There are.
[00:40] Holo
    "Holo sometimes appears
    in the form of a beautiful girl."
[00:44] Holo
    "She looks like she is in her mid-teens
    with flowing hair, wolf ears,
[00:49] Holo
    and a dark brown tail
    that is white at the tip."
[00:54] Holo
    "As long as you keep her form a secret,
[00:56] Holo
    she promises a bountiful harvest
    in the following year."
[01:00] Lawrence
    They know all your characteristics!
[01:03] Holo
    Hmph.
[01:05] Holo
    No one will recognize me.
[01:06] Holo
    They've long forgotten me.
[01:10] Lawrence
    I see.
[01:14] Holo
    Hey, you.
[01:17] Holo
    They will not recognize me, right?
[01:20] Lawrence
    That's what I'm hoping.
[01:27] Holo
    Well, I'm sure it will be fine.
SIGN    Spice and Wolf
SIGN    Spice and Wolf
SIGN    Spice and Wolf
SIGN    Episode 3
    Port Town and Sweet Temptation
[03:03] Holo
    There seems to be a lot of delicious things!
[03:06] Lawrence
    What good looking apples.
[03:07] Holo
    Right? Do they not look enticingly delicious?!
[03:13] Lawrence
    Yeah.
[03:17] Lawrence
    That's right.
[03:18] Lawrence
    An acquaintance of mine
    invested in an apple venture.
[03:21] Lawrence
    He put more than half of
    his entire assets in it.
[03:24] Lawrence
    His total worth may be
    much higher than mine now.
[03:28] Lawrence
    I should have also invested.
[03:30] Holo
    Y-Yes, that is quite unfortunate.
[03:33] Lawrence
    But it was a risky gamble.
[03:35] Lawrence
    I'd rather invest in a commercial ship.
[03:37] Holo
    Commercial ship?
[03:39] Lawrence
    Merchants who have contracts with one
    another pool their money to borrow one.
[03:43] Lawrence
    The amount of storage space you can use
    depends on the amount you paid.
[03:48] Lawrence
    What's wrong?
[03:49] Holo
    The apples...
[03:52] Holo
    I wish to eat some apples.
[03:54] Lawrence
    Oh, so that's what it was.
[04:02] Lawrence
    Here.
[04:03] Lawrence
    Buy as many as you'd like.
[04:08] Lawrence
    Who spends an entire silver coin on apples?
[04:12] Holo
    You were the one who said
    I could buy as many as I'd like.
[04:15] Lawrence
    Make sure you earn your own keep.
[04:18] Holo
    You pretended you didn't notice earlier.
[04:22] Lawrence
    It must feel nice to know
    what others are thinking so clearly.
[04:26] Lawrence
    I'll have one myself...
[04:28] Lawrence
    Ouch!
[04:29] Holo
    These are mine!
[04:31] Lawrence
    I'm the one who paid for them!
[04:33] Holo
    I am the Wise Wolf Holo.
    I can earn this amount of money quickly.
[04:37] Lawrence
    Well, I'm looking forward to it.
[04:40] Lawrence
    That silver coin was for
    tonight's room and board!
[04:48] Holo
    Apples are the devil's fruit.
[04:50] Holo
    They are full of irresistibly sweet temptation.
[04:54] Lawrence
    If you're a wise wolf, why don't you
    try to overcome such greed?
[04:57] Holo
    You may lose many things due to greed,
    but you gain no benefits from abstinence.
[05:08] Lawrence
    We'll be selling the furs at the
     Milone Trading Company over there.
[05:12] Holo
    I believe there were bigger buildings
    on our way here.
[05:16] Lawrence
    This is the third largest trading company here.
[05:18] Lawrence
    However, this is just a branch of a very
    large company that is well-established
[05:21] Lawrence
    in a country farther south.
[05:23] Lawrence
    In other words, they often
    purchase items at a higher price
[05:26] Lawrence
    to compete in the market as outsiders.
[05:28] Lawrence
    On top of that...
