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

CHAPTER VI
9/23

By these transactions he not only got rid of his elephant, but both he and the country clearly gained $50,000.

Yet according to Mr.Greeley's single eye the country suffered to the extent of $200,000, for in the exports appeared nothing, but among the imports $200,000 worth of foreign gewgaws, only fit to keep time with.
G, (an actual transaction) shipped by the Great Eastern on her last voyage from New York, lard and other merchandise, worth in New York $600,000, the fact of which, in the hurry of business, he failed to report to the Custom House, and it therefore did not appear in the exports.

This lard was carried to England, where it found no sale, and was reshipped to New York.

G only escaped being charged duty on it when it arrived, by swearing that it had been originally shipped from here in good faith; yet it was entered as an import (free of duty), and showed, according to Mr.Greeley's one eye, that the country was on the road to ruin $600,000 worth.
H, lived in Brownsville, Texas, where he had a lot of arms and gunpowder, worth $100,000.

The Mexicans levied a very high import duty on these articles, and they consequently bore a very high price in Matamoras, just opposite, being worth in the market of that town no less than $250,000.


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