of view, a loss to the country of $1,000,000.

C, the French owner of the Nevada mine, had a million more with which
to develop it. Hearing that French cloths and gloves had a good sale
in Boston, he invested his million in these goods, sailed for Boston
with them, sold them there in bond and plus exportation, for
$1,100,000, which he at once invested in machinery, labor, &c.,
destined for Nevada. So far, C made a profit of $100,000, and had
$2,100,000 invested in an American gold mine; but, according to the
Commerce and Navigation Returns, the exports were nothing, and the
imports $1,000,000; according to Mr. Greeley's solitary point of view,
a loss to the country of $ 1,000,000.

D, had a rich uncle in Rio Janeiro who died and left him a million. D
ordered this sum to be invested in hides and shipped to him at Boston.
These hides were worth a million in Rio, but $1,100,000 in Natick, ex
duty and plus transportation. Upon selling them D was clearly worth
$1,100,000; yet, according to the Commerce and Navigation Reports, as
there had been no exports, but simply $1,000,000 of imports, the
transaction, from Mr. Greeley's solitary point of view, seemed a loss
to the country of $1,000,000.

E, in 1850, shipped to Cuba, wagons, carts, agricultural implements,
pianos and billiard-tables, worth $1,000,000 in Baltimore, but
$1,100,000 in Havana, ex duty and plus transportation. These he sold,
and invested the proceeds in cigars worth $1,100,000 in Havana, but in
Russia, ex duty and plus transportation, $1,210,000. Disposing of
these in turn, and investing the proceeds in Russian iron worth
$1,210,000 in Russia, but $1,331,000 in Venezuela, ex duty and plus
transportation, he shipped the iron to Venezuela, where he realized on