Not being able to effect the transaction in the United States, he sent the bonds to Germany, where they were sold, and the proceeds invested in English railroad iron, worth $1,000,000 in Glasgow, but $1,100,000 in Chicago, ex duty, and plus transportation.

By this transaction M, besides effecting the desired exchange, netted a profit of $100,000.

Yet, according to the Commerce and Navigation Reports, and Mr.Greeley's one eye, as there had been no exports and $1,000,000 of imports, the country was a sufferer by the latter sum.
N, was a body of incorporators who owned a tract of land lying in the bend of a river.

Standing in need of water power for manufacturing purposes, they resolved to cut a canal across the bend.

As this would essentially benefit the navigation of the river, the State agreed to guaranty their bonds for a loan of money to the extent of $1,000,000.
Finding no purchaser for these bonds in the United States, they remitted them to Europe, and there sold them at par.