These goods, again, had to pay for transportation to the sea-board, insurance, commissions, &c., ten per cent.; so that when the return cargo arrived at New Orleans, its value had risen to $352,000, and it was thus entered at the custom-house.
Finally, Mr.T realized again on this return cargo twenty per cent.
profits, amounting to $70,400.

The goods thus sold for the sum of $422,400.
If our legislators require it, I will send them an extract from the books of Mr.T.They will there see, _credited_ to the account of _profit and loss_, that is to say, set down as gained, two sums; the one of $40,000, the other of $70,400, and Mr.T feels perfectly certain that, as regards these, there is no mistake in his accounts.
Now what conclusion do our Congressmen draw from the sums entered into the custom-house, in this operation?
They thence learn that the United States have exported $200,000, and imported $352,000; from whence they conclude "_that she has spent, dissipated, the profits of her previous savings; that she is impoverishing herself and progressing to her ruin; and that she has squandered on a foreign nation_ $152,000 _of her capital_." Some time after this transaction, Mr.T dispatched another vessel, again freighted with national produce, to the amount of $200,000.

But the vessel foundered in leaving the port, and Mr.T had only further to inscribe upon his books two little items, thus worded: "_Sundries due to X_, $200,000, for purchase of divers articles dispatched by vessel N." "_Profit and loss due, to sundries_, $200,000, _for final and total loss of cargo._" In the meantime the custom-house inscribed $200,000 upon its list of _exportations_, and as there can of course be nothing to balance this entry on the list of _importations_, it hence follows that our enlightened members of Congress must see in this wreck _a clear profit_ to the United States of $200,000.
We may draw hence yet another conclusion, viz.: that according to the Balance of Trade theory, the United States has an exceedingly simple manner of constantly doubling her capital.

It is only necessary, to accomplish this, that she should, after entering into the custom-house her articles for exportation, cause them to be thrown into the sea.

By this course, her exportations can speedily be made to equal her capital; importations will be nothing, and our gain will be, all which the ocean will have swallowed up.
You are joking, the protectionists will reply.