The very magnitude of the trade employed in the exportation of the emigrants, and the importation of food for those who remain, has gone far to conceal the ruinous effects of Free Trade. Between the carrying out of emigrants, and the bringing in of grain--the exportation of our strength, and the importation of our weakness--our chief seaports may continue for some time to drive a gainful traffic. The _Liverpool Times_ observes:-- "The number of emigrant vessels which sailed from Liverpool during the last year, was 568. Of these vessels, many are from 1500 to 2000 tons burden, and a few of them even reach 3000 tons. They are amongst the finest vessels that ever were built, are well commanded, well-manned, fitted out in excellent style, and present a wonderful improvement in all respects, when compared with the same class of vessels even half a dozen years ago. Taking the average passage-money of each passenger in these vessels at £6, the conveying of emigrants yields a revenue of upwards of £1,000,000 sterling to the shipping which belongs to or frequents this port, independent of the great amount of money which the passage of such an immense multitude of persons through the town must cause to be spent in it. In fact, the passage and conveyance of emigrants has become one of the greatest trades of Liverpool."--_Liverpool Times_, Jan. 10, 1851. The number of emigrants from the Mersey and the Clyde, since the days of Free Trade began, have been prodigious, and rapidly increasing. They have stood thus:-- Year. Liverpool. Clyde. 1847 134,524 7,728 1848 131,121 10,035 1849 153,902 14,968 1850 174,187 14,203 It was precisely the same in the declining days of the Roman empire--the great seaport towns continued to flourish when all other interests in the state were rapidly sinking; and when the plains in the interior were desolate, or tenanted only by the ox or the buffalo, the great cities were still the abodes of vast realised wealth and unbounded private luxury. We are rapidly following in the same path. The realised capital of Great Britain was estimated in 1814 at L.1,200,000,000; in 1841, Mr Porter estimated it at L.2,000,000,000; the capital subject to legacy duty in Great Britain, on an average of forty-one years, from 1797 to 1841, was L.26,000,000; in the single year 1840 it was L.40,500,000. The increase of realised capital among the rich has been nearly as great as that of pauperism, misery, and consequent emigration among the poor--the well-known and oft-observed premonitory symptoms of the decline of nations. * * * * *