Greeley's solitary point of view, a loss to the country of one
million.
B, owned a gold mine in Nevada, and had no capital with which to
develop it. He proceeded to France, sold his mine to C for a million,
which he invested in French muslin-de-laines, buttons, and glassware,
worth a million in France, but worth $1,100,000 in Philadelphia, ex
duty and plus transportation, &c. These sold, B netted an undoubted
profit 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.
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