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INTERNATIONAL TRADE

principles of a higher or sublimated utilitarianism, they suffer no
loss, nay, reap the highest gains, thru the whole gamut of the
performance.!

L Tt may be remarked that, so far as concerns ulterior effects on classes within
the United States, this case is probably different from that of travellers’ remittances.
The persons by whom funds were sent abroad on donation account (in the U. S.
since 1895) were predominantly the poor rather than the rich. The buyers of the
imported goods, on the other hand, were the rich quite as much as the poor; tho it
is to be confessed that this statement rests on general observation, and can be substantiated
 by no specific proof. At all events the probabilities (or possibilities) in
this direction indicate again that the repercussion of international advantages or
disadvantages on the several classes and sections within a country is quite an independent
 matter, not to be taken up as part of the theory of international trade
Proper.