"_We thus see that no call that can possibly arise for our manufactures can have the effect of preventing a continuous drain of bullion_. That a large trade will occur no one can doubt, but at present it is scarcely even in prospect. From India and China each account comes less favourable than before; from Russia we are told that 'no great demand can be expected for British goods under the present high duties' in that country; while even from the United States, the point from whence relief will most rapidly come, we hear of a shrewd conviction that we are approaching _a period of low prices_, and that, consequently, for the present 'the less they order from us the better.'"--_Times_, March 10, 1847. [13] _England in 1815 and 1845_, pp. v-vii. Preface to third edition, published in _June_ 1846.