Such was the amount entered at the
custom-house. The cargo, on its arrival at Havre, had paid ten per
cent. expenses, and was liable to thirty per cent. duties, which
raised its value to $280,000. It was sold at twenty per cent. profit
on its original value, which equalled $40,000, and the price of sale
was $320,000, which the consignee converted into merchandise,
principally Parisian goods. These goods, again, had to pay for
transportation to the sea-board, insurance, commissions, &c., ten per
cent.; so that when the return cargo arrived at New Orleans, its value
had risen to $352,000, and it was thus entered at the custom-house.
Finally, Mr. T realized again on this return cargo twenty per cent.
profits, amounting to $70,400. The goods thus sold for the sum of
$422,400.
If our legislators require it, I will send them an extract from the
books of Mr. T. They will there see, _credited_ to the account of
_profit and loss_, that is to say, set down as gained, two sums; the
one of $40,000, the other of $70,400, and Mr. T feels perfectly
certain that, as regards these, there is no mistake in his accounts.
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