The President commenced the conversation by the expression of his strong wish that I would not decline the mission. I observed that the British government had imposed an absurd construction on the fishery question, and without notice had suddenly sent a fleet there to enforce it, for the purpose, as I believed, of obtaining from us the reciprocity treaty. Under these circumstances I should have said to Great Britain: You shall have the treaty, but you must consent at the same time to withdraw your protectorate from the Mosquito Coast, and restore to Honduras the colony of the Bay of Islands. That this course might still be adopted at Washington, and that in this view all the negotiations had better be conducted there. Without answering these remarks specifically, the President, reiterating his request that I should accept the mission, spoke strongly of the danger of any delay, on our part, in the adjustment of the fishery question, and said that Mr. Crampton, deeply impressed with this danger, had gone all the way to Halifax to see Admiral Seymour, for the purpose of averting this danger. I observed that it was far, very far from my desire, in the present state of the negotiation, to have charge of the fishery negotiation at London; but still insisted that it was best that the Central American questions should also be settled at Washington. To this he expressed a decided aversion. He said that serious difficulties had arisen, in the progress of the negotiations, on the reciprocity question, particularly in regard to the reciprocal registry of the vessels of the two parties; and it was probable that within a short time the negotiation on all the questions would be transferred to me at London, and that my declining the mission at this time would be very embarrassing to his administration, and could not be satisfactorily explained. I replied that I thought it could. It might be stated in the _Union_ that after my agreement to accept the mission, circumstances had arisen rendering it necessary that the negotiations with which I was to be entrusted at London, should be conducted at Washington; that I myself was fully convinced of this necessity; but that this change had produced a corresponding change in my determination to accept a mission which I had always been reluctant to accept, and we had parted on the best and most friendly terms. Something like this, I thought, would be satisfactory.