ABSTRACT

A nation, receiving a stray child into its bosom again, acquires a real treasure; in as much as in him it receives an addition to its population, an accession to the profits of national industry, and an acquisition of capital. With regard to the capital lent by one nation to another, the effect upon their respective wealth is precisely analogous to that, resulting from every loan from one individual to another. With regard to landed property, as may belong to foreigners residing abroad, the revenue arising from it is an item of foreign, and forms no part of the national revenue. The particular form, in which one nation may draw revenue from another, is of no importance whatever. As long as exportation of any kind is allowed, and exportation has always been regarded by statesmen with a favourable eye, it is easy to receive in one country, the revenue and capital derived from another.