(8) I regret I cannot say when exactly, nor where, his Grace gave his opinion on this subject, and I regret this the more, because I cannot give his Grace's exact words; but of the fact I have no doubt, and I must only trust to your forbearance and memory when I cannot point to the day and place. (9) "Not long since a very general ignorance prevailed respecting the Western Coast of North America, and no less general apathy."--_Rev. C. G. Nicolay, 1846._ (10) "Oh, Squire! if John Bull only knew the value of these colonies, he would be a great man, I tell you,--but he don't."--_Clockmaker, 1838._ "We ought to be sensible of the patience and good feeling which the people of Canada have shown in the most trying circumstances."-_Mr. Labouchere, Debate on Navigation Laws._ (11) "Considering all the natural and acquired advantages that we possess for this purpose, it should rather create surprise and regret that our commerce is so small, than engender pride because it is so large." "We may conclude then that improvements in production and emigration of capital to the more fertile soils and unworked mines of the uninhabited or thinly peopled parts of the globe, do not, as it appears to a superficial view, diminish the gross produce and the demand for labour at home, but, on the contrary, are what we have chiefly to depend on for the increasing both, and are even the necessary conditions of any great or prolonged augmentations of either; nor is it any exaggeration to say, that, within limits, the more capital a country like England expends in these two ways, _the more she will have left_."--_J. S. Mill, Polit. Econ._ (12) For "a very large amount of capital belonging to individuals have, of late years, sought profitable investment in other lands. It has been computed, that the United States have, during the last five years, absorbed in this manner more than L25,000,000 of English capital." And how much more, it may be asked, has gone to the continent of Europe and elsewhere? "When a few years have elapsed without a crisis, and no new and tempting channel for investment has been opened in the meantime, there is always found to have occurred, in these few years, so large an increase of capital seeking investment, as to have lowered considerably the rate of interest, whether indicated by the prices of securities, or by the rate of discount on bills; and this diminution of interest tempts the possessors to incur hazards, in hopes of a more considerable return."--_Mill's Political Economy._