[05:29] Holo
    "They are able to collect a lot of information
    from their various branches," right?
[05:35] Holo
    Since they run a trading company
    that crosses borders,
[05:37] Holo
    they must be sensitive to the changes
    of the currency market...
[05:41] Lawrence
    E-Exactly...
[05:44] Lawrence
    I want to investigate the information that
    young man named Zheren gave us.
[05:51] Cargo Loader
    Welcome to the Milone Trading Company.
[05:53] Lawrence
    There are a lot of people.
[05:55] Guide
    It's almost time for our
    grand expedition to the North.
[05:58] Guide
    The number of wares being taken to and
    from Ruvinheigen has been overwhelming.
[06:01] Lawrence
    No one wishes to waste
    money-making opportunities.
[06:03] Guide
    You're right about that.
[06:05] Guide
    So, what business do you have with us today?
[06:07] Lawrence
    You purchased wheat from me before.
    Today, I'd like to sell you some fur pelts.
[06:12] Guide
    Business is always welcome. Right this way.
[06:17] Appraiser
    Thank you for considering
    our trading company today.
[06:20] Appraiser
    Mr. Kraft Lawrence, wasn't it?
[06:22] Lawrence
    Please just call me Lawrence.
[06:24] Lawrence
    I'm honored you still remember
    my name from three years ago.
[06:28] Appraiser
    No, no. Pardon.
[06:30] Appraiser
    I hear you wish to sell fur pelts today?
[06:35] Lawrence
    Yes. I have seventy marten pelts
    of good quality today.
[06:40] Appraiser
    What fine pelts.
[06:42] Appraiser
    Crops have been bountiful this year,
    so we haven't obtained many marten pelts.
[06:46] Lawrence
    I'm sure that all the farmers have
    their hands full with the farm work this year.
[06:48] Lawrence
    Even so, I managed to collect
    this many high quality fur pelts.
[06:51] Appraiser
    They are more than acceptable.
[06:53] Appraiser
    Then, since we've done business
    with you before,
[06:58] Appraiser
    how about 132 coins of Trenni silver?
[07:05] Lawrence
    Hm, it is hard to come across
    furs of this quality.
[07:09] Lawrence
    I was hoping to deepen
    our relationship through this trade...
[07:15] Appraiser
    Our company would love to do so as well.
[07:18] Appraiser
    Taking our future relationship
    into consideration...
[07:21] Appraiser
    How about 140 silver coins?
[07:25] Lawrence
    Yes, then let's...
[07:29] Lawrence
    Please excuse me for a moment.
[07:32] Lawrence
    What is it?
[07:33] Holo
    I know nothing about the market.
    How is the price?
[07:36] Lawrence
    Pretty good.
[07:40] Appraiser
    Then, is this price acceptable?
[07:43] Holo
    140 Trenni silver coins!
[07:46] Holo
    Is that what you said?
[07:49] Appraiser
    Oh, yes.
[07:50] Appraiser
    I said 140 Trenni silver coins.
[07:53] Holo
    I see that you are a merchant
    of exceptional caliber.
[07:56] Holo
    Wait, is that why you act
    as if you have not noticed?
[08:00] Holo
    If so, we cannot easily
    let our guard down around you.
[08:03] Appraiser
    M-My apologies. Have I missed something?
[08:08] Holo
    Master, please refrain from such bullying.
[08:12] Lawrence
    Th-That wasn't my intention.
[08:14] Lawrence
    Let him know.
[08:17] Holo
    Yes, Master.
[08:19] Holo
    Sir, please take a whiff of these pelts.
[08:26] Holo
    Well?
[08:27] Appraiser
    Is this the scent of fruits?
[08:30] Holo
    Yes, the forests have also
    produced much fruit this year.
[08:35] Holo
    These are furs of martens
    that lived in such a forest.
[08:38] Holo
    They filled their bellies
    with so much good food
[08:40] Holo
    that their bodies exuded a sweet aroma.
[08:43] Appraiser
    I see that!
