122 
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 sub- 
stantiated 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 inde- 
pendent matter, not to be taken up as part of the theory of international trade 
Proper.