"Balance of trade" Quotes from Famous Books
 ... hundreds of miles, in search of a precarious market in the Northern and Eastern states, or permitting them to rot on their hands. Many articles which are, or by habit have become, necessary for comfort, are obtained at extravagant prices from other parts of the Union. The balance of trade, if trade it may be called, from these and other causes being so entirely against the Southern and Middle states, the whole of our specie is rapidly travelling to the North and East. Our bank paper is thrown back upon the institutions from which it issued; and as the war expenditures ...
— Sea Power in its Relations to the War of 1812 - Volume 2 • Alfred Thayer Mahan |