[08:44] Holo
    These marten pelts are the highest of caliber.
[08:47] Holo
    It took two large men to skin and treat
    them as their bodies were so firm.
[08:53] Holo
    Try pulling the pelt.
[08:55] Holo
    Harder!
[08:57] Holo
    What do you think?
[08:59] Holo
    It is as resilient as a fierce beast.
[09:01] Holo
    It can warm you like the sunshine in spring
    and repel the moisture of the rain.
[09:07] Holo
    On top of that, this scent.
[09:10] Holo
    Imagine how much this would
    shine amongst other clothes
[09:14] Holo
    made of normal smelly marten fur.
[09:20] Holo
    I am sure you can sell them
    at an incomparable price.
[09:25] Holo
    Now.
[09:26] Holo
    Please tell me again at what price
    you wish to purchase these fur pelts?
[09:30] Appraiser
    Well, then...
[09:35] Appraiser
    How about 200 Trenni silver coins?
[09:40] Holo
    What about three silver coins per pelt?
[09:44] Holo
    In other words, 210 coins.
[09:48] Holo
    Master, what about a different trading company?
[09:50] Appraiser
    I-I accept! Please let me
    purchase them at 210 coins!
[09:55] Holo
    That is what he says, Master.
[09:58] Lawrence
    Y-Yes.
[10:09] Holo
    Wine is definitely the best!
[10:12] Holo
    Are you not going to drink? It is my treat.
[10:15] Lawrence
    Have you ever been a merchant before?
[10:18] Holo
    What? Did I hurt your pride with my act?
[10:23] Holo
    I just used the same method as a sharp-witted
    merchant that once visited the village.
[10:29] Holo
    I did not think it up myself.
[10:41] Lawrence
    But I never noticed.
[10:44] Lawrence
    I touched handled them multiple times
    and never caught the scent of fruit.
[10:48] Holo
    Well, that was from the apples I bought before.
[10:53] Lawrence
    That means that...!
[10:54] Holo
    "It is his fault for falling for the trick."
[10:56] Holo
    Well, I would not go as far as saying that...
[10:58] Holo
    But I am sure he will be impressed
    to know the existence of such a method.
[11:01] Lawrence
    Well, you're probably right.
[11:03] Holo
    People who are easily angered
    from being tricked will never get far.
[11:07] Holo
    A true professional would
     be impressed at being beaten.
[11:10] Holo
    That aside, have you done
    what you needed to do?
[11:15] Lawrence
    For now.
[11:17] Lawrence
    They didn't seem to have
    any knowledge about a country
[11:21] Lawrence
    whose silver coin was being newly minted.
[11:23] Lawrence
    The Milone Trading Company didn't seem
    to be hiding anything, either...
[11:28] Lawrence
    Well, no matter what kind of
    gimmick Zheren's story has,
[11:32] Lawrence
    I'm fine as long as I don't
    lose money and come out ahead.
[11:37] Zheren
    Cheers to our reunion!
[11:44] Zheren
    This is good alcohol.
[11:46] Zheren
    It must mean that you made
    quite a profit on your fur pelts!
[11:49] Lawrence
    Yeah.
[11:50] Zheren
    I'm glad to hear that.
[11:52] Zheren
    The more money you have to invest,
    the more profit I'll make.
[11:56] Lawrence
    Enough about that.
[11:58] Lawrence
    You said you wanted a share of my profits
    in exchange for the information of
[12:03] Lawrence
    which coin was going to be minted
    with a higher percentage of silver.
[12:06] Lawrence
    Am I right?
[12:08] Zheren
    Yes.
[12:08] Lawrence
    Are you sure about this information?
[12:11] Zheren
    Well, to begin with...
[12:13] Zheren
    This is a guess from some information
    I gained from a mining town I used to live in.
[12:17] Zheren
    I think the information is pretty dependable.
[12:20] Zheren
    But, well...
[12:22] Zheren
    Business is never a sure thing.
[12:27] Lawrence
    That's true.
