History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas JeffersonAdams, Henry
History
History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas Jefferson
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
The rupture of the Peace of Amiens, in May, 1803, set Lord Sheffield
again at work; and unfortunately the material lay ready to his hand.
The whole subject of his discourse related to a single fact; but
this fact was full of alarm to the English people. The extraordinary
decrease of British tonnage in the American trade, the corresponding
increase of American shipping, and the loud exultation of the Yankees
over the British shipmasters were proofs of the danger which menaced
England, whose existence depended on maritime strength. In the month of
February, 1804, Lord Sheffield published a pamphlet,[305] which dwelt
on these calamities as due to the wanton relaxation of the navigation
laws and the senseless clamor of the colonies. He was answered in a
pamphlet[306] written by one of the colonial agents; and the answer was
convincing, so far as Lord Sheffield’s argument was concerned, but his
array of statistics remained to disturb the British mind.
Monroe might therefore count on having, some day, to meet whatever
mischief the shipping interest of Great Britain could cause. No
argument was needed to prove that the navy would support with zeal
whatever demands should be made by the mercantile marine. There
remained the immense influence of the West Indian colonies to
consider; and if this should be brought into active sympathy with the
shipowners and the royal marine against American trade, no minister in
England--not even Pitt himself at the height of his power--would be
strong enough to resist the combination.
The staple product of the West Indian islands was sugar, and owing to
several causes the profits of the planters had until 1798 been large.
The insurrection of the Haytian negroes in 1792 annihilated for the
time the supply of sugar from St. Domingo; prices rose in consequence,
and a great increase in the number of sugar plantations naturally
followed. Several of the Dutch and French islands fell into the hands
of England, and adventurers flocked to them, eager to invest British
capital in new sugar-fields. Under this impulse the supply again
increased. Cuba, Porto Rico, Guadeloupe, and at last St. Domingo itself
under Toussaint’s rule poured sugar into the market. American ships
carried French and Spanish sugar to Europe until it became a drug. The
high price lasted till 1798; in that year Pitt even imposed a heavy
additional duty upon it as a sure source of revenue. In 1799 the effect
of over-production first became apparent. During the next few years
the price of sugar fell, until great suffering began to prevail in the
islands, and the planters wrote piteous letters of distress to England.
Their agents wrote back that the English market was flooded with
colonial produce: “Send no more sugar home; give it away rather!” was
their advice,--and the colonists, without the means of purchasing even
the necessaries of life, supplicated government to let them send their
sugar to the United States, to be exchanged for American produce.[307]
Public-domain text, read in full here on John Shaqi.
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