[What Is Free Trade? by Frederick Bastiat]@TWC D-Link book
What Is Free Trade?

CHAPTER VI
18/23

These vessels have an aggregate burden of one million tons, are worth forty dollars, gold, per ton, and earn a net profit per annum of ten per cent.

on their cost.

Although in this kind of carrying trade we are wofully behind other nations, yet it yields, in twelve years (the average age of the vessels engaged in it), the neat little profit of $48,000,000, which is invested by Q in tea, coffee, and sugar, and imported into the United States at a net profit of ten per cent.

Although an unquestionable gain to Q and the country at large of $52,800,000, Mr.Greeley, with his contracted views, only regards it as a dead loss on the import side of our Commerce and Navigation Returns.
R, was a bank which had a defaulting cashier, who ran away in 1857 with $500,000 of its funds.

(Sch*yl*r carried off a million of New Haven Railroad bonds).


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