[12:28] Lawrence
    I was planning on turning you down
    if you said you were absolutely sure.
[12:31] Lawrence
    I'd be suspicious of such a good deal.
[12:35] Lawrence
    So, what's your share?
[12:37] Zheren
    Yes, I'd like ten Trenni silver coins
    for the information
[12:40] Zheren
    and ten percent of your profits.
[12:44] Lawrence
    That's pretty conservative.
[12:45] Zheren
    Well, I hold no responsibility
    if you end up at a loss.
[12:50] Zheren
    In exchange for keeping at ten percent,
[12:52] Zheren
    I'm hoping that returning
    your ten silver coins will be enough
[12:56] Zheren
    to end the deal if you take a loss.
[12:59] Lawrence
    I see.
[13:00] Zheren
    The settlement date will be three days
    before the large spring market next year.
[13:06] Zheren
    I believe this'll all happen
    before the end of this year.
[13:10] Lawrence
    In half a year? Sounds good.
[13:13] Zheren
    Then, I'd like to have a contract made
    at the public notary tomorrow.
[13:17] Lawrence
    Got it.
[13:18] Lawrence
    To our profits!
[13:20] Zheren
    Our profits!
[13:25] Holo
    A Farum silver coin!
[13:26] Lawrence
    Wrong. That's a fake Marinne silver coin.
[13:29] Holo
    Is that not this one?
[13:30] Lawrence
    That's a Mitzfing Sacred Birthday
    Festival silver coin.
[13:35] Lawrence
    You'll learn to tell them apart
    as you use them.
[13:37] Lawrence
    Let's continue after you've sobered up.
[13:39] Holo
    No! One more time!
[13:42] Lawrence
    It can't be helped.
    Make sure you listen carefully.
[13:45] Lawrence
    Trenni silver coin, Philing silver coin,
    Illaid silver coin,
[13:49] Lawrence
    Lute silver coin, fake Marinne silver coin,
[13:52] Lawrence
    Farum silver coin,
    Calvous King Lambardo silver coin,
[13:56] Lawrence
    Mitzfing Cathedral silver coin,
    fake Mitzfing Cathedral silver coin,
[14:01] Lawrence
    Holy Mitzfing silver coin,
[14:03] Lawrence
    and Mitzfing Sacred Birthday Festival...
[14:05] Holo
    Enough. I shall sleep.
[14:08] Lawrence
    A wise choice.
[14:09] Holo
    Hmph. Why are there so many different kinds?
[14:14] Lawrence
    As new kingdoms rise and fall,
[14:16] Lawrence
    the powerful and the Church
    keep minting new types of coins.
[14:21] Lawrence
    On top of that,
    counterfeiting never ceases.
[14:24] Lawrence
    Lute silver coins were originally
    called fake Trenni silver coins...
[14:45] Lawrence
    Thanks for the information.
[14:46] Zheren
    Thank you.
[14:48] Zheren
    Mister, I hope you make a lot of money.
[14:51] Zheren
    I hope you stay beautiful, Ma'am!
[14:54] Holo
    He was noisy until the very end...
[14:58] Holo
    So, which silver coin is the one in question?
[15:00] Lawrence
    This one. The Trenni silver coin.
[15:03] Lawrence
    It's a highly trusted coin in this area.
[15:07] Holo
    Trusted?
[15:08] Lawrence
    Yeah. There are several hundred
    types of currency
[15:11] Lawrence
    and the amounts of silver
    and gold in them often change.
[15:14] Lawrence
    The value of a coin is much higher
    than the silver or gold in them.
[15:20] Lawrence
    That's why trust in them is needed
    to make transactions.
[15:23] Holo
    I see.
[15:24] Holo
    So, what do you make of it?
[15:27] Lawrence
    I'm not sure, but I have some ideas about it.
[15:32] Holo
    I wish to eat that.
[15:39] Holo
    So, what did you realize?
[15:42] Lawrence
    His story may be true if it has to do
    with Trenni silver coins.
