. Pamphlets. Two successive employments of one capital—first,London to purchase engine from Glasgow, and then, withthe proceeds, Glasgow to buy boots from Northampton—both in this country. The Protectionist forgets England has now missed theBrussels order, and in Belgium the situation would bethus : No. 3. With Protection. BELtJlUM. BRUSSELS LIE8E ^.Ooo Again two successive employments of one capital—first,to purchase boots from Bruges, and then, with the pro-ceeds, Bruges to purchase other goods from, say, Li^ge. 17 No. 4. The full Free Trade equivalent of 2 and 3 under Free Tra
. Pamphlets. Two successive employments of one capital—first,London to purchase engine from Glasgow, and then, withthe proceeds, Glasgow to buy boots from Northampton—both in this country. The Protectionist forgets England has now missed theBrussels order, and in Belgium the situation would bethus : No. 3. With Protection. BELtJlUM. BRUSSELS LIE8E ^.Ooo Again two successive employments of one capital—first,to purchase boots from Bruges, and then, with the pro-ceeds, Bruges to purchase other goods from, say, Li^ge. 17 No. 4. The full Free Trade equivalent of 2 and 3 under Free Trade—thatis, two successive employments of two capitals:
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