ofit of $100,000, besides getting rid of his mine; but, according to
the Commerce and Navigation Returns, the exports were nothing, and the
imports $1,000,000; showing, according to Mr. Greeley's solitary point
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
it, investing the proceeds this time in South American products worth
in Spain $1,464,100. He sold these products in Spain, bought olive oil
with the proceeds, shipped the same to Australia, where it was worth,
ex duty and plus charges, $1,610,510, which sum he realized in gold,
which he carried to New York in 1853. On the latter transaction he
makes no profit, but barely clears his charges. Yet on the whole he
has made a net gain of $610,510; but, according to the Commerce and
Navigation Reports