[15:47] Lawrence
    This is a Philing silver coin.
[15:49] Lawrence
    It has a high percentage of silver
    and it's popular in the market.
[15:52] Lawrence
    It could be considered Trenni's rival coin.
[15:56] Holo
    No matter the era, the value of a coin
[15:58] Holo
    has always depended
    on the power of that country.
[16:01] Lawrence
    If foreign currencies
    dominate a country's market,
[16:05] Lawrence
    they get trapped economically.
[16:07] Lawrence
    It's the same as losing in a war.
[16:10] Holo
    In other words,
[16:11] Holo
    they may be increasing the amount of silver
    in their coins to defeat their rival.
[16:16] Lawrence
    Yes.
[16:18] Lawrence
    That's why Zheren may not necessarily
    be lying as you had thought.
[16:23] Holo
    Well, my ears are not perfect.
[16:29] Holo
    What? Did you think I would be upset?
[16:33] Lawrence
    I did.
[16:35] Holo
    Though, I may become upset
    with your opinion of me.
[16:41] Holo
    Where are you going?
[16:42] Lawrence
    The bridge.
[16:44] Lawrence
    An acquaintance of mine
    is a currency dealer there.
[16:47] Lawrence
    It's hard to actually tell the purity
    of a currency accurately.
[16:52] Lawrence
    Even so, the reason certain currencies
    rise and fall in popularity is
[16:54] Lawrence
    because people are sensitive to the changes
    in purity of silver and gold.
[16:59] Lawrence
    Enough to think that
    a small change is a huge one.
[17:03] Lawrence
    That's why there is always
    some kind of indication
[17:06] Lawrence
    when a currency undergoes a big change.
[17:10] Lawrence
    There's no need to remember
    all of this right away.
[17:11] Lawrence
    I'll explain it to you slowly
    over the next month.
[17:14] Holo
    In other words...
[17:16] Holo
    When the minter plans to make a great
    change in the purity of a coin,
[17:20] Holo
    they will start with small changes to monitor
    the market's reaction, right?
[17:28] Lawrence
    Y-Yeah, th-that's about right.
[17:32] Lawrence
    Long time no see, Weiz.
[17:34] Weiz
    Lawrence!
[17:36] Weiz
    Nice to meet you. What is your name?
[17:39] Holo
    My name is Holo...
[17:41] Weiz
    Holo. What a nice name!
[17:43] Lawrence
    Hey, now...
[17:45] Weiz
    How about working at my shop?
    And perhaps becoming my wife...
[17:49] Holo
    A currency dealer works with many
    different currencies, do they not?
[17:53] Holo
    I do not know much about them.
[17:55] Weiz
    No problem! I can teach you!
    We can take our sweet time!
[18:00] Lawrence
    Weiz, I wanted to talk to you about something.
[18:03] Weiz
    What is it?
[18:04] Lawrence
    I want to see some recently minted
    Trenni silver coins.
[18:09] Weiz
    From older to newer.
[18:11] Weiz
    Nothing's changed.
[18:13] Weiz
    Even people like me, who handle money
    every day, haven't noticed any changes.
[18:18] Lawrence
    Any interest in melting it down and checking?
[18:20] Weiz
    Don't be stupid. I can't do that!
[18:23] Holo
    May I see them as well?
[18:25] Lawrence
    Did you notice something?
[18:26] Weiz
    Feel free!
[18:30] Holo
    You are such a bad man.
[18:33] Weiz
    Sorry! You were so beautiful
    that I couldn't help it.
[18:36] Holo
    Well, please watch.
[18:41] Weiz
    That's impossible.
[18:43] Weiz
    I've been a currency dealer for decades
    and I can't tell the purity just by the sound.
[18:48] Weiz
    I've heard of people who could tell,
    but even those stories are just legends.
[18:55] Weiz
    Well? Can you tell?
[18:57] Holo
    Not at all.
[18:58] Weiz
    It can't be helped. It can't be helped.
