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.
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