"9. That next to a loan of money, a constant naval superiority is the most interesting; this would instantly reduce the enemy to a difficult, defensive war, and by removing all prospects of extending their acquisitions, would take away the motives for prosecuting it. Indeed, it is not to be conceived, how they could subsist a large force in this country if we had the command of the seas to interrupt the regular transmission of supplies from Europe. This superiority, with an aid of money, would enable us to convert the contest into a vigorous offensive war. I say nothing of the advantages to the trade of both nations, nor how much it would facilitate our supplies. With respect to us, it seems to be one of two deciding points, and it appears to be the interest of our allies, abstracted from the immediate benefits to this country, to transfer the naval war to America. The number of ports friendly to them and hostile to the British, the materials for repairing their disabled ships, the extensive supplies towards the subsistence of their fleet, are circumstances which would give them a palpable advantage in the contest of the sea. No nation will have it more in its power to repay what it borrows than this. Our debts are hitherto small. The vast and valuable tracts of unlocated lands, the variety and fertility of climates and soils, the advantages of every kind, which we possess for commerce, insure to this country a rapid advancement in population and prosperity, and a certainty (its independence being established) of redeeming in a short term of years the comparatively inconsiderable debts, it may have occasion to contract. Notwithstanding the difficulties under which we labor, and the inquietudes among the people, there is still a fund of inclination and resource in the country equal to great and continued exertions, provided we have it in our power to stop the progress of disgust, by changing the present system, and adopting another more consonant with the spirit of the nation, and more capable of activity and energy in measures of which a powerful succor of money must be the basis. "The people are discontented, but it is with the feeble, oppressive mode of conducting the war, not with the war itself; they are not unwilling to contribute to its support, but they are unwilling to do it in a way that renders private property precarious, a necessary consequence of the fluctuation of the national currency, and of the inability of government to perform its engagements oftentimes coercively made. A large majority are still firmly attached to the independence of these States, abhor a re-union with Great Britain, and are affectionate to the alliance with France. But this disposition can ill supply the means customary and essential in war, nor can we rely on its duration amidst the perplexities, oppressions, and misfortunes, that attend the want of them."