[19:01] Weiz
    Forget about the silver
    and have dinner with me instead.
[19:04] Holo
    What an interesting man.
[19:05] Lawrence
    He's a big womanizer.
[19:08] Lawrence
    Did the purity increase? Or decrease?
[19:12] Holo
    You've become good at
    tricking others to answer.
[19:16] Lawrence
    I saw your ears move.
[19:18] Holo
    I cannot let my guard down around you.
[19:20] Lawrence
    I was surprised you didn't say anything.
[19:23] Holo
    Well, it was my way of thanking you.
[19:26] Lawrence
    Thanking me?
[19:27] Holo
    You were jealous earlier, were you not?
[19:30] Holo
    It was to thank you for that.
[19:32] Holo
    There's no need to be bothered by it.
[19:33] Holo
    Males are all jealous idiots.
[19:37] Holo
    And females are idiots
    who feel happy about such things.
[19:42] Holo
    The world is full of idiots.
[19:46] Lawrence
    How were the silver coins?
[19:50] Holo
    It was very gradual,
    but the newer coins sound duller.
[19:55] Lawrence
    Duller? Then the purity is decreasing...
[19:59] Lawrence
    Which means Zheren lied.
[20:03] Lawrence
    It's easy to make a profit if the purity
    of silver or gold were increasing.
[20:07] Lawrence
    All you have to do is buy up the old coins
    and exchange them with the new ones.
[20:11] Lawrence
    But if the purity is decreasing,
[20:14] Lawrence
    it's hard to make money
    even if you know ahead of time...
[20:17] Lawrence
    You could buy them up
    when their value decreases,
[20:21] Lawrence
    but you'd need starting funds
    for something like that
[20:24] Lawrence
    and it'd be unlikely to make
    a profit in half a year...
[20:28] Lawrence
    I have no idea. How does Zheren plan
    to make a profit from this?
[20:35] Holo
    You may have been tricked.
[20:38] Lawrence
    Tricked? You mean he swindled
    ten silver coins from me?
[20:42] Holo
    No. If the value of Trenni silver decreases,
[20:46] Holo
    that kid would return
    the ten silver coins to you.
[20:49] Holo
    At worst, he wouldn't make any money.
[20:51] Holo
    On the other hand, if the value increases,
[20:53] Holo
    he earns ten percent of the profits
    without risking any money.
[20:58] Holo
    Even if he has no gains, he has no losses.
[21:01] Lawrence
    I see what you mean.
[21:02] Holo
    Humans are so quick to understand.
[21:05] Lawrence
    I can't believe it.
    Such an elementary mistake...
[21:08] Holo
    It's just...
[21:10] Holo
    Is it common for the purity
    in silver to decrease?
[21:14] Lawrence
    No, normally the purity level of a silver coin
[21:17] Lawrence
    would be maintained with the utmost of care.
[21:20] Holo
    We suddenly received information about
    the purity of a coin at a time like this.
[21:24] Holo
    Is this truly a coincidence?
[21:29] Holo
    There are times we wolves
    climb up a tree when hunting prey.
[21:33] Holo
    We change our perspective.
    The forest looks different atop a tree.
[21:38] Lawrence
    I should change my perspective?
[21:41] Holo
    Perhaps that kid isn't the true swindler here?
[21:47] Holo
    That kid may not need
    to receive benefit directly from us.
[21:53] Holo
    He may have been asked by someone
    to bring up this deal to others.
[22:00] Lawrence
    I see!
[22:01] Lawrence
    I've figured it out.
[22:03] Lawrence
    The way you can make money with
    a silver coin that's dropping in value!
[22:06] Holo
    It seems you have realized something.
[22:08] Lawrence
    Let's go!
[22:10] Holo
    Where?
[22:12] Lawrence
    To the Milone Trading Company!
SIGN    Episode 4
SIGN    Romantic Merchant and Moonlit Farewell
[23:45] Holo
    Next Episode:
    Romantic Merchant and Moonlit Farewell