The cotton thus sold for the sum of 422,400 francs.
If Mr.Lestiboudois requires it, I will send him an extract from the books of Mr.T...

He 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 70,000 francs, and Mr.T ...

feels perfectly certain that as regards these, there is no mistake in his accounts.
Now what conclusion does Mr.Lestiboudois draw from the sums entered into the custom-house, in this operation?
He thence learns that France has exported 200,000 francs, and imported 352,000; from whence the honorable deputy concludes "_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 _francs of her capital_." Some time after this transaction, Mr.T...

despatched another vessel, again freighted with domestic produce, to the amount of 200,000 francs.
But the vessel foundered after leaving the port, and Mr.T ...

had only farther to inscribe on his books two little items, thus worded: "_Sundries due to X_, 200,000 francs, for purchase of divers articles despatched by vessel N.
"_Profit and loss due to sundries, 200,000 francs, for final and total loss of cargo._" In the meantime the custom-house inscribed 200,000 francs 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 Mr.
Lestiboudois and the Chamber must see in this wreck _a clear profit_ to France of 200,000 francs.
We may draw hence yet another conclusion, viz.: that according to the Balance of Trade theory, France has an exceedingly simple manner of constantly doubling her capital.