History of the United States of America, Volume 5 (of 9) : $b During the first administration of James MadisonAdams, Henry
History
History of the United States of America, Volume 5 (of 9) : $b During the first administration of James Madison
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
The United States at the same time received their punishment for
opposing the Imperial will. The Decree of Rambouillet, though signed
March 23, was published only May 14, when the sequestrations previously
made in Holland, Spain, Italy, and France became in a manner legalized.
The value of the seizures in Holland and Spain was estimated by the
Emperor in arranging his budget for the current year as follows:[191]
American cargoes previously seized at Antwerp, two million dollars;
cargoes surrendered by Holland, two million four hundred thousand
dollars; seizures in Spain, one million six hundred thousand dollars.
In this estimate of six million dollars the seizures in France,
Denmark, Hamburg, Italy, and Naples were not included. The American
consul at Paris reported to Armstrong that between April 1809 and April
1810 fifty-one American ships had been seized in the ports of France,
forty-four in the ports of Spain, twenty-eight in those of Naples,
and eleven in those of Holland.[192] Assuming an average value of
thirty thousand dollars, these one hundred and thirty-four American
ships represented values exceeding four millions. Adding to Napoleon’s
estimate of six millions the Consul’s reported seizure of seventy-nine
ships in France and Naples, a sum of nearly $8,400,000 was attained. In
this estimate the seizures at Hamburg, in Denmark, and in the Baltic
were not included. On the whole the loss occasioned to Americans could
not be estimated at less than ten millions, even after allowing for
English property disguised as American. The exports from the United
States during the six months after the embargo amounted to fifty-two
million dollars,[193] exclusive of the ships; and as England offered a
less profitable market than the Continent, one fifth of this commerce
might easily have fallen into Napoleon’s hands. Twenty years afterward
the government of France paid five million dollars as indemnity for
a portion of the seizures, from which Napoleon by his own account
received not less than seven millions.
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