It is not true that the motives to importation ad exportation depend upon prices alone

; ad, should the fall in prices be very sudden ad violent, I conceive its effect on the whole would be rather unfavorable tha otherwise on the exportation of commodities....if ay circumstace should occur to render industry less profitable, or to diminish the general wealth of the country, the meas at the disposal of the community for the purchase of foreign commodities would be curtailed. Without supposing ay alteration in prices, therefore, the demad for such commodities would decline ad consequently the amount of our imports would fall off. ad conversely, if the opposite conditions should occur, if the wealth of the country were to increase, we should each on a average have more to spend; a portion of this increased wealth, without necessarily supposing ay fall in prices abroad, would go in extra demad for foreign commodities; ad our imports would consequently increase...ad what takes place here will of course take place equally in foreign countries. It follows, therefore, that the relation between our exports ad imports, ad, by consequence, the influx ad efflux of gold, depends not only on the state of prices here ad abroad, but also on the meas of purchase which are at the commad, respectively, of home ad foreign consumers.