The entire proceeds, $44,000,000, they then lent to the government with which to carry on its war of existence with the Southern insurgents.

Profitable as these transactions clearly were to I and his friends, and to the government, Mr.Greeley, nevertheless, only sees the import of $40,000,000 worth of foreign extravagances, and consequently wants the tariff on iron increased in order to make water run up hill.
J, had $2,000,000 in five-twenty bonds, which cost him $1,400,000 gold.

As the market price in New York was only 70 gold, while it was 72-1/4 in London, he conceived the inhuman idea of selling them in the latter place.

The cost of sending them there, including insurance, &c., made them net him but 72, but at this price he gained a profit of $40,000.

With his capital now augmented to $1,440,000 he bought rags in Italy, which he sold in New York for $1,584,000, ex duty and plus transportation, a clear profit of $184,000 from the start.