The merchants of Kiachta are mostly reported to be enormously wealthy--several millions of roubles are not considered too much to ascribe to the most prosperous of them. These great fortunes are doubtless for the most part mythical, and as mammon is devoutly worshipped here, and the Russian "swell" has no qualities but wealth to recommend him to the respect of his countrymen, their reputed millions are merely a figure of speech, by which the public mean to express their appreciation of character. That the Kiachta merchants are, on the whole, wealthy, there is no doubt, and the most approved means for attaining that desirable condition seems to be to fail periodically. On those occasions the gentleman makes a journey to Nijni-novgorod and Moscow to see his creditors,--offers them fifty kopeks in the rouble or--nothing. The composition is accepted for various reasons: first, because it would be too much trouble to dispute it, and secondly, because the said creditors have made a good thing out of the connection, and hope to do so again. All this being satisfactorily arranged, the merchant starts afresh in the old line, having in the meantime added "house to house, and field to field." I would not be supposed to insinuate that this is a common practice in Kiachta, but some instances were pointed out to me of Croesuses who had passed through the ordeal more than once, rising higher in public estimation each time, as their worldly prosperity increased. Large profits are made, or rather have been made, in the Kiachta trade, both with China and the west of Russia. Almost every merchant has a shop either in the bazaar at Troitskosarfsk or in Kiachta, and their principle in business is rather to do little with large profits, than to accept smaller profits with a greatly extended trade. They don't seem to try to undersell each other, but rather combine to tax the public heavily for all the necessaries of life. The prices of nearly all articles in the shops are extravagant, even allowing for the expensive carriage their goods have to bear from the great distances most of them have to come. Were they to be content with such profits as would be considered ample in any other civilised country, they would place the necessaries of life, and even luxuries, within the reach of a vast number of people whose means do not at present admit of expensive indulgences, and thereby increase consumption to an extent that would in the long run bring them in greater aggregate profits than they now realise, and indirectly add to the general prosperity and well-being of the place. For one bottle of porter they now sell at three and four roubles, they would sell ten at one-and-a-half or two roubles; and so with other things. But the Russians have no notions of expansion, and the merchants are far behind the Government in commercial enlightenment. The recent measure of opening the Russian sea-ports to the import of tea direct from